SORCES SECOND CHANCE HORSE RESCUE

EIN: 300701234 501(c)(3)

LEBANON, TN

Total Revenue
$59,326
Total Expenses
$59,326
Total Assets
N/A
Net Assets
N/A
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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
2011
Legal Domicile
CA
Principal Officer
SHARON SORCE
Tax Period
2020-01-01 to 2020-12-31

SORCES SECOND CHANCE HORSE RESCUE, founded in 2011, is a micro nonprofit that reported $59K in total revenue in fiscal year 2020. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

HORSE RESCUE AND RECOVERY

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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 (2020)

Revenue Breakdown

Contributions & Grants $59,326
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $59,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,326
Other Expenses $59,326
TOTAL EXPENSES $59,326

Year-over-Year Comparison

2020 2019 Change
Revenue $59,326 $79,164 -0.3%
Expenses $59,326 $79,164 -0.3%
Net Income $0 N/A N/A
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SORCE DIRECTOR 10.00
Director
$0 $0 $0
SHARON SORCE PRESIDENT 40.00
Officer
$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
2020 $59,326 $59,326 No data No data
2019 $79,164 $79,164 No data No data
2018 $312,709 $314,127 No data $-1,418
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