HEROES AND HORSES INC (EIN 464639973) - 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

2014

Legal Domicile

Principal Officer

MICAH FINK

Phone

4062842870

Tax Period

2023-01-01 to 2023-12-31

HEROES AND HORSES INC, founded in 2014, is a community nonprofit in the Human Services sector that reported $5.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 59% operating margin.

Mission

HEROES AND HORSES 501(c)3 IS A UNIQUE AND STAND-ALONE PROGRAM FOR COMBAT VETERANS THAT USES THE HORSE/HUMAN CONNECTION, HORSE PACKING IN THE REMOTE WILDERNESS, WELLNESS APPROACHES, TRADITIONAL PRACTICES, NUTRITION, FITNESS, AND VARIOUS MODALITIES THAT INVOLVE HEAT, COLD, DIGITAL DETOX, AND COACHING TO REDEFINE THE RELATIONSHIP BETWEEN CHALLENGE AND PURPOSE.

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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 $5,212,112

Program Service Revenue $0

Investment Income $67,060

Other Revenue $-52,654

TOTAL REVENUE $5,226,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $911,404

Fundraising Expenses $234,868

Program Expenses $1,686,438

Other Expenses $1,245,444

TOTAL EXPENSES $2,156,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,226,518	$4,812,574	+0.1%
Expenses	$2,156,848	$1,750,131	+0.2%
Net Income	$3,069,670	$3,062,443	+0.0%

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

$122,534

Total Directors

$122,534

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAH FINK	CEO	40.00	Officer Director	$116,358	$6,176	$122,534
GARRETT GLASS	Secretary	1.00	Officer Director	$0	$0	$0
JESSE GARDNER	Director	1.00	Director	$0	$0	$0
CLINT LARUE	Director	1.00	Director	$0	$0	$0
JOEL LEADBETTER	President	1.00	Officer Director	$0	$0	$0
RICK VAN ARNAM	Director	1.00	Director	$0	$0	$0
DARIN SCHEER	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	No data	No data	No data	No data
2023	$5,226,518	$2,156,848	$12,926,722	$3,069,670
2022	$4,833,074	$1,736,853	$10,043,020	$3,096,221
2022	$4,681,679	$1,750,131	$9,897,125	$2,931,548
2021	$2,617,724	$1,316,881	$7,023,073	$1,300,843
2020	$3,178,217	$866,449	$5,170,622	$2,311,768
2019	$1,185,151	$915,617	$1,152,288	$269,534
2018	$1,196,473	$790,033	$806,424	$406,440

HEROES AND HORSES INC