GODSPEED EQUINE (EIN 824194898) - 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

2018

Legal Domicile

Principal Officer

AL LORENZEN

Phone

5157390073

Tax Period

2023-01-01 to 2023-12-31

GODSPEED EQUINE, founded in 2018, is a small nonprofit that reported $443K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 56% operating margin.

Mission

GODSPEED EQUINE PROVIDES HOPE, HEALING AND OPPORTUNITIES FOR EMOTIONAL GROWTH TO PEOPLE OF ALL AGES USING HORSES AND THE LOVE OF JESUS.

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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 $403,523

Program Service Revenue $0

Investment Income $929

Other Revenue $38,597

TOTAL REVENUE $443,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,460

Other Expenses $197,012

TOTAL EXPENSES $197,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$443,049	$215,533	+1.1%
Expenses	$197,012	$124,132	+0.6%
Net Income	$246,037	$91,401	+1.7%

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
KIMMY SCHIMEK	Director	1.00	Director	$0	$0	$0
MARK EHRESMAN	Director	1.00	Director	$0	$0	$0
CLARENCE HUDSON	Director	1.00	Director	$0	$0	$0
PAT QUAID	Director	1.00	Director	$0	$0	$0
MATT SCHIMEK	Director	1.00	Director	$0	$0	$0
AL LORENZEN	President	20.00	Officer	$0	$0	$0
KELLY LORENZEN	Secretary	40.00	Officer	$0	$0	$0
DWAYNE VANDE KROL	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$443,049	$197,012	$963,670	$246,037
2022	$215,533	$124,132	$718,964	$91,401
2021	$285,060	$86,008	$609,599	$199,052

GODSPEED EQUINE