Sound Equine Options
EIN: 271064431 · Gresham, OR · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $674K |
| Total Expenses | $694K |
| Net Assets | $590K |
Is Sound Equine Options Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sound Equine Options
Sound Equine Options (EIN: 271064431) is a nonprofit organization based in Gresham, OR, classified under NTEE code D20. The organization reported total revenue of $674K and total assets of $637K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sound Equine Options's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sound Equine Options is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $638K |
| Total Expenses | $694K |
| Surplus / Deficit | $-56,453 |
| Total Assets | $611K |
| Total Liabilities | $21K |
| Net Assets | $590K |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 10.6 months |
Financial Health Grade: B
In 2023, Sound Equine Options reported a deficit of $56K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sound Equine Options's revenue has grown at a compound annual growth rate (CAGR) of 32.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.7% | +12.2% | -8.2% |
| 2022 | -49.1% | +9.1% | -19.8% |
| 2021 | +7.1% | +11.6% | +53.8% |
| 2020 | +63.4% | +27.6% | +145.9% |
| 2019 | +107.8% | +48.0% | +126.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sound Equine Options has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sound Equine Options with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Sound Equine Options
Is Sound Equine Options a legitimate charity?
Sound Equine Options (EIN: 271064431) is a registered tax-exempt nonprofit based in Oregon. It has 13 years of IRS 990 filings on record. Total revenue: $674K. No red flags identified. Financial health grade: B.
How does Sound Equine Options spend its money?
Sound Equine Options reported $674K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sound Equine Options tax-deductible?
Sound Equine Options is registered as a tax-exempt nonprofit (EIN: 271064431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sound Equine Options located?
Sound Equine Options is headquartered in Gresham, Oregon and files with the IRS under EIN 271064431. It is classified under NTEE code D20.
How many years of IRS 990 filings does Sound Equine Options have?
Sound Equine Options has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $674K in total revenue.
Filing History
IRS 990 filing history for Sound Equine Options showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sound Equine Options's revenue has grown by 2935.7%, moving from $21K to $638K. Total assets increased by 6360.9% over the same period, from $9K to $611K. Total functional expenses rose by 4189.5%, from $16K to $694K. In its most recent filing year (2023), Sound Equine Options reported a deficit of $56K, with expenses exceeding revenue. The organization holds $21K in liabilities against $611K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $590K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $638K | $694K | $611K | $21K | — | View 990 |
| 2022 | $447K | $619K | $666K | $19K | — | View 990 |
| 2021 | $878K | $567K | $831K | $13K | — | View 990 |
| 2020 | $820K | $508K | $540K | $33K | — | View 990 |
| 2019 | $502K | $398K | $220K | $24K | — | — |
| 2018 | $241K | $269K | $97K | $4K | — | View 990 |
| 2017 | $267K | $192K | $121K | $781 | — | — |
| 2016 | $175K | $197K | $50K | $2K | — | View 990 |
| 2015 | $201K | $168K | $71K | $1K | — | View 990 |
| 2014 | $198K | $181K | $38K | $780 | — | View 990 |
| 2013 | $148K | $149K | $20K | $0 | — | View 990 |
| 2012 | $82K | $70K | $22K | $427 | — | View 990 |
| 2011 | $21K | $16K | $9K | $195 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $638K, expenses of $694K, and assets of $611K (revenue +42.7% year-over-year).
- 2022: Revenue of $447K, expenses of $619K, and assets of $666K (revenue -49.1% year-over-year).
- 2021: Revenue of $878K, expenses of $567K, and assets of $831K (revenue +7.1% year-over-year).
- 2020: Revenue of $820K, expenses of $508K, and assets of $540K (revenue +63.4% year-over-year).
- 2019: Revenue of $502K, expenses of $398K, and assets of $220K (revenue +107.8% year-over-year).
- 2018: Revenue of $241K, expenses of $269K, and assets of $97K (revenue -9.5% year-over-year).
- 2017: Revenue of $267K, expenses of $192K, and assets of $121K (revenue +52.6% year-over-year).
- 2016: Revenue of $175K, expenses of $197K, and assets of $50K (revenue -13.2% year-over-year).
- 2015: Revenue of $201K, expenses of $168K, and assets of $71K (revenue +1.8% year-over-year).
- 2014: Revenue of $198K, expenses of $181K, and assets of $38K (revenue +33.2% year-over-year).
- 2013: Revenue of $148K, expenses of $149K, and assets of $20K (revenue +81.4% year-over-year).
- 2012: Revenue of $82K, expenses of $70K, and assets of $22K (revenue +289.3% year-over-year).
- 2011: Revenue of $21K, expenses of $16K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sound Equine Options:
Data Sources and Methodology
This transparency report for Sound Equine Options is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.