Save a Forgotten Equine

Nonprofit profile at a glance

EIN
205825355
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Snohomish, WA, USA
Phone
3606923611
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Official website

Reported finances

Revenue
$1,702,544
Expenses
$1,034,106
Assets
$4,219,902
Liabilities
$2,199,736

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • TRISH MARKEY (PRESIDENT)
  • AMANDA MADORNO (VICE PRESIDENT)
  • BONNIE HAMMOND (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BONNIE HAMMOND (EXECUTIVE DIRECTOR): $100,738 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To rescue, rehabilitate and re-educate horses facing neglect or abuse and provide them with the best opportunity for a permanant home and a lifetime of safety.

What it reported doing in 2025

Direct intervention horse rescue: rescue and rehabilitation of abused and neglected horses, re-educating as needed and rehoming into permanent homes. In 2025, safe cared for 50 horses in total, with 16 new intakes, 1 horse born here, 15 horses adopted, and 6 horses humanely euthanized.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59%; rating input score 59
  • Program expense ratio: 92.9%; rating input score 93
  • Fundraising efficiency: $50.23 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39.3%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 4.08; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 14.2% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 25% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 59% of revenue deployed · 92.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $961K in reported program spending
  • Leadership: top reported pay $101K · 11 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2012 to 2025
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.