VADANOVA INC (EIN 521531484) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DIANN CARPENTER

Phone

7035997696

Tax Period

2023-01-01 to 2023-12-31

VADANOVA INC, founded in 1985, is a micro nonprofit in the Recreation & Sports sector that reported $95K in total revenue in fiscal year 2020. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ORGANIZE AND RUN DRESSAGE PERFORMANCE SHOWS, EDUCATE AND DEVELOP DRESSAGE RIDERS' SKILLS, CONDUCT EDUCATIONAL CLINICS ON DRESSAGE AND OTHER RELATED TOPICS, AND TO PROMOTE FRATERNIZATION AND FELLOWSHIP AMONG DRESSAGE RIDERS AND SPORTHORSE ENTHUSIASTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,926

Program Service Revenue $165,140

Investment Income $113

Other Revenue $151

TOTAL REVENUE $185,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,579

Other Expenses $184,578

TOTAL EXPENSES $184,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,330	$209,932	-0.1%
Expenses	$184,578	$199,126	-0.1%
Net Income	$752	$10,806	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANN CARPENTER	PRESIDENT	8.00	Officer Director	$0	$0	$0
JUDY GRASS	VICE-PRESIDENT	8.00	Officer Director	$0	$0	$0
MICHELLE KING	SECRETARY	8.00	Officer Director	$0	$0	$0
LISA RICE	TREASURER	8.00	Officer Director	$0	$0	$0
SONYA HUNT	BOARD MEMBER	0.00	Director	$0	$0	$0
JESSIE GINSBURG	BOARD MEMBER	0.00	Director	$0	$0	$0
RACHEL RICE	BOARD MEMBER	0.00	Director	$0	$0	$0
VERONICA GOGAN	BOARD MEMBER	0.00	Director	$0	$0	$0
ANNE HARRINGTON	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROL THOMAS	BOARD MEMBER	0.00	Director	$0	$0	$0
REBECCA QUINN	BOARD MEMBER	0.00	Director	$0	$0	$0
LORI LAFAVE	BOARD MEMBER	0.00	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	$185,330	$184,578	$121,649	$752
2022	$209,932	$199,126	$120,897	$10,806
2021	$238,029	$233,637	$110,091	$4,392
2020	$95,268	$118,690	$105,699	$-23,422

VADANOVA INC