PROJECT HORSE INC (EIN 262263132) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

DARCY WOESSNER

Phone

5713962617

Tax Period

2022-01-01 to 2022-12-31

PROJECT HORSE INC, founded in 2008, is a micro nonprofit in the Education sector that reported $24K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROJECT HORSE CONNECTS PEOPLE IN NEED OF RENEWED HOPE AND CONFIDENCE WITH REHABILITATED RESCUE HORSES, THROUGH INNOVATIVE EXPERIENTIAL LEARNING AND THERAPY PROGRAMS. THE CALMING PRESENCE OF HORSES, WITH THEIR KEEN ABILITY TO SENSE AND RESPOND TO THE HUMAN CONDITION, PROVIDES AN IDEAL ENVIRONMENT FOR HEALING AND SELF-DISCOVERY. PROJECT HORSE IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR BOTH HORSES AND HUMANS, CREATING A UNIQUE COMMUNITY OF MUTUAL HEALING AND BENEFIT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $23,511

Program Service Revenue $255

Investment Income $6

Other Revenue $0

TOTAL REVENUE $23,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,775

Other Expenses $33,934

TOTAL EXPENSES $33,934

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,772	$131,277	-0.8%
Expenses	$33,934	$157,339	-0.8%
Net Income	$-10,162	$-26,062	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSI SPIGLE	CHAIR	0.50	Officer Director	$0	$0	$0
ANDREW WOESSNER	TREASURER	0.50	Officer Director	$0	$0	$0
DARCY WOESSNER	EXECUTIVE DI	15.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$23,772	$33,934	$99,846	$-10,162
2021	$131,277	$157,339	$149,172	$-26,062
2020	$259,409	$211,840	$160,759	$47,569
2019	$223,798	$233,603	$51,213	$-9,805
2019	$223,798	$233,603	$51,213	$-9,805
2018	$216,733	$207,313	$64,324	$9,420
2018	$212,393	$205,898	$66,348	$6,495
2018	$212,393	$205,898	$66,348	$6,495

PROJECT HORSE INC