SPIRITS PROMISE EQUINE RESCUE CORP (EIN 453660621) - 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

2011

Legal Domicile

Principal Officer

Marisa Striano

Phone

6318750433

Tax Period

2024-01-01 to 2024-12-31

SPIRITS PROMISE EQUINE RESCUE CORP, founded in 2011, is a small nonprofit in the Animal-Related sector that reported $434K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

SPIRITS PROMISE EQUINE RESCUE CORP IS AN ORGANIZATION THAT EXISTS TO RESCUE HORSES AND OTHER ANIMALS FROM POOR LIVING CONDITIONS, SLAUGHTER HOUSES AND FROM PEOPLE WHO CAN NO LONGER CARE FOR THEIR ANIMALS

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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 (2024)

Revenue Breakdown

Contributions & Grants $367,816

Program Service Revenue $31,829

Investment Income $0

Other Revenue $34,844

TOTAL REVENUE $434,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,885

Fundraising Expenses $18,731

Program Expenses $372,614

Other Expenses $304,364

TOTAL EXPENSES $472,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,489	$503,506	-0.1%
Expenses	$472,249	$504,593	-0.1%
Net Income	$-37,760	$-1,087	+33.7%

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

$60,818

Total Directors

$60,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Siegel	Board President	40	Officer Director	$59,218	$0	$59,218
Marisa Striano	Executive Director	40	Officer Director	$1,600	$0	$1,600
Jil Gans	Board Member	10	Director	$0	$0	$0
Wendy Harris	Treasurer	4	Officer Director	$0	$0	$0
Christina Perrone	Board Member	1	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
2024	$434,489	$472,249	$268,131	$-37,760
2023	$503,506	$504,593	$274,486	$-1,087
2022	$732,774	$548,121	$316,631	$184,653
2021	$661,134	$627,542	$134,293	$33,592
2020	$460,018	$436,123	$51,910	$23,895
2019	$366,614	$338,569	$26,320	$28,045
2018	$280,822	$295,793	$10,779	$-14,971

SPIRITS PROMISE EQUINE RESCUE CORP