HORSEMEN INC (EIN 410703574) - 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

1948

Legal Domicile

Principal Officer

CHRISTOPHER MULLIN

Phone

6123085922

Tax Period

2025-01-01 to 2025-12-31

HORSEMEN INC, founded in 1948, is a small nonprofit that reported $440K in total revenue in fiscal year 2025. Expenses of $424K left a modest 3% surplus.

Mission

PHILANTRHOPIC FRATERNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,250

Program Service Revenue $427,380

Investment Income $26

Other Revenue $977

TOTAL REVENUE $439,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,252

Fundraising Expenses $0

Other Expenses $280,108

TOTAL EXPENSES $424,360

Year-over-Year Comparison

	2025	2024	Change
Revenue	$439,633	$416,623	+0.1%
Expenses	$424,360	$389,568	+0.1%
Net Income	$15,273	$27,055	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRETTON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JON HUBER	TRUSTEE	1.00	Officer Director	$0	$0	$0
SCOTT UDELL	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOEL BOLSTAD	TRUSTEE	1.00	Officer Director	$0	$0	$0
LARRY MACDONALD	PRESIDENT OF	1.00	Director	$0	$0	$0
CHRISTOPHER MULLIN	TREASURER	5.00	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
2025	$439,633	$424,360	$352,775	$15,273
2024	$416,623	$389,568	$361,958	$27,055
2023	$415,018	$392,764	$389,956	$22,254
2022	$364,344	$427,610	$406,227	$-63,266
2021	$328,164	$328,149	$574,430	$15
2020	$306,263	$377,313	$383,752	$-71,050
2019	$295,267	$327,027	$370,848	$-31,760
2018	$290,366	$334,429	$388,098	$-44,063

HORSEMEN INC