Southern Redhead Farms Rescue

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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

2016

Legal Domicile

Principal Officer

SUSAN SPIVEY-O'NEAL

Phone

3522225643

Tax Period

2022-01-01 to 2022-12-31

Southern Redhead Farms Rescue, founded in 2016, is a small nonprofit in the Animal-Related sector that reported $232K in total revenue in fiscal year 2022.

Mission

To rescue, rehabilitate and rehome neglected and abused equine in 2019 The average number of horses at the rescue for 2019 was 38. The rescue also helps owners that are experiencing financial hardship.

Program Service Accomplishments

Program 1

Expenses: $253,369

The rescue and rehabilitation of 36 equines and continued care of 40 other 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 (2022)

Revenue Breakdown

Contributions & Grants $155,363

Program Service Revenue $19,950

Investment Income $56,414

Other Revenue $50

TOTAL REVENUE $231,777

Expense Breakdown

Grants Paid $500

Salaries & Benefits $108,132

Fundraising Expenses $300

Program Expenses $253,369

Other Expenses $144,737

TOTAL EXPENSES $253,369

Year-over-Year Comparison

	2022	2021	Change
Revenue	$231,777	$224,676	+0.0%
Expenses	$253,369	$220,254	+0.2%
Net Income	$-21,592	$4,422	-5.9%

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
JOHN P O'NEAL	President	N/A	Officer	$0	$0	$0
CHRISTINA RIGGIO	Treasurer	N/A	Officer	$0	$0	$0
LORI HATCHER	Secretary	N/A	Officer	$0	$0	$0
NICHOLE STEADMAN	Director	N/A	Director	$0	$0	$0
GINA SPIVEY-NOBLES	Director	N/A	Director	$0	$0	$0
VICTORIA CACCAVONE	Vet Representative	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
2022	$231,777	$253,369	$23,437	$-21,592
2021	$224,676	$220,254	$20,756	$4,422
2020	$201,278	$195,012	$16,334	$6,266