SPIRIT SONG YOUTH EQUESTRIAN ACADEMY (EIN 452299724) - 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

2015

Legal Domicile

Principal Officer

JOSEPH C MCALEXANDER

Phone

9724214412

Tax Period

2023-01-01 to 2023-12-31

SPIRIT SONG YOUTH EQUESTRIAN ACADEMY, founded in 2015, is a small nonprofit in the Mental Health sector that reported $268K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

SPIRIT SONG YOUTH EQUESTRIAN ACADEMY (SSYEA) IS A CHRIST-CENTERED, 501(C)(3) NON-PROFIT OPERATION DEDICATED TO THE EQUINE-ASSISTED LIFE SKILLS DEVELOPMENT IN YOUTH AND ADULTS, BOTH AS INDIVIDUALS AND AS TEAMS.

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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 $222,870

Program Service Revenue $44,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,890

Fundraising Expenses $3,345

Program Expenses $215,671

Other Expenses $195,567

TOTAL EXPENSES $262,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,510	$304,781	-0.1%
Expenses	$262,457	$311,474	-0.2%
Net Income	$5,053	$-6,693	-1.8%

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

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

$28,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH C MCALEXANDER	CEO	25.00	Officer Director	$0	$0	$0
STARR MCALEXANDER	PRESIDENT	25.00	Officer Director	$0	$0	$0
ALISON SELBY	DIRECTOR	40.00	Director	$28,750	$0	$28,750

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	$267,510	$262,457	$11,743	$5,053
2022	$304,781	$311,474	$6,792	$-6,693
2021	$294,188	$284,925	$13,484	$9,263
2020	$239,371	$305,839	$17,371	$-66,468
2019	$321,475	$330,572	$15,543	$-9,097
2018	$247,602	$262,522	$23,317	$-14,920

SPIRIT SONG YOUTH EQUESTRIAN ACADEMY