THE PEGASUS PROJECT INC (EIN 272108244) - 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

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 THROUGHOUT TEXAS AND SURROUNDING STATES.

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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 (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

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

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

$130,000

Total Directors

$130,000

Key Employees

Highest Compensated

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
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

THE PEGASUS PROJECT INC