Forever Morgans Rescue Inc
Nonprofit profile at a glance
- EIN
- 454935830
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Castleton, VT, USA
- Phone
- 8446746477
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $24,430
- Expenses
- $45,648
- Assets
- $46,169
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Patricia Jumonville (President)
- Christine Pennington (Vice President)
- Suzanne Edmonds (Executive Director)
People named in this filing
- Patricia Jumonville (President)
- Christine Pennington (Vice President)
- Suzanne Edmonds (Executive Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Forever Morgans (FM) is an all volunteer agency whose sole purpose is as a resource for Morgan horses in need. In 2024 FM rescued 5 horses and adopted out 4 horses. Horses go through evaluations to see where placement is best. Adopters go through reference checks. Horses are maintained in foster homes or at a boarding barn until released to an approved adopter. The majority of expenses are for the medical care, transportation, boarding, and farrier services.
What it reported doing in 2024
In 2024, FM saved 5 horses from slaughter. Four horses were placed with approved adoptive homes. Rescued horses from previous years continued to be fostered.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -86.9%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: -11.5% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $45K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.