GAITWAY THERAPEUTIC HORSEMANSHIP (EIN 203367886) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

JAMES FRIEDLANDER

Phone

2259646232

Tax Period

2023-01-01 to 2023-12-31

GAITWAY THERAPEUTIC HORSEMANSHIP, founded in 2005, is a small nonprofit in the Human Services sector that reported $477K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $448K left a modest 6% surplus.

Mission

GAITWAY OFFERS A JOURNEY TOWARD INDEPENDENCE THROUGH A VARIETY OF RIDING PROGRAMS BY IMPLEMENTINGADAPTIVE SPORTS RIDING, INTERACTIVE VAULTING AND EQUINE FACILITATED THERAPY TO EMPOWER THOSE WHO HAVE BEEN CHALLENGED WITH DISABILITIES, ACCIDENTS, OR ILLNESSES.

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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 $333,803

Program Service Revenue $142,234

Investment Income $0

Other Revenue $675

TOTAL REVENUE $476,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,497

Fundraising Expenses $13,068

Program Expenses $344,252

Other Expenses $225,493

TOTAL EXPENSES $447,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$476,712	$327,062	+0.5%
Expenses	$447,990	$398,303	+0.1%
Net Income	$28,722	$-71,241	-1.4%

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

100

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
MARY-VIRGINIA BEVAN	DIRECTOR	1.00	Director	$0	$0	$0
FREDRICK J BOHANON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA CALFEE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FRIEDLANDER	TREASURER	2.00	Officer Director	$0	$0	$0
EVE GONZALEZ	CHAIR	1.00	Officer Director	$0	$0	$0
EILEEN HEBERT	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
RYAN JUNEAU	DIRECTOR	1.00	Director	$0	$0	$0
JOLIE LEBLANC	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP STUART	DIRECTOR	1.00	Director	$0	$0	$0
MARY WHITFIELD	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2023	$476,712	$447,990	$320,962	$28,722
2022	$327,062	$398,303	$332,206	$-71,241
2021	$466,857	$416,881	$161,387	$49,976
2020	$370,397	$376,552	$110,449	$-6,155
2019	$263,130	$297,309	$77,145	$-34,179
2018	$410,088	$391,217	$105,584	$18,871

GAITWAY THERAPEUTIC HORSEMANSHIP