Mitchell Farm Equine Retirement Inc

EIN: 562495790 501(c)(3) Animal-Related

Salem, CT

Total Revenue
$376,607
Total Expenses
$353,147
Total Assets
$44,411
Net Assets
$33,960
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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
2005
Legal Domicile
CT
Principal Officer
Diana Doolittle
Phone
8603038705
Tax Period
2025-01-01 to 2025-12-31

Mitchell Farm Equine Retirement Inc, founded in 2005, is a small nonprofit in the Animal-Related sector that reported $377K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $353K left a modest 6% surplus.

Mission

Provide safe and comfortable lifetime sanctuary for unwanted equines and offer educational opportunities on equine welfare and management

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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 (2025)

Revenue Breakdown

Contributions & Grants $370,923
Program Service Revenue $0
Investment Income $0
Other Revenue $5,684
TOTAL REVENUE $376,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,691
Fundraising Expenses $2,932
Program Expenses $353,147
Other Expenses $241,456
TOTAL EXPENSES $353,147

Year-over-Year Comparison

2025 2024 Change
Revenue $376,607 $337,992 +0.1%
Expenses $353,147 $331,865 +0.1%
Net Income $23,460 $6,127 +2.8%
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
8
Independent Members
8
Employees
6
Volunteers
54

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HUGH MCKENNEY President 6.00
Officer Director
$0 $0 $0
LORIELLEN WESOLOWSKI SecretaryTreasurer 6.00
Officer Director
$0 $0 $0
CHERYL MILLER Director 6.00
Director
$0 $0 $0
L PAGE HESLIN director 3.00
Director
$0 $0 $0
BARRY FAMILETTO Director 3.00
Director
$0 $0 $0
LIZ DOERING Director 3.00
Director
$0 $0 $0
ALYSSON RAVOSA Director 6.00
Director
$0 $0 $0
MARY K STALSBURG Director 6.00
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 $376,607 $353,147 $44,411 $23,460
2024 $337,992 $331,865 $32,739 $6,127
2023 $305,628 $329,045 $41,485 $-23,417
2023 $305,628 $329,045 $41,485 $-23,417
2022 $345,661 $322,432 $52,475 $23,229
2022 $345,661 $322,432 $46,741 $23,229
2021 $261,933 $292,847 $41,801 $-30,914
2020 $285,861 $274,899 $62,122 $10,962
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