CHANGING FATES EQUINE RESCUE OF DE… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

KAREN SPEAKE

Phone

4108587058

Tax Period

2023-01-01 to 2023-12-31

CHANGING FATES EQUINE RESCUE OF DELAWARE INC, founded in 2005, is a micro nonprofit in the Animal-Related sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 24% operating deficit.

Mission

CHANGING FATES EQUINE RESCUE (CFERD), SERVES AS A HORSE RESCUE FOR THE ENTIRE DELMARVA PENINSULA. HORSES ARE RESCUED FROM SLAUGHTER, ARE MEDICALLY AND PHYSICALLY REHABILITATED, TRAINED AND PLACED FOR ADOPTION.

Program Service Accomplishments

Program 1

Expenses: $63,743 Revenue: $18,187

RESCUE AND REHOME NEGLECTED UNWANTED 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,254

Program Service Revenue $4,387

Investment Income $48

Other Revenue $18,684

TOTAL REVENUE $52,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,743

Other Expenses $65,009

TOTAL EXPENSES $65,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,373	$93,018	-0.4%
Expenses	$65,009	$112,785	-0.4%
Net Income	$-12,636	$-19,767	-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
KAREN SPEAKE	PRESIDENT	40.00	Officer Director	$0	$0	$0
BRANDON SPEAKE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
STACY DIEHL	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
CAROL POPELAS	MEMBER	5.00	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
2023	$52,373	$65,009	$435,635	$-12,636
2022	$93,018	$112,785	$448,271	$-19,767
2021	$304,240	$160,886	$499,801	$143,354
2020	$45,589	$43,399	$356,447	$2,190

CHANGING FATES EQUINE RESCUE OF DELAWARE INC