VICTORY THERAPEUTIC CENTER INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Kathy White

Phone

6828311323

Tax Period

2023-08-01 to 2024-07-31

VICTORY THERAPEUTIC CENTER INC, founded in 2002, is a small nonprofit in the Health Care sector that reported $694K in total revenue in fiscal year 2023. Expenses of $902K exceeded revenue, resulting in a 30% operating deficit.

Mission

To care for the physical, mental and emotional needs of children, adults, veterans and their families through the healing power of horses.

Program Service Accomplishments

Program 1

Expenses: $358,348 Revenue: $157,092

Victory Therapy Center's Therapeutic Riding Program is a dynamic and compassionate initiative that harnesses the therapeutic benefits of equine interaction, tailored for individuals with physical...

Victory Therapy Center's Therapeutic Riding Program is a dynamic and compassionate initiative that harnesses the therapeutic benefits of equine interaction, tailored for individuals with physical, cognitive or emotional challenges. Beyond the physical benefits, this program creates a nurturing environment where riders develop a sense of achievement, resilience and joy.

Program 2

Expenses: $126,340 Revenue: $33,948

Victory Therapy Center's Physical Therapy Program is a dynamic and comprehensive approach to rehabilitation, utilizing equine/assisted therapy to enhance physical well-being. The program is tailored for individuals facing a spectrum of physical challenges. Expert physical therapists collaborate with equine professionals to design personalized exercises that focus on mobility, strength and coordination.

Program 3

Expenses: $85,717 Revenue: $13,379

The Horses for Heroes Program at Victory Therapy Center is a transformative initiative catering to veterans, first responders and their families seeking healing and support. Harnessing the profound connection between horses and humans, the program offers therapeutic interactions that aid in the recovery of physical and emotional wounds. Horses for Heroes at Victory Therapy Center stands as a powerful testament to the healing potential of equine -assisted therapy, providing veterans with a unique pathway toward recovery and renewal.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $465,407

Program Service Revenue $223,703

Investment Income $0

Other Revenue $4,975

TOTAL REVENUE $694,085

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $376,789

Fundraising Expenses $54,831

Program Expenses $672,516

Other Expenses $505,450

TOTAL EXPENSES $902,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,085	$690,242	+0.0%
Expenses	$902,239	$949,163	0.0%
Net Income	$-208,154	$-258,921	-0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

130

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$41,122

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Cox	CEO (8/23 - 12/23)	40	Director Highest	$41,122	$0	$41,122
Rick Bousquet	CEO (1/24 - 3/24)	40	Highest	$15,577	$0	$15,577
Stephen Heckaman	CEO (6/24 - 4/25)	40	Highest	$11,846	$0	$11,846
Kathy White	Chairman	10.00	Officer Director	$0	$0	$0
Jim Hanophy	Vice Chairman	2.00	Officer Director	$0	$0	$0
Doug Tonne	Secretary	2.00	Officer Director	$0	$0	$0
Tina Coleman	Director	10.00	Director	$0	$0	$0
Ken Walsh	Director	1	Director	$0	$0	$0
Chris Carr	Director	2	Director	$0	$0	$0
Katie Heflin	Director	1	Director	$0	$0	$0
Frank Tabone	Director	0.5	Director	$0	$0	$0
Michael Nacarato	Director	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$694,085	$902,239	$1,211,485	$-208,154
2023	$690,242	$949,163	$1,466,951	$-258,921
2022	$994,078	$849,624	$1,303,199	$144,454
2021	$839,767	$736,373	$1,159,826	$103,394
2020	$594,272	$710,703	$1,123,605	$-116,431
2019	$724,849	$804,477	$1,163,836	$-79,628
2018	$503,080	$1,021,709	$1,249,227	$-518,629