HORSES WITH HEART INC (EIN 860735678) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

ANNE SPIESS

Phone

9285339178

Tax Period

2024-01-01 to 2024-12-31

HORSES WITH HEART INC, founded in 1993, is a small nonprofit in the Health Care sector that reported $554K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $532K left a modest 4% surplus.

Mission

TO PROVIDE A SAFE, THERAPEUTIC EQUINE EXPERIENCE PROVIDED BY CREDENTIALED STAFF FOR PEOPLE WITH DISABILITIES THAT FOSTERS THEIR CONFIDENCE AND DIGNITY WHILE CHALLENGING EACH PARTICIPANT TO DEVELOP INDEPENDENT SKILLS AT THEIR OWN LEVEL OF ABILITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $398,399

Program Service Revenue $70,732

Investment Income $292

Other Revenue $84,176

TOTAL REVENUE $553,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,529

Fundraising Expenses $74,496

Program Expenses $367,732

Other Expenses $267,922

TOTAL EXPENSES $532,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,599	$585,572	-0.1%
Expenses	$532,451	$413,635	+0.3%
Net Income	$21,148	$171,937	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$72,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE SPIESS	EXECUTIVE DIRECTOR	40.00	Officer	$72,500	$0	$72,500
MADELYN MELCHIORS	DIRECTOR	5.00	Director	$0	$0	$0
MARY SMITH	DIRECTOR	5.00	Director	$0	$0	$0
TRUDY CHAPMAN-RADLEY	DIRECTOR	5.00	Director	$0	$0	$0
GLORIA REID	DIRECTOR	5.00	Director	$0	$0	$0
BONNIE MOREAU	SECRETARY	5.00	Officer	$0	$0	$0
HELEN COLLINS	TREASURER	5.00	Officer	$0	$0	$0
MICHAEL ZENNER	PRESIDENT	5.00	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	$553,599	$532,451	$1,003,458	$21,148
2023	$585,572	$413,635	$991,478	$171,937
2022	$413,666	$322,865	$569,281	$90,801
2021	$334,774	$242,641	$493,794	$92,133
2019	$194,113	$146,856	$389,096	$47,257

HORSES WITH HEART INC