HORSE PROTECTION SOCIETY OF NC INC (EIN 562122078) - 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

1999

Legal Domicile

Principal Officer

JOANIE BENSON

Phone

7048552978

Tax Period

2024-06-01 to 2025-05-31

HORSE PROTECTION SOCIETY OF NC INC, founded in 1999, is a small nonprofit in the Animal-Related sector that reported $253K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $228K left a modest 10% surplus.

Mission

TO MAKE THE WORLD A BETTER PLACE FOR HORSES THROUGH EDUCATION, RESCUE, AND REHABILITATION. HPS PROVIDES A SANCTUARY OF LAST RESORT FOR UNWANTED, NEGLECTED, AND ABUSED EQUINE.

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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 $228,764

Program Service Revenue $0

Investment Income $22,261

Other Revenue $2,451

TOTAL REVENUE $253,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $302

Program Expenses $206,714

Other Expenses $228,205

TOTAL EXPENSES $228,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,476	$200,922	+0.3%
Expenses	$228,205	$200,740	+0.1%
Net Income	$25,271	$182	+137.9%

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

N/A

Employees

N/A

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
JOAN BENSON	Executive Mbr	65.00	Director	$0	$0	$0
JUDY SMITH	Treasurer	4.00	Director	$0	$0	$0
SUSAN PARKER	Secretary	2.00	Director	$0	$0	$0
CHRISTINA SMITH	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBYN MARTIN	BOARD MEMBER	3.00	Director	$0	$0	$0
KIM WRENN	Executive Mbr	3.00	Director	$0	$0	$0
KELLY MORAN-BROWN	Executive Mbr	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
2025	$253,476	$228,205	$714,984	$25,271
2024	$200,922	$200,740	$685,656	$182
2023	$208,887	$221,107	$685,582	$-12,220
2022	$246,289	$214,323	$703,331	$31,966
2021	$216,420	$163,803	$674,740	$52,617
2020	$160,684	$167,479	$613,556	$-6,795
2019	$155,695	$182,940	$619,004	$-27,245

HORSE PROTECTION SOCIETY OF NC INC