MISSISSIPPI HORSES INC

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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

STEPHANIE BILLINGSLEY

Phone

6012018522

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI HORSES INC, founded in 2012, is a small nonprofit in the Animal-Related sector that reported $228K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

MISSISSIPPI HORSES INCREASES AWARENESS OF THE PLIGHT OF UNWANTED HORSES BY CONTINUOUS EFFORTS TO RESCUE, REHABILITATE, RETRAIN, AND RE-HOME HORSES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $198,382 Revenue: $26,720

MISSISSIPPI HORSES MAINTAINS A NETWORK OF RESCUE GROUPS, TRAINERS, VETERINARIANS, LAW ENFORCEMENT, FOSTER HOMES AND VOLUNTEERS TO PROVIDE CONSISTENCY TO THE INCREASING NEED FOR HORSE RESCUE. THE...

MISSISSIPPI HORSES MAINTAINS A NETWORK OF RESCUE GROUPS, TRAINERS, VETERINARIANS, LAW ENFORCEMENT, FOSTER HOMES AND VOLUNTEERS TO PROVIDE CONSISTENCY TO THE INCREASING NEED FOR HORSE RESCUE. THE RESCUE GROUPS INCLUDED IN THE NETWORK STRIVE TO MEET THE BASIC STANDARDS SET FORTH BY THE HOMES FOR HORSES GUIDELINES FOR OPERATING AN EQUINE FACILITY.PROGRAM DETAILS FOR 2024 INCLUDED:- 121 INTAKES: 5 LAW ENFORCEMENT ASSISTED, 108 OWNER SURRENDERED, 17 ADOPTED, 6 EUTHANIZED- OCTOBER 12: HOSTED MATCH MAKER CLINIC- NOVEMBER 2: HOSTED MATCH MAKER CLINIC- NOVEMBER 9: HOSTED WILD PONY HALTER TRAINING CLINIC- JANUARY 12: HOSTED VOLUNTEER RECRUITMENT MEET & GREET

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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 $201,248

Program Service Revenue $26,720

Investment Income $0

Other Revenue $0

TOTAL REVENUE $227,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,340

Program Expenses $198,382

Other Expenses $223,155

TOTAL EXPENSES $223,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,968	$274,192	-0.2%
Expenses	$223,155	$293,889	-0.2%
Net Income	$4,813	$-19,697	-1.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE BILLINGSLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE SEALE	TREASURER	1.00	Officer Director	$0	$0	$0
BILL BILLINGSLEY	DIRECTOR	1.00	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	$227,968	$223,155	$26,831	$4,813
2023	$274,192	$293,889	$36,607	$-19,697