MINNESOTA HOOVED ANIMAL RESCUE FOUNDATION

EIN: 311708503 501(c)(3) Animal-Related

ZIMMERMAN, MN

Total Revenue
$319,045
Total Expenses
$254,728
Total Assets
$707,527
Net Assets
$707,527
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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
2006
Legal Domicile
MN
Principal Officer
DREW FITZPATRICK
Phone
7638563779
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA HOOVED ANIMAL RESCUE FOUNDATION, founded in 2006, is a small nonprofit in the Animal-Related sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 20% operating margin.

Mission

ANIMAL RESCUE, PRIMARILY HORSES

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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 (2024)

Revenue Breakdown

Contributions & Grants $300,672
Program Service Revenue $0
Investment Income $18,373
Other Revenue $0
TOTAL REVENUE $319,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $254,728
Other Expenses $254,728
TOTAL EXPENSES $254,728

Year-over-Year Comparison

2024 2023 Change
Revenue $319,045 $203,834 +0.6%
Expenses $254,728 $189,582 +0.3%
Net Income $64,317 $14,252 +3.5%
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
1
Independent Members
N/A
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW FITZPATRICK PRESIDENT 80.00
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
2024 $319,045 $254,728 $707,527 $64,317
2023 $203,834 $189,582 $643,210 $14,252
2022 $209,879 $191,574 $493,589 $18,305
2021 $243,657 $158,014 $598,422 $85,643
2020 $253,036 $190,136 $452,679 $62,900
2019 $209,630 $187,737 $373,356 $21,893
2018 $235,785 $205,855 $109,626 $29,930
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