IRONSTONE THERAPY INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $143,187 Revenue: $117,166

PROVIDED PHYSICAL, PSYCHOLOGICAL, OCCUPATIONAL, SPEECH, AND EDUCATION RELATED THERAPY SERVICES TO HANDICAPPED CHILDREN AND ADULTS.

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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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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