The American Saddlebred Legacy Foundatio

EIN: 475178497 501(c)(3) Animal-Related

Eminence, KY

Total Revenue
$234,327
Total Expenses
$274,798
Total Assets
$137,297
Net Assets
$-177,503
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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
KY
Principal Officer
Jennifer Wittig
Phone
5028817626
Tax Period
2022-01-01 to 2022-12-31

The American Saddlebred Legacy Foundatio, founded in 2015, is a small nonprofit in the Animal-Related sector that reported $234K in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $275K exceeded revenue, resulting in a 17% operating deficit.

Mission

Saddlebred breed preservation and promotion.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $231,247
Program Service Revenue $0
Investment Income $0
Other Revenue $3,080
TOTAL REVENUE $234,327

Expense Breakdown

Grants Paid $2,255
Salaries & Benefits $200
Fundraising Expenses $0
Program Expenses $245,753
Other Expenses $272,343
TOTAL EXPENSES $274,798

Year-over-Year Comparison

2022 2021 Change
Revenue $234,327 $179,097 +0.3%
Expenses $274,798 $268,289 +0.0%
Net Income $-40,471 $-89,192 -0.5%
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Wittig President 50.00
Officer Director
$0 $0 $0
Deanna Roach Secretary 10.00
Officer Director
$0 $0 $0
Lori Sargeant Treasurer 10.00
Officer Director
$0 $0 $0
Jill Kinnett Vice President 10.00
Officer 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
2022 $234,327 $274,798 $137,297 $-40,471
2021 $179,097 $268,289 $82,154 $-89,192
2020 $181,967 $240,929 $53,519 $-58,962
2019 $174,080 $179,167 $10,725 $-5,087
2018 $212,097 $206,537 $15,812 $5,560
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