Manakin Equine Retirement Association

Nonprofit profile at a glance

EIN
833441281
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023, Form 990-N 2021
Location
Manakin Sabot, VA, USA
Phone
8043669777
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Animal Training, Behavior

Reported finances

Revenue
$178,922
Expenses
$177,723
Assets
$29,149
Liabilities
$61,775

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Bruce Anderson (President)

People named in this filing

  • Bruce Anderson (President)
  • Elizabeth Hall (Director)
  • David Blankley (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide a safe and dignified home for retired and unwanted horses and donkeys. Train local students in equestrian sports.

What it reported doing in 2023

Provided the care and upkeep for twenty-four equines, including eleven retired or unwanted horses, ponies, and a donkey. This care consisted of daily feed/hay, stall cleaning, turnout, farrier, veterinary care, and physical rehabilitation. We also provided 412 horseback riding lessons to local children and adults.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
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

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 32
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.5%; rating input score 32
  • Program expense ratio: 32.7%; rating input score 33

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0.7%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 2.12; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -93.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 32.3% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 126.8% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 32.5% of revenue deployed · 32.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 33/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.