Sea Star Horse Sanctuary
Nonprofit profile at a glance
- EIN
- 823657119
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Carmel, CA, USA
- Phone
- 8315952185
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $192,062
- Expenses
- $199,947
- Assets
- $354
- Liabilities
- $6,389
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Sharon Regan (President & CEO)
People named in this filing
- Sharon Regan (President & CEO)
- Rodney Hunter (Secretary)
- Roberta Hunter (CFO)
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
Sea Star Horse Sanctuary will rescue, rehabilitate and provide lifetime sanctuary to horses & ponies at risk of needless slaughter, who are old and/or injured, or who have been abandoned with nowhere to go. All rescued horses & ponies will receive the best of care & management throughout the remaining years of their life. Sea Star Horse Sanctuary will seek to improve the quality of life of the horses & ponies at its sanctuary by providing quality feed & veterinary care ensuring the horses are properly exercised. Sea Star Horse Sanctuary provides members of the community with unique benefit of equine-assisted learning and through its programs, fosters transformative relationships between humans and horses.
What it reported doing in 2024
Lifetime Sanctuary Program - Sea Star Horse Sanctuary takes into our permanent care, horses and ponies from guardians no longer able to care for them, horses suffering from neglect or abuse, and old and injured horses that are in danger of needless slaughter and have nowhere else to go. Each horse receives a comprehensive veterinary exam with diagnostics that includes blood work, parasite screening and radiographs. Each horse then receives the necessary medications, vaccines, deworming, dental care, specialized diets and supplements. Geriatric horses are supplied with protective leg wraps, orthopedic boots and ongoing osteoarthritis care. All horses receive regular veterinary care throughout the remainder of their lives. A group of 27 volunteers helps with daily grooming, exercise, training, holistic care, enrichment, feeding and stall cleaning.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.5%; rating input score 94
- Program expense ratio: 89.9%; rating input score 90
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: -4.1%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 18.05; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 10.3% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: -24.8% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 93.5% of revenue deployed · 89.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $180K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 24/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.