Spirit Run Equine Rescue
Nonprofit profile at a glance
- EIN
- 475200257
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Gilmer, TX, USA
- Phone
- 9033314011
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $103,454
- Expenses
- $64,534
- Assets
- $53,515
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Angela Parham (President)
People named in this filing
- Tori Frazier (Director)
- Kristy Edwards (Director)
- Kevin Parham (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The rescue, rehabilitation and rehoming of equine.
What it reported doing in 2024
The rescue was able to help 14 horses in 2024. There was much time spent with people and their horses working through problems to make it possible to keep the horse in the home. Services provided were chiropractor, dentist, farrier, training, vet, euthanasia and burial assistance, consultations on problem horses and how to feed older horses correctly. Three horses were rescued. We took in beautiful Boone. He was painfully thin and had laminitis that left him rotated over 20 degrees. We also took in Rocky and COCO, who were standing in 16 inches of mud in their paddock. We helped find homes for 11 horses outside of our care. Simply putting people together and spreading the word helps so much. Also, Griffin has found his forever home with SRER. Two years ago we found him at a kill pen. He was 300 pounds underweight, missing an eye, had a respiratory infection and worms. He hung his head low and drug his feet when he walked. He was traumatized and unsure about life, yet not untrusting. Although he was scared, he was open. Now he is thriving. A Tyler TV station sent a reporter to interview Angela and Griffin in 2020. The article can be found at Tylerpaper.com "Rescue horse recovers from mistreatment and neglect". There has even been a children's book written about him "Griffin, A Rescue Story". The book's author is Gina Leatherman and can be purchased on Amazon.
Operating model
- Revenue model
- Donor-supported. 99% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Sustainability: 73
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 96.2%; rating input score 96
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: 37.6%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -5.6% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: 22% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 135.9% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 60% of revenue deployed · 96.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $62K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.