FLORIDA RESEARCH INST FOR EQUINE NURTURING DEVELOPMENT & SAFETY INC (EIN 592825751) - 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

1987

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

FLORIDA RESEARCH INST FOR EQUINE NURTURING DEVELOPMENT & SAFETY INC