THE PEGASUS PROJECT INC

EIN: 272108244 501(c)(3) Animal-Related

BEN WHEELER, TX

Total Revenue
$1,433,061
Total Expenses
$654,640
Total Assets
$1,553,863
Net Assets
$1,505,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
ALLYSON DECANIO
Phone
9039951020
Tax Period
2023-01-01 to 2023-12-31

THE PEGASUS PROJECT INC, founded in 2010, is a community nonprofit in the Animal-Related sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $778K, a strong 54% operating margin.

Mission

TO RESCUE, REHABILITATE, RETRAIN, AND RE-HOME NEGLECTED, ABUSED AND ABANDONED HORSES, DONKEYS, AND MULES THROUGH TEXAS AND SURROUNDING STATES.

Program Service Accomplishments

Program 1
Expenses: $391,706 Revenue: $40,196

NEGLECTED HORSES WERE RESCUED, REHABILITATED (PROVIDED CARE, ATTENTION, PROPER NUTRITION, AND MEDICAL CARE), AND RETRAINED. ONCE THE HORSES WERE PREPARED, EFFORTS WERE MADE TOWARD ADOPTION INTO...

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NEGLECTED HORSES WERE RESCUED, REHABILITATED (PROVIDED CARE, ATTENTION, PROPER NUTRITION, AND MEDICAL CARE), AND RETRAINED. ONCE THE HORSES WERE PREPARED, EFFORTS WERE MADE TOWARD ADOPTION INTO PERMANENT HOMES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,307,230
Program Service Revenue $40,196
Investment Income $0
Other Revenue $85,635
TOTAL REVENUE $1,433,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $289,265
Fundraising Expenses $0
Program Expenses $391,706
Other Expenses $365,375
TOTAL EXPENSES $654,640

Year-over-Year Comparison

2023 2022 Change
Revenue $1,433,061 $451,551 +2.2%
Expenses $654,640 $574,967 +0.1%
Net Income $778,421 $-123,416 -7.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
17
Volunteers
40

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
2
$130,000
Total Directors
7
$130,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLYSON DECANIO PRESIDENT/ED 70.00
Officer Director
$130,000 $0 $130,000
MIKE DECANIO VICE PRESIDENT 20.00
Officer Director
$0 $0 $0
ANNE ELLIS DIRECTOR 1.00
Director
$0 $0 $0
ERICA MCCRARY DIRECTOR 1.00
Director
$0 $0 $0
ROSS MATHSON DIRECTOR 1.00
Director
$0 $0 $0
JAN COOPER DIRECTOR 1.00
Director
$0 $0 $0
STACEY CRUMBLEY PEHRSON DIRECTOR 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,433,061 $654,640 $1,553,863 $778,421
2022 $451,551 $574,967 $797,698 $-123,416
2021 $714,055 $515,790 $891,494 $198,265
2020 $465,657 $504,239 $693,608 $-38,582
2019 $825,814 $493,515 $708,070 $332,299
2018 $607,459 $465,839 $370,460 $141,620
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