HORSESHOE BAY FARMS INC (EIN 825517199) - 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

LORI NICHOLAS

Phone

4146598348

Tax Period

2024-01-01 to 2024-12-31

HORSESHOE BAY FARMS INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $615K represent 50 months of operating reserves.

Mission

THE MISSION IS TO ACT AS A RESPONSIBLE STEWARD THROUGH PRESERVATION, REHABILITATION, AND ACTIVATION OF HISTORIC HORSESHOE BAY FARMS TO SECURE ITS FUTURE FOR GENERATIONS TO COME.

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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 $120,245

Program Service Revenue $11,199

Investment Income $0

Other Revenue $15,824

TOTAL REVENUE $147,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,283

Fundraising Expenses $4,128

Program Expenses $97,692

Other Expenses $103,389

TOTAL EXPENSES $144,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,268	$233,572	-0.4%
Expenses	$144,672	$125,821	+0.1%
Net Income	$2,596	$107,751	-1.0%

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

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
LORI NICHOLAS	PRESIDENT/TR	10.00	Officer Director	$0	$0	$0
DAVID NICHOLAS	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
ANDREW GILL	DIRECTOR	2.00	Director	$0	$0	$0
MARY KAY BRAZA	DIRECTOR	5.00	Director	$0	$0	$0
DAN HARNOIS	SECRETARY	10.00	Officer 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	$147,268	$144,672	$615,446	$2,596
2023	$233,572	$125,821	$612,579	$107,751
2022	$147,458	$153,376	$596,844	$-5,918
2021	$135,223	$109,180	$604,936	$26,043
2020	$61,200	$53,186	$580,100	$8,014
2019	$14,750	$28,111	$567,666	$-13,361
2018	$499,902	$8,303	$569,189	$491,599

HORSESHOE BAY FARMS INC