Volunteer Equine Advocates
Volunteer Equine Advocates operates with volunteer leadership and modest, fluctuating revenue, showing a recent deficit.
EIN: 200665632 · Gallatin, TN · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $121K |
| Total Expenses | $60K |
| Program Spending | 85% |
| Net Assets | $9K |
| Transparency Score | 85/100 |
Is Volunteer Equine Advocates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Volunteer Equine Advocates directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Volunteer Equine Advocates
Volunteer Equine Advocates (EIN: 200665632) is a nonprofit organization based in Gallatin, TN, classified under NTEE code D20. The organization reported total revenue of $121K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Volunteer Equine Advocates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Volunteer Equine Advocates is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $60K |
| Surplus / Deficit | $-6,912 |
| Total Assets | $20K |
| Total Liabilities | $12K |
| Net Assets | $9K |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 57.7% |
| Months of Reserves | 4.0 months |
Financial Health Grade: C
In 2023, Volunteer Equine Advocates reported a deficit of $7K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 57.7% (high leverage).
Financial Trends
Over 8 years of filings (2011–2023), Volunteer Equine Advocates's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | +23.7% | -25.9% |
| 2022 | -20.5% | -31.3% | +28.3% |
| 2017 | +7.2% | +18.1% | -18.1% |
| 2016 | +94.3% | +47.3% | -6.8% |
| 2014 | -18.3% | +61.8% | -24.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Volunteer Equine Advocates with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Volunteer Equine Advocates allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Volunteer Equine Advocates's IRS 990 filings:
- Expenses ($60,478) exceeded revenue ($53,566) in the 202312 period, indicating a deficit.
- Increase in liabilities to $11,721 in 202312, after several years of $0 liabilities.
Strengths
The following positive indicators were identified for Volunteer Equine Advocates:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership.
- Long history of IRS 990 filings (8 filings), demonstrating transparency.
- Maintained operations and assets over many years despite fluctuating revenue.
- Latest reported revenue of $121,195 shows potential for growth.
Frequently Asked Questions about Volunteer Equine Advocates
Is Volunteer Equine Advocates a legitimate charity?
Volunteer Equine Advocates (EIN: 200665632) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $121K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Volunteer Equine Advocates spend its money?
Volunteer Equine Advocates directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Volunteer Equine Advocates tax-deductible?
Volunteer Equine Advocates is registered as a tax-exempt nonprofit (EIN: 200665632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Volunteer Equine Advocates's spending goes to programs?
Volunteer Equine Advocates directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Volunteer Equine Advocates compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Volunteer Equine Advocates is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Volunteer Equine Advocates located?
Volunteer Equine Advocates is headquartered in Gallatin, Tennessee and files with the IRS under EIN 200665632. It is classified under NTEE code D20.
How many years of IRS 990 filings does Volunteer Equine Advocates have?
Volunteer Equine Advocates has 8 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 $121K in total revenue.
Is Volunteer Equine Advocates a good charity?
Based on the available data, Volunteer Equine Advocates appears to be a good charity, particularly due to its 0% officer compensation, indicating a strong volunteer-driven model and efficient use of funds for its mission.
How has Volunteer Equine Advocates' revenue trended?
Revenue has fluctuated over the years, ranging from $25,949 in 201212 to a latest reported $121,195, with the 202312 filing showing $53,566.
What is the organization's asset stability?
Assets have remained relatively stable, generally between $20,000 and $37,000, with the latest reported assets at $21,764.
Does Volunteer Equine Advocates have any debt?
While many periods show $0 liabilities, the 202312 filing reported liabilities of $11,721, which is a significant increase compared to previous years.
Filing History
IRS 990 filing history for Volunteer Equine Advocates showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Volunteer Equine Advocates's revenue has grown by 52.6%, moving from $35K to $54K. Total assets decreased by 35.9% over the same period, from $32K to $20K. Total functional expenses rose by 84.1%, from $33K to $60K. In its most recent filing year (2023), Volunteer Equine Advocates reported a deficit of $7K, with expenses exceeding revenue. The organization holds $12K in liabilities against $20K in assets (debt-to-asset ratio: 57.7%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $60K | $20K | $12K | — | View 990 |
| 2022 | $53K | $49K | $27K | $12K | — | View 990 |
| 2017 | $66K | $71K | $21K | $0 | — | View 990 |
| 2016 | $62K | $60K | $26K | $0 | — | View 990 |
| 2014 | $32K | $41K | $28K | $0 | — | View 990 |
| 2013 | $39K | $25K | $37K | $201 | — | View 990 |
| 2012 | $26K | $34K | $23K | $0 | — | View 990 |
| 2011 | $35K | $33K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $60K, and assets of $20K (revenue +1.3% year-over-year).
- 2022: Revenue of $53K, expenses of $49K, and assets of $27K (revenue -20.5% year-over-year).
- 2017: Revenue of $66K, expenses of $71K, and assets of $21K (revenue +7.2% year-over-year).
- 2016: Revenue of $62K, expenses of $60K, and assets of $26K (revenue +94.3% year-over-year).
- 2014: Revenue of $32K, expenses of $41K, and assets of $28K (revenue -18.3% year-over-year).
- 2013: Revenue of $39K, expenses of $25K, and assets of $37K (revenue +50.5% year-over-year).
- 2012: Revenue of $26K, expenses of $34K, and assets of $23K (revenue -26.1% year-over-year).
- 2011: Revenue of $35K, expenses of $33K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Volunteer Equine Advocates:
Data Sources and Methodology
This transparency report for Volunteer Equine Advocates 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.