Kingsport Thoroughbreds Inc
Nonprofit profile at a glance
- EIN
- 811667136
- IRS 990-EZ coverage
- 2017–2021
- Forms available
- Form 990-EZ 2021
- Location
- Fort Mcdowell, AZ, USA
- Phone
- 4802029545
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $22,050
- Expenses
- $25,013
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ANGELA MCMULLIN (PRESIDENT/SE)
People named in this filing
- ANGELA MCMULLIN (PRESIDENT/SE)
- BLAKE MCNABB (DIRECTOR)
- MICHELE GEATLY (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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The specific purposes of the corporation are to protect horses from inhumane slaughter, starvation, irresponsible treatment, and cruelty; to provide proper, long-term care for the horses; to promote and ensure long- term physical, mental and emotional health; to provide rehabilitation and retraining-focused services for horses in order to facilitate the re-homing and adoption process to qualified homes; as well as to offer equine assisted activities for personal growth and equine education for the community.
What it reported doing in 2021
Save horses from slaughter, retrain and rehabilitate
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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 19
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.6%; rating input score 100
- Program expense ratio: 87.8%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.4%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -28% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -30.6% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: -32.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 99.6% of revenue deployed · 87.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $22K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2017 to 2021
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.