FRIENDS OF ROCKING HORSE CENTER

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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

2007

Legal Domicile

Principal Officer

PHIL TEUSINK

Phone

9373241111

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF ROCKING HORSE CENTER, founded in 2007, is a small nonprofit in the Health Care sector that reported $133K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $115K, a strong 86% operating margin.

Mission

TO ASSIST ROCKING HORSE CHILDREN'S HEALTH CENTER AS REQUESTED, IN FURTHERANCE OF ITS MISSION OF PROVIDING COMPREHENSIVE HEALTH CARE FOR PATIENTS FROM SPRINGFIELD AND CLARK COUNTY, OHIO REGARDLESS OF THEIR ABILITY TO PAY, BY PERFORMING ADMINISTRATIVE FUNCTIONS WITH RESPECT TO ITS ENDOWMENT FUND.

Program Service Accomplishments

Program 1

Expenses: $17,514 Revenue: $0

ASSISTING ROCKING HORSE CHILDREN'S HEALTH CENTER.

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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 $25,260

Program Service Revenue $0

Investment Income $108,218

Other Revenue $0

TOTAL REVENUE $133,478

Expense Breakdown

Grants Paid $1,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,514

Other Expenses $17,214

TOTAL EXPENSES $18,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,478	$150,577	-0.1%
Expenses	$18,614	$40,306	-0.5%
Net Income	$114,864	$110,271	+0.0%

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

N/A

Volunteers

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
PHIL TEUSINK	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON FLATT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY LINN	SECRETARY/TREASUER	1.00	Officer Director	$0	$0	$0
J WESLEY BABIAN	TRUSTEE	1.00	Director	$0	$0	$0
HAL GOODRICH	TRUSTEE	1.00	Director	$0	$0	$0
ADAM BANKS	TRUSTEE	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	$133,478	$18,614	$2,721,184	$114,864
2023	$150,577	$40,306	$2,388,910	$110,271
2022	$220,674	$17,151	$2,124,877	$203,523
2021	$235,072	$15,486	$2,369,959	$219,586
2020	$105,708	$89,168	$2,066,837	$16,540
2019	$174,562	$12,699	$1,932,663	$161,863
2018	$144,105	$84,938	$1,606,174	$59,167