FLORIDA RESEARCH INST FOR EQUINE NURTURING DEVELOPMENT & SAFETY INC

EIN: 592825751 501(c)(3)

FT LAUDERDALE, FL

Total Revenue
$830,125
Total Expenses
$511,506
Total Assets
$495,132
Net Assets
$495,132
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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
1987
Legal Domicile
FL
Principal Officer
DEBRA BEYE BARWICK
Phone
9544920168
Tax Period
2024-01-01 to 2024-12-31

FLORIDA RESEARCH INST FOR EQUINE NURTURING DEVELOPMENT & SAFETY INC, founded in 1987, is a small nonprofit that reported $830K in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $319K, a strong 38% operating margin.

Mission

THE RESCUE AND CARE OF SICK/ORPHANED HORSES INCLUDING PROVIDING FOOD, HOUSING, AND MEDICAL CARE.

Program Service Accomplishments

Program 1
Expenses: $461,646 Revenue: $5,235

ANIMAL PROTECTION AND WELFARE PROGRAMS INCLUDING THE RESCUE OF ABANDONED, ABUSED, AND SICK HORSES. A MINIMUM OF 50 HORSES ARE HOUSED AT ANY GIVEN TIME WITHOUT WHICH THESE ANIMALS WOULD BE DESTROYED...

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ANIMAL PROTECTION AND WELFARE PROGRAMS INCLUDING THE RESCUE OF ABANDONED, ABUSED, AND SICK HORSES. A MINIMUM OF 50 HORSES ARE HOUSED AT ANY GIVEN TIME WITHOUT WHICH THESE ANIMALS WOULD BE DESTROYED WHEN THEY HAVE MANY YEARS OF LOVE AND SERVICE AVAILABLE. THE ORGANIZATION ALSO PROVIDES COMMUNITY AWARENESS AND EDUCATION ON THEIR GOALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $824,890
Program Service Revenue $5,235
Investment Income $0
Other Revenue $0
TOTAL REVENUE $830,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $23,152
Program Expenses $461,646
Other Expenses $511,506
TOTAL EXPENSES $511,506

Year-over-Year Comparison

2024 2023 Change
Revenue $830,125 $385,435 +1.2%
Expenses $511,506 $381,984 +0.3%
Net Income $318,619 $3,451 +91.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
725

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BARWICK PRESIDENT 38.00
Officer Director
$0 $0 $0
SANDRA CUTELL SMITH VICE PRESIDE 2.00
Officer Director
$0 $0 $0
FAITH YOUNG BEYE SECRETARY 1.00
Officer Director
$0 $0 $0
DEBRA BEYE BARWICK TREASURER 2.00
Officer Director
$0 $0 $0
DR JW HILTON DVM BOARD MEMBER N/A
Director
$0 $0 $0
GABRIELA FUDALLY BOARD MEMBER N/A
Director
$0 $0 $0
STEPHANIE GRECO BOARD MEMBER 2.00
Director
$0 $0 $0
LISA BERGER BOARD MEMBER N/A
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 $830,125 $511,506 $495,132 $318,619
2023 $385,435 $381,984 $176,513 $3,451
2022 $365,691 $354,502 $173,062 $11,189
2021 $380,590 $325,495 $161,873 $55,095
2020 $412,030 $359,941 $106,778 $52,089
2019 $337,891 $343,851 $54,689 $-5,960
2018 $412,814 $370,455 $60,649 $42,359
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