HORSE CREEK TRUST

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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

BOBBY RICHARDSON

Phone

7062721303

Tax Period

2023-01-01 to 2023-12-31

HORSE CREEK TRUST, founded in 2015, is a small nonprofit in the Environment sector that reported $106K in total revenue in fiscal year 2023. The organization ran a surplus of $41K, a strong 38% operating margin.

Mission

TO PLAN AND ENACT REDEVELOPMENT FOR THE REVITALIZATION OF THE GRANITEVILLE, SC COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $50,538

HORSE CREEK TRUST WILL BE OPERATED WITH THE ORGANIZATIONAL STRUCTURE OF A COMPARABLE SMALL REAL ESTATE DEVELOPMENT AND MANAGEMENT ENTITY. HORSE CREEK TRUST WILL FACILITATE EQUITY PARTNERS' GRANTS...

HORSE CREEK TRUST WILL BE OPERATED WITH THE ORGANIZATIONAL STRUCTURE OF A COMPARABLE SMALL REAL ESTATE DEVELOPMENT AND MANAGEMENT ENTITY. HORSE CREEK TRUST WILL FACILITATE EQUITY PARTNERS' GRANTS, FINANCING FOR CAPITAL PROJECTS, IMPLEMENTATION OF ALL NECESSARY PROJECTS, AND MANAGEMENT OF RESPONSIBILITIES FOR THE MANAGEMENT OF CAPITAL PROJECTS THROUGH DEVELOPMENT, CONSTRUCTION, AND OPERATIONS.

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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 $106,053

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $50,538

Other Expenses $63,901

TOTAL EXPENSES $65,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,053	N/A	N/A
Expenses	$65,401	$72,318	-0.1%
Net Income	$40,652	$-72,318	-1.6%

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

N/A

Volunteers

N/A

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

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TURNER SIMKINS	DIRECTOR/CONSULTANT	20.00	Officer Director	$0	$0	$0
JOHN ROBINSON	DIRECTOR/ TREASURER	1.00	Director	$1,500	$0	$1,500
ROGER BOYD	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	$106,053	$65,401	$10,703,155	$40,652
2022	No data	$72,318	$10,491,109	No data
2021	$2,694	$142,094	$10,563,427	$-139,400
2020	$430,245	$228,512	$10,702,827	$201,733
2019	$16,500	$36,987	$10,501,094	$-20,487
2018	$118,508	$95,090	$10,521,581	$23,418