Heartspace Horse Sanctuary
Nonprofit profile at a glance
- EIN
- 824009841
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2020
- Location
- Redmond, OR, USA
- Phone
- 5036797170
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $124,308
- Expenses
- $79,701
- Assets
- $9,401
- Liabilities
- $2,225
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Melanie Monge (President)
- Debby Radakovich (Vice President)
People named in this filing
- Melanie Monge (President)
- Debby Radakovich (Vice President)
- Kate Chapman (Treasurer)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
HeartSpace Horse Sanctuary provides forever homes for a select number of horses that have suffered from trauma, healing their Body, Mind & Spirit through proper nutrition and Holistic care. Interactions from the space of the heart provide healing & inspiration for all, whether horse or human.
What it reported doing in 2025
Sanctuary and Healing for Horses, Education for the Community, Holistic Practices.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Sustainability: 53
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.1%; rating input score 64
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 35.9%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 14.1% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: -29.2% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 64.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $80K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- 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: Total-asset coverage ratio scored 13/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.