New England Equine Rescue - North Inc (EIN 454007146) - 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

2012

Legal Domicile

Principal Officer

Mary D Martin

Phone

5082844022

Tax Period

2024-01-01 to 2024-12-31

New England Equine Rescue - North Inc, founded in 2012, is a small nonprofit in the Animal-Related sector that reported $487K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $457K left a modest 6% surplus.

Mission

To rescue horses who are abused, neglected, or at-risk of slaughter.

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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 $441,730

Program Service Revenue $19,186

Investment Income $5,625

Other Revenue $20,564

TOTAL REVENUE $487,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,090

Fundraising Expenses $5,632

Program Expenses $390,040

Other Expenses $350,946

TOTAL EXPENSES $457,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,105	$594,010	-0.2%
Expenses	$457,036	$514,373	-0.1%
Net Income	$30,069	$79,637	-0.6%

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

$62,091

Total Directors

$62,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Martin	President	40.00	Officer Director	$50,250	$1,841	$52,091
Kathy Gallagher	Treasurer	1.00	Officer Director	$10,000	$0	$10,000
Anne Bonazoli	Director	1.00	Director	$0	$0	$0
Jen Pollard	Director	1.00	Director	$0	$0	$0
Trudy Kiley	Director	1.00	Director	$0	$0	$0
Linda Magowan	Director	1.00	Director	$0	$0	$0
Caitlin Swofford	Clerk	1.00	Officer 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	$487,105	$457,036	$1,283,419	$30,069
2023	$594,010	$514,373	$1,286,322	$79,637
2022	$447,033	$397,009	$1,237,753	$50,024
2021	$383,124	$306,877	$1,145,685	$76,247
2020	$364,252	$269,384	$949,386	$94,868
2019	$234,882	$233,621	$873,533	$1,261
2018	$243,328	$200,264	$879,903	$43,064

New England Equine Rescue - North Inc