MARYLAND HORSE FOUNDATION INC (EIN 521619893) - 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

1988

Legal Domicile

Phone

4102522100

Tax Period

2024-01-01 to 2024-12-31

MARYLAND HORSE FOUNDATION INC, founded in 1988, is a small nonprofit in the Animal-Related sector that reported $174K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO EDUCATE THE PUBLIC AND IMPROVE THE CONDITIONS OF THE EQUINE INDUSTRY THROUGHOUT THE STATE OF MARYLAND.

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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 $97,806

Program Service Revenue $0

Investment Income $39,989

Other Revenue $35,974

TOTAL REVENUE $173,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,718

Other Expenses $226,743

TOTAL EXPENSES $226,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,769	$217,230	-0.2%
Expenses	$226,743	$228,819	0.0%
Net Income	$-52,974	$-11,589	+3.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
N/A	PRESIDENT	5.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
N/A	EXECUTIVE DI	10.00	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	$173,769	$226,743	$1,745,635	$-52,974
2023	$217,230	$228,819	$1,825,014	$-11,589
2022	$400,909	$187,955	$1,824,578	$212,954
2021	$1,519,451	$56,373	$1,599,964	$1,463,078

MARYLAND HORSE FOUNDATION INC