Spirit Horse Equine Rescue & Education Center

Nonprofit profile at a glance

EIN
611555471
IRS 990-EZ coverage
2018–2025
Forms available
Form 990-EZ 2025, Form 990-N 2017
Location
Janesville, WI, USA
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Reported finances

Revenue
$83,014
Expenses
$95,135
Assets
$18,937
Liabilities
$38,647

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Dierdre Luchsinger Golberg (President)
  • Susan Peterson (Vice President)

People named in this filing

  • Dierdre Luchsinger Golberg (President)
  • Susan Peterson (Vice President)
  • Marcy Waelti (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

Rescue and rehabilitation of abused neglected unwanted and slaughter-bound equines and education in methods of Natural Horsemanship.

What it reported doing in 2025

Spirit Horse Equine Rescue & Education Center rescues abused neglected unwanted and slaughter-bound equines providing veterinary care farrier services and specialized feeding to rehabilitate each horse physically and mentally. Horses that can be sufficiently rehabilitated are placed in qualified adoptive homes; those that cannot are provided sanctuary for the duration of their lives. During the fiscal year the organization provided care to approximately 36 horses

Operating model

Revenue model
Donor-supported. 77% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 82
  • Sustainability: 19
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.3%; rating input score 98
  • Program expense ratio: 85.8%; rating input score 86

Transparency & Controls

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

Sustainability

  • Operating margin: -14.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 2.04; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 98.3% of revenue deployed · 85.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $82K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2018 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.

Key Signals

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

  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.