Is Horsemens Distress Fund Inc Legit? —…

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating low administrative overhead
Zero reported liabilities in all available filings, demonstrating strong financial solvency and no debt burden
Long history of IRS 990 filings (13 filings), indicating strong transparency and compliance
Healthy asset base relative to annual revenue, providing a buffer for operations

Spending Breakdown

How Horsemens Distress Fund Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Horsemens Distress Fund Inc

Is Horsemens Distress Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Horsemens Distress Fund Inc (EIN: 202442221) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Horsemens Distress Fund Inc a good charity to donate to?

Horsemens Distress Fund Inc has a Mission Score of 85/100. Revenue: $360K. Assets: $398K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Horsemens Distress Fund Inc?

The Employer Identification Number (EIN) for Horsemens Distress Fund Inc is 202442221. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Horsemens Distress Fund Inc spend its money?

Horsemens Distress Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Horsemens Distress Fund Inc's tax-exempt status?

You can verify Horsemens Distress Fund Inc's tax-exempt status using EIN 202442221 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Horsemens Distress Fund Inc demonstrates a generally stable financial position, though with fluctuating annual revenues and expenses. In the latest reported period (202312), the organization experienced a deficit, with expenses ($584,430) exceeding revenue ($511,562), leading to a decrease in assets from $359,924 in 202212 to $287,056. However, the organization consistently reports zero liabilities across all available filings, indicating a strong balance sheet free of debt. The absence of officer compensation reported in all filings suggests a volunteer-led or very lean administrative structure, which can be a positive indicator for donor confidence regarding administrative overhead.

Spending efficiency appears to be a mixed bag. While the lack of officer compensation is positive, the organization has experienced periods of significant deficits, such as in 202312 and 202112, where expenses outpaced revenue. Conversely, there were also periods of surplus, like in 202212 and 202012. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the consistent reporting of zero liabilities and the absence of executive compensation are strong indicators of financial prudence and a focus on mission over administrative enrichment.

Transparency is good given the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical financial record. The clear reporting of revenues, expenses, assets, and liabilities, along with the explicit mention of 0% officer compensation, contributes to a high level of financial transparency. The organization's consistent financial reporting allows for a clear understanding of its financial trajectory and operational scale.

Is Horsemens Distress Fund Inc Legit?

Verdict: Horsemens Distress Fund Inc appears trustworthy

Red Flags