Wasabi Aftercare Fund Corp
Nonprofit profile at a glance
- EIN
- 871078609
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Gulf Breeze, FL, USA
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $41,415
- Expenses
- $33,594
- Assets
- $91,159
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Michele Kuegler (President)
- Jennifer Roytz (Vice President)
People named in this filing
- Michele Kuegler (President)
- Jennifer Roytz (Vice President)
- George Adams IV (Secretary)
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
Primary purpose of the non-profit is exclusively charitable and educational within the meaning of Section 501c3 of the Internal Revenue Code of 1986 or such other provisions of state or federal law as may from time to time be applicable. The purpose is to raise funds to insure that all thoroughbreds receive a secure and safe home when their horse racing careers end. In support of these efforts the organization seeks to educate the community at large about the post-racing careers of thoroughbreds and raise positive awareness for the programs that assist in these transitions.
What it reported doing in 2025
N A
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 19
- Transparency & Controls: 82
- Sustainability: 61
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.9%; rating input score 31
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.9%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 2.71; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -20.5% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 30.9% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- 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 31/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.