DETROIT HORSE POWER (EIN 473212490) - 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

2015

Legal Domicile

Principal Officer

DAVID SILVER

Phone

3132410677

Tax Period

2024-01-01 to 2024-12-31

DETROIT HORSE POWER, founded in 2015, is a community nonprofit in the Youth Development sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 68% operating margin.

Mission

TEACH URBAN YOUTH TO RIDE AND CARE FOR HORSES AS A WAY TO DEVELOP CRITICAL SKILLS FOR FUTURE SUCCESS.

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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 $2,357,207

Program Service Revenue $0

Investment Income $173,862

Other Revenue $-24,431

TOTAL REVENUE $2,506,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,309

Fundraising Expenses $33,544

Program Expenses $702,801

Other Expenses $348,193

TOTAL EXPENSES $814,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,506,638	$3,661,186	-0.3%
Expenses	$814,502	$722,697	+0.1%
Net Income	$1,692,136	$2,938,489	-0.4%

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

$85,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SILVER	EXECUTIVE DIRECTOR	040.00	Officer	$85,075	$0	$85,075
CATHARINE LaMONT	PRESIDENT	004.00	Officer Director	$0	$0	$0
JENNIFER VAN ZELST	V. PRESIDENT	004.00	Officer Director	$0	$0	$0
MEAGAN BELFINGER	TREASURER	004.00	Officer Director	$0	$0	$0
SANDRA TURNER-HANDY	SECRETARY	004.00	Officer Director	$0	$0	$0
JEFF JONES	DIRECTOR	004.00	Director	$0	$0	$0
MARSEILLE ALLEN	DIRECTOR	004.00	Director	$0	$0	$0
DANIELLE HARLING	DIRECTOR	004.00	Director	$0	$0	$0
ITZEL FLORES	DIRECTOR	004.00	Director	$0	$0	$0
MARIA LEON-JOHNSON	DIRECTOR	004.00	Director	$0	$0	$0
HELENA SCOTT	DIRECTOR	004.00	Director	$0	$0	$0
SUSAN BARKELL	DIRECTOR	004.00	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	$2,506,638	$814,502	$7,266,532	$1,692,136
2023	$3,661,186	$722,697	$5,570,388	$2,938,489
2022	$2,078,672	$572,132	$2,623,257	$1,506,540
2021	$1,075,890	$459,514	$1,118,039	$616,376
2020	$587,310	$375,523	$520,373	$211,787
2019	$313,210	$261,471	$270,532	$51,739

DETROIT HORSE POWER