Heading For Home Racehorse RetrainingAdoption Center Inc (EIN 274556090) - 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

John Cimino

Phone

5186647063

Tax Period

2022-01-01 to 2022-12-31

Heading For Home Racehorse RetrainingAdoption Center Inc, founded in 2010, is a micro nonprofit in the Animal-Related sector that reported $13K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $21K exceeded revenue, resulting in a 60% operating deficit.

Mission

Heading for Home Racehorse Retraining/Adoption Center, Inc(HFH) is dedicated to the promotion of viable alternatives for thoroughbred and standardbred racehorses upon retirement. Additonally, HFH supports community outreach programs for children and adults through providing them the positive influence of our horses and the equine atmosphere.

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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 $10,357

Program Service Revenue $0

Investment Income $0

Other Revenue $3,005

TOTAL REVENUE $13,362

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $848

Program Expenses $18,934

Other Expenses $21,292

TOTAL EXPENSES $21,392

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,362	$9,022	+0.5%
Expenses	$21,392	$22,353	0.0%
Net Income	$-8,030	$-13,331	-0.4%

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
Joseph Battaglia	President	4.00	Officer	$0	$0	$0
John Cimino	Treasurer	2.00	Officer	$0	$0	$0
Jennifer Stevens	Secretary	1.00	Officer	$0	$0	$0
Michael McGuire	Member	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	No data	No data	No data	No data
2022	$13,362	$21,392	$212,890	$-8,030
2021	$9,022	$22,353	$220,603	$-13,331
2020	$16,295	$40,849	$233,934	$-24,554
2019	$44,281	$75,192	$263,325	$-30,911
2018	$28,253	$59,696	$293,839	$-31,443

Heading For Home Racehorse RetrainingAdoption Center Inc