FRIENDS OF HORSESHOE LAKE INC (EIN 873535169) - 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

2021

Legal Domicile

Principal Officer

ILANA HOROWITZ RATNER

Phone

2167898797

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HORSESHOE LAKE INC, founded in 2021, is a small nonprofit in the Environment sector that reported $201K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ADVOCATE FOR THE RESTORATION AND MAINTENANCE OF HORSESHOE LAKE.

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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 $200,645

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,648

Other Expenses $224,316

TOTAL EXPENSES $224,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,645	$344,803	-0.4%
Expenses	$224,316	$302,327	-0.3%
Net Income	$-23,671	$42,476	-1.6%

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

N/A

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
ILANA HOROWITZ RATNER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PENELOPE ALLEN	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER RICHTER	TREASURER	1.00	Officer Director	$0	$0	$0
ALBERT STRATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GOLDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
HAL MADORSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BAUDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDGE KENNETH CALLAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE HEGGIE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAYDIE HELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER HELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL KANNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MADORSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
KORBI ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY WEINFURTNER	BOARD MEMBER	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
2023	$200,645	$224,316	$40,292	$-23,671
2022	$344,803	$302,327	$63,963	$42,476

FRIENDS OF HORSESHOE LAKE INC