IRONSTONE THERAPY INC

EIN: 043420288 501(c)(3) Health Care

ANDOVER, MA

Total Revenue
$171,293
Total Expenses
$201,426
Total Assets
$15,584
Net Assets
$-27,400
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MA
Principal Officer
ELAINE FRANCIS
Phone
9784754056
Tax Period
2023-01-01 to 2023-12-31

IRONSTONE THERAPY INC, founded in 1998, is a small nonprofit in the Health Care sector that reported $171K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $201K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE LIFE-CHANGING EQUINE-ASSISTED SERVICES THAT FOSTER THE HUMAN- HORSE CONNECTION TO HELP INDIVIDUALS AND FAMILIES WITH PHYSICAL, COGNITIVE, AND EMOTIONAL CHALLENGES EXPERIENCE HEALING AND JOY WHILE REALIZING THEIR FULL POTENTIAL.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $54,015
Program Service Revenue $117,166
Investment Income $12
Other Revenue $100
TOTAL REVENUE $171,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,629
Fundraising Expenses $0
Program Expenses $143,187
Other Expenses $127,797
TOTAL EXPENSES $201,426

Year-over-Year Comparison

2023 2022 Change
Revenue $171,293 $181,420 -0.1%
Expenses $201,426 $181,971 +0.1%
Net Income $-30,133 $-551 +53.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
4
Independent Members
4
Employees
8
Volunteers
N/A

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE FRANCIS PRESIDENT 1.00
Officer Director
$0 $0 $0
DEIRDRA MURPHY DPT DIRECTOR 1.00
Director
$0 $0 $0
LINDA DEANGELO DPT DIRECTOR 1.00
Director
$0 $0 $0
REBECCA KAHLER-REIS OT DIRECTOR 1.00
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 No data No data No data No data
2023 $171,293 $201,426 $15,584 $-30,133
2022 $181,420 $181,971 $23,855 $-551
2021 $80,592 $60,770 $16,906 $19,822
2020 $40,414 $56,598 $36,848 $-16,184
2019 $173,154 $189,469 $42,808 $-16,315
2018 $174,278 $190,099 $19,374 $-15,821
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