HORSEPOWER FOUNDATION INC (EIN 463131465) - 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

Legal Domicile

Principal Officer

DAN RICE

Phone

3369311424

Tax Period

2024-01-01 to 2024-12-31

HORSEPOWER FOUNDATION INC is a small nonprofit in the Human Services sector that reported $339K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 76% operating margin.

Mission

TO RAISE FUNDS AND ASSETS FOR THE BENEFIT OF HORSEPOWER, INC. DBA HORSEPOWER THERAPEUTIC LEARNING CENTER, A NORTH CAROLINE NONPROFIT CORPORATION WHOSE MISSION IS TO PROMOTE AND ENHANCE THE WELFARE OF INDIVIDUALS WITH DISABILITIES BY PROVIDING A PROGRAM OF THERAPEUTIC, EDUCATIONAL AND RECREATIONAL VALUE.

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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 $276,007

Program Service Revenue $0

Investment Income $32,930

Other Revenue $30,208

TOTAL REVENUE $339,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,472

Fundraising Expenses $0

Program Expenses $72,281

Other Expenses $78,017

TOTAL EXPENSES $81,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,145	$200,156	+0.7%
Expenses	$81,489	$64,019	+0.3%
Net Income	$257,656	$136,137	+0.9%

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

$3,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN CLIFFORD	EXECUTIVE DI	2.00	Officer	$0	$0	$3,472
EMILY BRITT	DIRECTOR	2.00	Director	$0	$0	$0
JIM BURGIO	DIRECTOR	2.00	Director	$0	$0	$0
BERNARD CARREY	DIRECTOR	2.00	Director	$0	$0	$0
KIM CLEWIS	SECRETARY	2.00	Director	$0	$0	$0
JAY DONECKER	TREASURER	2.00	Officer Director	$0	$0	$0
CAROLYN GORGA	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE NORTH	DIRECTOR	2.00	Director	$0	$0	$0
DAN RICE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAT ROSSER	DIRECTOR	2.00	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	$339,145	$81,489	$2,166,518	$257,656
2023	$200,156	$64,019	$1,933,688	$136,137
2022	$193,395	$55,440	$1,798,051	$137,955
2021	$85,095	$53,882	$1,659,596	$31,213
2020	$98,104	$58,146	$1,628,383	$39,958
2019	$274,194	$101,252	$1,588,425	$172,942
2018	$275,130	$40,858	$1,545,180	$234,272

HORSEPOWER FOUNDATION INC