THERAPEUTIC HORSEBACK RIDING 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

1983

Legal Domicile

Principal Officer

ANDREW GOODMAN

Phone

6106441963

Tax Period

2023-01-01 to 2023-12-31

THERAPEUTIC HORSEBACK RIDING INC, founded in 1983, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.4M left a modest 9% surplus.

Mission

OUR MISSION IS TO DEVELOP THE PHYSICAL AND EMOTIONAL WELL-BEING OF ALL PEOPLE REGARDLESS OF THEIR INDIVIDUAL CHALLENGES. WE ARE COMMITTED TO PERSONAL GROWTH AND EDUCATION IN AN EQUESTRIAN ENVIRONMENT OF RESPECT, LOVE, AND INCLUSION. THORNCROFT EQUESTRIAN CENTER IS A PREMIER LEADER IN THE FIELD OF THERAPEUTIC HORSEMANSHIP. OUR FARM EMBRACES THE CONTINUING EDUCATION AND DEVELOPMENT OF HIGH QUALITY PROGRAMS AND INSTRUCTION. THORNCROFT BRINGS OUT THE GIFTS AND ABILITIES OF ALL PEOPLE AND HELPS THEM REALIZE THEIR POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $994,669 Revenue: $469,405

THORNCROFT EQUESTRIAN CENTER IS A PREMIER LEADER IN THE FIELD OF THERAPEUTIC HORSEMANSHIP. OUR FARM EMBRACES THE CONTINUING EDUCATION AND DEVELOPMENT OF HIGH QUALITY PROGRAMS AND INSTRUCTION...

THORNCROFT EQUESTRIAN CENTER IS A PREMIER LEADER IN THE FIELD OF THERAPEUTIC HORSEMANSHIP. OUR FARM EMBRACES THE CONTINUING EDUCATION AND DEVELOPMENT OF HIGH QUALITY PROGRAMS AND INSTRUCTION. THORNCROFT BRINGS OUT THE GIFTS AND ABILITIES OF ALL PEOPLE AND HELPS THEM REALIZE THEIR POTENTIAL.

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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 $741,806

Program Service Revenue $512,310

Investment Income $343,729

Other Revenue $-48,592

TOTAL REVENUE $1,549,253

Expense Breakdown

Grants Paid $86,700

Salaries & Benefits $591,331

Fundraising Expenses $105,813

Program Expenses $994,669

Other Expenses $725,018

TOTAL EXPENSES $1,403,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,549,253	$1,804,102	-0.1%
Expenses	$1,403,049	$1,328,109	+0.1%
Net Income	$146,204	$475,993	-0.7%

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

115

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

$82,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW GOODMAN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARY PARNELL	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
SUSAN R MURRAY CPA	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELE HARVEY	SECRETARY	0.50	Officer Director	$0	$0	$0
RICHARD JOHNSTON	DIRECTOR	0.50	Director	$0	$0	$0
EMILY WELLS	DIRECTOR	0.50	Director	$0	$0	$0
JANE ALTMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET ROVER ESQ	DIRECTOR	0.50	Director	$0	$0	$0
MIKE TILLSON	DIRECTOR	0.50	Director	$0	$0	$0
SONIA CHURCHMAN	DIRECTOR	0.50	Director	$0	$0	$0
TIM RUBIN	DIRECTOR	0.50	Director	$0	$0	$0
TIM ZUPKO	DIRECTOR	0.50	Director	$0	$0	$0
TREVOR JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
TIFFANY MEYER	PRESIDENT	40.00	Officer	$75,616	$7,290	$82,906

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	$1,549,253	$1,403,049	$14,727,751	$146,204
2022	$1,804,102	$1,328,109	$13,997,666	$475,993
2021	$1,605,648	$1,178,997	$14,841,730	$426,651
2020	$1,347,723	$1,035,466	$13,547,213	$312,257
2019	$2,440,047	$1,202,250	$12,440,428	$1,237,797
2018	$1,572,484	$1,223,468	$10,216,431	$349,016