Horses for Heroes - New Mexico Inc (EIN 271578535) - 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

2010

Legal Domicile

Principal Officer

Richard Iannucci

Phone

5057982535

Tax Period

2024-01-01 to 2024-12-31

Horses for Heroes - New Mexico Inc, founded in 2010, is a small nonprofit in the Health Care sector that reported $532K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 83% operating margin.

Mission

Provide horsemanship & skill-set restructuring program for combat veterans & active military

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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 (2024)

Revenue Breakdown

Contributions & Grants $406,238

Program Service Revenue $0

Investment Income $125,695

Other Revenue $0

TOTAL REVENUE $531,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,825

Other Expenses $90,126

TOTAL EXPENSES $90,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,933	$432,192	+0.2%
Expenses	$90,126	$80,864	+0.1%
Net Income	$441,807	$351,328	+0.3%

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
Richard Iannucci	President	60.00	Officer Director	$0	$0	$0
Nancy De Santia	Secretary/Treasurer	60.00	Officer Director	$0	$0	$0
Charles Bennett	Board Member	8.00	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
2024	$531,933	$90,126	$3,337,589	$441,807
2023	$432,192	$80,864	$2,895,782	$351,328
2022	$257,636	$64,366	$2,544,454	$193,270
2021	$280,770	$99,829	$2,351,184	$180,941
2020	$282,776	$51,816	$2,167,193	$230,960
2019	$380,843	$67,425	$1,936,233	$313,418
2018	$324,501	$85,526	$1,622,815	$238,975

Horses for Heroes - New Mexico Inc