HORSEPOWER INC (EIN 561907424) - 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

1995

Legal Domicile

Principal Officer

EMILY MANN

Phone

3369311424

Tax Period

2024-01-01 to 2024-12-31

HORSEPOWER INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $777K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $733K left a modest 6% surplus.

Mission

TO PROMOTE AND ENHANCE THE WELFARE OF INDIVIDUALS WITH DISABILITIES BY PROVIDING A PROGRAM OF THERAPEUTIC, EDUCATIONAL AND RECREATIONAL VALUE, AND FURTHER, TO EMPOWER INDIVIDUALS WHO ARE MENTALLY, PHYSICALLY AND/OR EMOTIONALLY CHALLENGED THROUGH THE USE OF HORSES, WHILE PROVIDING THERAPEUTIC BENEFITS IN A SAFE AND CONTROLLED ATMOSPHERE.

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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 $577,385

Program Service Revenue $191,976

Investment Income $6,112

Other Revenue $1,865

TOTAL REVENUE $777,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $441,416

Fundraising Expenses $89,135

Program Expenses $565,903

Other Expenses $291,437

TOTAL EXPENSES $732,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$777,338	$641,020	+0.2%
Expenses	$732,853	$607,405	+0.2%
Net Income	$44,485	$33,615	+0.3%

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

375

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN CLIFFORD	CFO	40.00	Officer Director	$65,000	$0	$65,000
COLLEEN CALLAHAN	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON CARREY	DIRECTOR	2.00	Director	$0	$0	$0
VERNON FARRINGTON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MELISSA LYONS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ELLIS MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
ISADORE MORROW	DIRECTOR	2.00	Director	$0	$0	$0
TREESE MOSHER	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN RIZZI	TREASURER	2.00	Officer Director	$0	$0	$0
JIM ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE SHAFFER	DIRECTOR	2.00	Director	$0	$0	$0
MATT SINK	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA WALDRON	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE WHITE	DIRECTOR	2.00	Director	$0	$0	$0
EMILY MANN	EXECUTIVE DI	40.00	Officer	$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	$777,338	$732,853	$661,626	$44,485
2023	$641,020	$607,405	$626,953	$33,615
2022	$465,473	$459,908	$622,404	$5,565
2021	$500,022	$361,736	$359,393	$138,286
2020	$365,268	$308,014	$220,850	$57,254
2019	$369,222	$337,130	$162,117	$32,092
2018	$343,387	$339,172	$214,591	$4,215

HORSEPOWER INC