PURPLE HAZE STANDARDBRED ADOPTION PROGRAM INC (EIN 832327026) - 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

2019

Legal Domicile

Principal Officer

WANDA POLISSENI

Phone

6078432299

Tax Period

2023-01-01 to 2023-12-31

PURPLE HAZE STANDARDBRED ADOPTION PROGRAM INC, founded in 2019, is a small nonprofit in the Animal-Related sector that reported $241K in total revenue in fiscal year 2023. Expenses of $284K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ENSURE THAT RETIRED STANDARDBRED HORSES FIND A SECOND CALLING AND PROFESSION THROUGH REHABILITATION, EDUCATION CONCERNING ADOPTION AND COMMUNITY OUTREACH, AND HUMANE ALTERNATIVES.

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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 $165,508

Program Service Revenue $74,127

Investment Income $0

Other Revenue $1,381

TOTAL REVENUE $241,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,666

Fundraising Expenses $0

Program Expenses $275,882

Other Expenses $153,854

TOTAL EXPENSES $283,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,016	$227,523	+0.1%
Expenses	$283,520	$236,430	+0.2%
Net Income	$-42,504	$-8,907	+3.8%

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
WANDA POLISSENI	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL KELLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID HANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANCES BLAZER	TREASURER	1.00	Officer Director	$0	$0	$0
CLAIRE CHAPPELL	DIRECTOR	1.00	Director	$0	$0	$0
RITA SCHARMAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB BONI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GUTNICK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CONNOR	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$241,016	$283,520	$369,372	$-42,504
2022	$227,523	$236,430	$380,776	$-8,907

PURPLE HAZE STANDARDBRED ADOPTION PROGRAM INC