HIGH HOPES THERAPEUTIC RIDING INC

EIN: 060987749 501(c)(3)

OLD LYME, CT

Total Revenue
$1,849,911
Total Expenses
$2,307,231
Total Assets
$8,199,362
Net Assets
$8,043,471
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CT
Principal Officer
PETER WATT
Phone
8604341974
Tax Period
2024-07-01 to 2025-06-30

HIGH HOPES THERAPEUTIC RIDING INC, founded in 1974, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

HIGH HOPES THERAPEUTIC RIDING, INC. (HIGH HOPES) IS A NONPROFIT CHARITABLE ORGANIZATION IN CONNECTICUT WHOSE MISSION IS FOSTER A VIBRANT COMMUNITY WHERE HORSE AND HUMAN INTERACTIONS IMPROVE LIVES. HIGH HOPES IS COMMITTED TO PROVIDING EFFICIENT, SAFE, INNOVATIVE AND PROFESSIONAL THERAPEUTIC RIDING PROGRAMS TO INDIVIDUALS WITH DISABILITIES OF ALL AGES. HIGH HOPES WAS FOUNDED ON THE BELIEF THAT EXPERIENCING AND RIDING HORSES IN A SECURE, CHALLENGING AND COMPANIONABLE ENVIRONMENT WILL ACHIEVE THIS OBJECTIVE. THE FOCUS IS ON EACH PARTICIPANTS NEED TO ACHIEVE MEANINGFUL GAINS IN BALANCE, COORDINATION, STRENGTH, CONFIDENCE AND SELF-RESPECT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,386,737
Program Service Revenue $126,542
Investment Income $462,644
Other Revenue $-126,012
TOTAL REVENUE $1,849,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,453,587
Fundraising Expenses $475,393
Program Expenses $1,623,714
Other Expenses $853,644
TOTAL EXPENSES $2,307,231

Year-over-Year Comparison

2024 2023 Change
Revenue $1,849,911 $1,766,516 +0.0%
Expenses $2,307,231 $2,272,995 +0.0%
Net Income $-457,320 $-506,479 -0.1%
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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Governance

Voting Members
17
Independent Members
17
Employees
40
Volunteers
324

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
6
$106,095
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA LAMONT EXECUTIVE DI 40.00
Officer
$106,095 $0 $106,095
ALISON DARRELL FORMER INTER 0.00
$67,008 $0 $67,008
MARY STALSBURG FORMER EXEC. 0.00
$53,359 $0 $53,359
MARIS WACS TRUSTEE 1.00
Director
$0 $0 $0
GREGORY VARGA TRUSTEE 1.00
Director
$0 $0 $0
TODD MACHNIK TRUSTEE 1.00
Director
$0 $0 $0
MARK FADER TRUSTEE 1.00
Director
$0 $0 $0
SARAH KITCHINGS KEENAN TRUSTEE 1.00
Director
$0 $0 $0
BETH GARRITY TRUSTEE 1.00
Director
$0 $0 $0
WENDY VISGILIO TRUSTEE 1.00
Director
$0 $0 $0
CHRIS BERGER TRUSTEE 1.00
Director
$0 $0 $0
LIZ DOERING TRUSTEE 1.00
Director
$0 $0 $0
MARGARET MUMMERT TRUSTEE 1.00
Director
$0 $0 $0
PRIYA TANDON TRUSTEE 1.00
Director
$0 $0 $0
BARBARA WILLKENS TRUSTEE 1.00
Director
$0 $0 $0
NATALIE YONKER TREASURER 1.00
Officer Director
$0 $0 $0
LANDON POTTS SECRETARY 1.00
Officer Director
$0 $0 $0
SARAH HILL CANNING VICE CHAIR 1.00
Officer Director
$0 $0 $0
GARY ROGERS VICE CHAIR, 1.00
Officer Director
$0 $0 $0
PETER WATT CHAIR 1.00
Officer 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
2025 $1,849,911 $2,307,231 $8,199,362 $-457,320
2024 $1,766,516 $2,272,995 $8,291,323 $-506,479
2023 $1,867,587 $2,149,908 $8,385,265 $-282,321
2022 $1,827,774 $1,530,340 $8,136,068 $297,434
2021 $1,613,238 $1,485,334 $9,105,693 $127,904
2020 $1,443,735 $1,525,032 $7,620,710 $-81,297
2019 $2,297,391 $1,596,177 $7,545,679 $701,214
2018 $2,276,009 $1,570,351 $6,676,954 $705,658
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