HORSE FARM WORKERS' EDUCATIONAL ASSISTANCE FUND INC (EIN 611275397) - 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

1994

Legal Domicile

Principal Officer

TOM EVANS

Phone

8592775591

Tax Period

2023-01-01 to 2023-12-31

HORSE FARM WORKERS' EDUCATIONAL ASSISTANCE FUND INC, founded in 1994, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2023. The organization ran a surplus of $25K, a strong 28% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND GUIDANCE TO CHILDREN OF HORSE FARM WORKERS FOR EDUCATION AFTER HIGH SCHOOL

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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 (2023)

Revenue Breakdown

Contributions & Grants $66,723

Program Service Revenue $0

Investment Income $22,451

Other Revenue $0

TOTAL REVENUE $89,174

Expense Breakdown

Grants Paid $33,018

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,179

Other Expenses $31,219

TOTAL EXPENSES $64,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,174	$88,526	+0.0%
Expenses	$64,237	$70,218	-0.1%
Net Income	$24,937	$18,308	+0.4%

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

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
TOM EVANS	PRESIDENT	0.50	Director	$0	$0	$0
DAN PRIDE	VICE-PRESIDENT	0.50	Director	$0	$0	$0
JUDGE B WILSON II	SECRETARY	0.50	Director	$0	$0	$0
MARY RYAN	TREASURER	0.50	Director	$0	$0	$0
CHET BLACKEY DVM	DIRECTOR	0.50	Director	$0	$0	$0
STUART POLLARD	DIRECTOR	0.50	Director	$0	$0	$0
ROB WHITELEY	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$89,174	$64,237	$631,119	$24,937
2022	$88,526	$70,218	$608,347	$18,308
2021	$108,273	$91,170	$596,946	$17,103
2020	$88,281	$113,530	$605,634	$-25,249
2019	$148,860	$120,496	$660,914	$28,364
2018	$100,486	$134,350	$558,812	$-33,864

HORSE FARM WORKERS' EDUCATIONAL ASSISTANCE FUND INC