Hoofbeats With Heart

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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

2005

Legal Domicile

Principal Officer

Kelley Hullihen

Phone

6024217718

Tax Period

2024-01-01 to 2024-12-31

Hoofbeats With Heart, founded in 2005, is a small nonprofit in the Human Services sector that reported $880K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Dedicated to provide professional and safe therapy experiences while improving the lives of individual with disabilities and their families through therapy, recreation, education, exploration, joy and most importantly hope.

Program Service Accomplishments

Program 1

Expenses: $216,322 Revenue: $230,816

Therapeutic Horse Back Riding: Riding skills are taught so riders may enjoy horseback riding as a recreation. Through carefully prepared activitities by our certified NARHA instructors, riders can...

Therapeutic Horse Back Riding: Riding skills are taught so riders may enjoy horseback riding as a recreation. Through carefully prepared activitities by our certified NARHA instructors, riders can learn to stop and start, turn, walk over obstacles, amongst other skills, with their equine partners

Program 2

Expenses: $170,919 Revenue: $186,747

Hippotherapy uses activities on the horse that are meaningful to the client. Treatment takes place in a controlled environment where graded sensory input can elicit appropriate adaptive responses...

Hippotherapy uses activities on the horse that are meaningful to the client. Treatment takes place in a controlled environment where graded sensory input can elicit appropriate adaptive responses from the client. Specific riding skills are not taught (as in Therapeutic Riding), but rather a foundation is established to improve neurological function and sensory processing. This foundation can then be generalized to a wide range of daily activities.

Program 3

Expenses: $122,013 Revenue: $133,312

Equine Facilities Learning & Psychotherapy: This is a process whereby knowledge is created through the transformation of experience. Experience and Leaning is the central component of how positive...

Equine Facilities Learning & Psychotherapy: This is a process whereby knowledge is created through the transformation of experience. Experience and Leaning is the central component of how positive change, perspective, self-awareness, and transformation take place for the client. Our program partners horses with humans, focusing on a wide range of activities designed to practice social and life skills, enhancing self-esteem, and discuss topics such as values and character education. Our approach is non-directive, solution-oriented, and acknowledges the power of choice. Provide a metaphoric experience with horses to promote emotional growth. This experiental therapy teaches humans about themselves, allows regonition of dysfunctional patterns of behavior, and helps define healthy relationships, the horse assists in making clients aware of their emotional state as the horse responds in reaction to their actions.

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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 (2024)

Revenue Breakdown

Contributions & Grants $59,989

Program Service Revenue $795,538

Investment Income $24,078

Other Revenue $0

TOTAL REVENUE $879,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $691,921

Fundraising Expenses $5,008

Program Expenses $742,837

Other Expenses $210,931

TOTAL EXPENSES $902,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$879,605	$786,004	+0.1%
Expenses	$902,852	$922,756	0.0%
Net Income	$-23,247	$-136,752	-0.8%

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

225

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
Roger Brust	Treasurer	40.00	Director	$0	$0	$0
Kelley Hullihen	President	40.00	Director	$0	$0	$0
James Hullihen	Vice President	5.00	Director	$0	$0	$0
Tom Martin	Trustee	5.00	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	$879,605	$902,852	$210,102	$-23,247
2023	$786,004	$922,756	$204,832	$-136,752
2022	$839,784	$966,577	$222,567	$-126,793
2021	$862,824	$926,338	$421,967	$-63,514
2020	$941,045	$1,059,412	$258,985	$-118,367
2019	$748,324	$752,885	$226,186	$-4,561
2018	$621,205	$632,699	$243,274	$-11,494