BAY STATE EQUINE RESCUE INC (EIN 421563295) - 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

2002

Legal Domicile

Principal Officer

SUSAN SHERIDAN

Tax Period

2023-01-01 to 2023-12-31

BAY STATE EQUINE RESCUE INC, founded in 2002, is a micro nonprofit in the Human Services sector that reported $33K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $67K exceeded revenue, resulting in a 99% operating deficit.

Mission

RESCUE AND REHABILITATION OF ABUSED AND MISTREATED HORSES FOR ADOPTION PROGRAMS. TO PROVIDE EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR CHILDREN AND ADULTS SURROUNDING 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 $27,940

Program Service Revenue $3,390

Investment Income $2,061

Other Revenue $0

TOTAL REVENUE $33,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,776

Fundraising Expenses $6,796

Other Expenses $61,785

TOTAL EXPENSES $66,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,391	$29,614	+0.1%
Expenses	$66,561	$67,335	0.0%
Net Income	$-33,170	$-37,721	-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

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	Role	Reportable Comp	Other Comp	Total
KARIN ORSI	SECRETARY	Officer	$0	$0	$0
TOM SHERIDAN	DIRECTOR	Officer	$0	$0	$0
SUSAN SHERIDAN	PRESIDENT	Officer	$0	$0	$0
DAWN MORRISON	TREASURER	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	No data	No data	No data	No data
2023	$33,391	$66,561	$613,075	$-33,170
2022	$29,614	$67,335	$646,284	$-37,721
2021	$267,623	$35,487	$684,599	$232,136
2020	$37,282	$44,269	$452,463	$-6,987
2019	$37,969	$47,396	$459,450	$-9,427
2018	$47,261	$53,108	$471,318	$-5,847

BAY STATE EQUINE RESCUE INC