SIRE INC (EIN 742168515) - 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

1985

Legal Domicile

Principal Officer

Joe Wappelhorst

Phone

2813567588

Tax Period

2024-07-01 to 2025-06-30

SIRE INC, founded in 1985, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

Providing a community where horses help people with disabilities and challenges to live their best life.

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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 $1,262,875

Program Service Revenue $403,464

Investment Income $9,067

Other Revenue $23,261

TOTAL REVENUE $1,698,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $960,057

Fundraising Expenses $220,574

Program Expenses $1,510,970

Other Expenses $1,036,910

TOTAL EXPENSES $1,996,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,698,667	$1,556,540	+0.1%
Expenses	$1,996,967	$1,913,164	+0.0%
Net Income	$-298,300	$-356,624	-0.2%

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

Volunteers

300

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

$120,210

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Wappelhorst	Executive Director	40	Key Emp Highest	$120,210	$0	$120,210
Jennifer Smart	Board Member	0	Director	$0	$0	$0
Andrea Fry	Board Member	2	Director	$0	$0	$0
Kevin Calderon	Board Member	2	Director	$0	$0	$0
Malori Callahan	Board Member	2	Director	$0	$0	$0
Eddie Lasker	Board Member	2	Director	$0	$0	$0
Kelsie Knight	Board Member	2	Director	$0	$0	$0
Marco Blanco	Board Member	2	Director	$0	$0	$0
Trent DeFrates	Board Member	2	Director	$0	$0	$0
Pat Roddy	Board Member	2	Director	$0	$0	$0
Marla Wortman	Board Member	2	Director	$0	$0	$0
Michelle Buchanan	Board Member	2	Director	$0	$0	$0
Juliana Lilly	Board member	2	Director	$0	$0	$0
Barbara Migl	Vice-President	2	Officer	$0	$0	$0
Darren Lehmann	President	5	Officer	$0	$0	$0
Julia Ingram	Treasurer	2	Officer	$0	$0	$0
Bryan Nelson	Secretary	2	Officer	$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	$1,698,667	$1,996,967	$7,478,332	$-298,300
2024	$1,556,540	$1,913,164	$7,863,348	$-356,624
2023	$2,777,804	$1,605,126	$8,289,976	$1,172,678
2022	$2,454,023	$1,409,620	$7,333,536	$1,044,403
2021	$3,231,477	$1,265,338	$3,337,437	$1,966,139
2020	$1,291,178	$1,180,599	$1,496,084	$110,579
2019	$1,371,233	$1,135,657	$1,274,945	$235,576

SIRE INC