Friends of Horses Rescue and Adoption Inc (EIN 753134039) - 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

2003

Legal Domicile

Phone

3036491155

Tax Period

2023-01-01 to 2023-12-31

Friends of Horses Rescue and Adoption Inc, founded in 2003, is a micro nonprofit in the Animal-Related sector that reported $18K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 46% operating deficit.

Mission

FOHRAA is dedicated to community service, therapeutic riding and providing a humane alternative for abandoned, abused, unwanted, neglected or slaughter-bound horses.

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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 $233

Program Service Revenue $17,370

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,624

Other Expenses $25,624

TOTAL EXPENSES $25,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,603	$24,732	-0.3%
Expenses	$25,624	$30,189	-0.2%
Net Income	$-8,021	$-5,457	+0.5%

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

N/A

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
William Stiffler	Executive Director	50.00	Officer Director Key Emp	$0	$0	$0
Karen Zaczkowski	Director	40.00	Director Key Emp	$0	$0	$0
Carissa Stiffler	Manager	40.00	Director Key Emp	$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	$17,603	$25,624	$10,799	$-8,021
2022	$24,732	$30,189	$53,853	$-5,457
2021	$50,343	$71,523	$47,427	$-21,180
2020	$48,912	$54,861	$49,518	$-5,949

Friends of Horses Rescue and Adoption Inc