FREE SPIRIT RIDERS INC (EIN 391614703) - 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

1987

Legal Domicile

Principal Officer

LAURA SCHWARTZBURG

Phone

9209249920

Tax Period

2018-01-01 to 2018-12-31

FREE SPIRIT RIDERS INC, founded in 1987, is a small nonprofit that reported $110K in total revenue in fiscal year 2018. Expenses of $178K exceeded revenue, resulting in a 62% operating deficit.

Mission

COMMITTED TO ENRICHING THE LIVES OF CHILDREN AND ADULTS WITH DISABILITIES THROUGH SAFE AND THERAPEUTIC INTERACTION WITH 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 (2018)

Revenue Breakdown

Contributions & Grants $57,988

Program Service Revenue $48,571

Investment Income $1,269

Other Revenue $2,445

TOTAL REVENUE $110,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,164

Fundraising Expenses $6,367

Program Expenses $143,258

Other Expenses $94,994

TOTAL EXPENSES $178,158

Year-over-Year Comparison

	2018	2017	Change
Revenue	$110,273	$112,406	0.0%
Expenses	$178,158	$173,012	+0.0%
Net Income	$-67,885	$-60,606	+0.1%

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

126

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

$21,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN BESTOR	SECRETARY	1.00	Officer Director	$0	$0	$0
MERCEDES HEMMER	MEMBER	1.00	Director	$0	$0	$0
LEAH JOHNSON	MEMBER	1.00	Director	$0	$0	$0
CINDY HAHN	MEMBER	1.00	Director	$0	$0	$0
LINDA DULMES	MEMBER	1.00	Director	$0	$0	$0
STEVE HANSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE IMMEL	MEMBER	1.00	Director	$0	$0	$0
NATE HANSEN	TREASURER	1.00	Officer Director	$0	$0	$0
BONNIE SCHWOERER	MEMBER	1.00	Director	$0	$0	$0
ANN CULVER	MEMBER	1.00	Director	$0	$0	$0
COLLEEN PHALEN	MEMBER	1.00	Director	$0	$0	$0
PAUL OSTERHOLM	EXEC DIR THR	20.00	Officer	$13,462	$0	$13,462
LAURA SCHWARTZBURG	EXEC DIR AS	20.00	Officer	$8,460	$0	$8,460

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
2018	$110,273	$178,158	$490,145	$-67,885

FREE SPIRIT RIDERS INC