OXFORD, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO ENSURE THAT RETIRED STANDARDBRED HORSES FIND A SECOND CALLING AND PROFESSION THROUGH REHABILITATION, EDUCATION CONCERNING ADOPTION AND COMMUNITY OUTREACH, AND HUMANE ALTERNATIVES.
IN 2023, THE ORGANIZATION INCREASED DONATION AND PROGRAM REVENUE BY OVER $13,000 FROM THE PRIOR YEAR.
THE ORGANIZATION WAS RE-ACCREDITED IN YEAR 2023 BY THE STANDARDBRED TRANSITION ALLIANCE (STA), A NATIONAL PROGRAM THAT VALIDATES BEST PRACTICES FOR NON-PROFIT ENTITIES. UPON INSPECTION AND MONITORING...
THE ORGANIZATION WAS RE-ACCREDITED IN YEAR 2023 BY THE STANDARDBRED TRANSITION ALLIANCE (STA), A NATIONAL PROGRAM THAT VALIDATES BEST PRACTICES FOR NON-PROFIT ENTITIES. UPON INSPECTION AND MONITORING OF CHARITABLE BUSINESS PRACTICES AND HORSE MANAGEMENT PRACTICES, AS WELL AS A REVIEW OF PROFESSIONAL ETHICS THE ORGANIZATION HAS DISPLAYED BOTH GENERALLY AND IN PROMOTION AND PUBLICITY EFFORTS, THE ANNUAL ACCREDITATION VALIDATES OPERATIONS AND GIVES SUPPORTERS CONFIDENCE THAT THEIR MONIES ARE BEING USED IN THE MOST BENEFICIAL WAYS.
THERE HAS BEEN A CONCENTRATED EFFORT TO PROMOTE SECOND CAREERS FOR THE STANDARDBRED HORSE AFTER RACING. PROMOTIONAL ATTENDANCE AT EQUINE EVENTS TO SHOWCASE THE PROGRAM AND THE HORSES AVAILABLE HAS...
THERE HAS BEEN A CONCENTRATED EFFORT TO PROMOTE SECOND CAREERS FOR THE STANDARDBRED HORSE AFTER RACING. PROMOTIONAL ATTENDANCE AT EQUINE EVENTS TO SHOWCASE THE PROGRAM AND THE HORSES AVAILABLE HAS RESULTED IN MORE EXPOSURE AND 21 MORE ADOPTIONS IN 2023 COMPARED TO THE PRIOR YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare PURPLE HAZE STANDARDBRED ADOPTION PROGRAM INC with other nonprofits in New York and across the country.