Horses' Haven EIN 38-3259872

Horses' Haven

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Rescues and cares for old, abused, sick, or neglected horses and other large animals. For fiscal year 2025 it reported $879K in revenue, $769K in expenses, and $1.8M in net assets.Pt I

Founded
1995
Type
Public charity (501(c)(3)) · Animals
Location
Howell, MI
Website
www.horsehaven.org
Filings
7 on file (2019–2025)
Revenue
$879KFY2025
Expenses
$769K
Net assets
$1.8M
People
3
Filings
7
Updates
0
More identity details & actions ⌄
EIN  38-3259872 Public charity (501(c)(3)) Howell, MI Founded 1995
Form 990 (PDF)
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Size
$100K–1M
What they do
Rescues and cares for old, abused, sick, or neglected horses and other large animals.
Leadership
Paul Borucki · Secretary/Tr
Money in and out
$879K revenue, $769K expenses
Bottom line
86% program efficiency
Where the money goes · FY2025
Total revenue
$879K
Pt VIII · Ln 12
Total expenses
$769K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $110K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.13 Fundraising $0.01
Program efficiency
86%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
19.4mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▼ -30% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$879K
FY2025▼ -0.7%
Expenses
$769K
FY2025▲ +6%
Total assets
$1.8M
FY2025▲ +6%
Total liabilities
$17K
FY2025▼ -39%
Total revenue
$879K
Pt VIII · Ln 12
Total expenses
$769K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $659K of program spending, described in the organization's own filed words · FY2025.
01

To rescue, rehabilitate, retrain, and re-home at risk equines (horses, ponies, donkeys and mules).

$659Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHorses' Haven
EINHdr · item D38-3259872
Principal addressHdr · item CHowell, MI
WebsiteHdr · item Jwww.horsehaven.org
Year of formationHdr · item L1995
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D200)
Ruling yearIRS BMFSep 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristine Dvonch’s $52K as Executive Director is at the 61st percentile of top reported officer pay among 1218 $100K–1M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Kristine Dvonch$52,500$50,200$41,763$33,920$34,815$21,676
Jill Fredericksonformer$33,932

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$685K · 78%
Investment income$94K · 11%
Program service revenue$71K · 8%
Other revenue$30K · 3%
Contributions & grants78%$685K
Investment income11%$94K
Program service revenue8%$71K
Other revenue3%$30K
— government grantsLn 1e$225K
Total revenueLn 12$879K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.13 Fundraising $0.01
Program services86%$659K
Management & general13%$103K
Fundraising1%$7K
Total functional expensesLn 25$769K

Balance Sheet

Part X · end of year
CashLn 1$526K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$17K
Total net assetsLn 32$1.8M
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses (Pt IX) $769K · Less non-cash grants $27K · Cash operating expenses/yr $742K
19.4 months
Where the money goes
Program services
Program services $659K · Total expenses $769K
86%
Management & General
Management & general $103K · Total expenses $769K
13%
Fundraising
Fundraising $7K · Total expenses $769K
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $582K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $685K · Total revenue $879K
78%
Government reliance
Government grants $225K · Total revenue $879K
26%
Earned-income share
Program service revenue $71K · Total revenue $879K
8%
Investment reliance
Investment income $94K · Total revenue $879K
+11%
Program self-sufficiency
Program service revenue $71K · Total expenses $769K
9%
Growth & trend
Revenue growth (YoY)
This year $879K · Prior year $886K
-0.7%
Revenue CAGR
FY2019 $368K · FY2025 $879K
+16%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $879K · Expenses $769K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $671K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
37%
People & payroll
Highest Reported Total Compensation
Individual Paul Borucki · Reported title SECRETARY/TR · Highest reported compensation $0 · Total expenses $769K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $223K · Total expenses $769K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 13%
Fundraising cost ratio 1%
Revenue growth -0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$879K revenue · viewing · ⤓ 990 PDF
FY2024$886K revenue · ⤓ 990 PDF
FY2023$674K revenue · ⤓ 990 PDF
FY2022$741K revenue · ⤓ 990 PDF
FY2021$662K revenue · ⤓ 990 PDF
FY2020$470K revenue · ⤓ 990 PDF
FY2019$368K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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