Pegasus Therapeutic Riding Academy… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

Teresa Fletcher

Phone

2157421500

Tax Period

2023-01-01 to 2023-12-31

Pegasus Therapeutic Riding Academy Inc, founded in 1982, is a small nonprofit that reported $588K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 17% operating margin.

Mission

Our mission is to provide therapeutic exercise in various forms always emphasizing ability and maintaining an environment of respect and trust for our riders, volunteers and horses.

Program Service Accomplishments

Program 1

Expenses: $387,073

Pegasus TRA provides equine-assisted activities and therapies to individuals with disabilities, diagnoses, and at-risk populations. Incorporated as a non-profit organization in 1982, the program...

Pegasus TRA provides equine-assisted activities and therapies to individuals with disabilities, diagnoses, and at-risk populations. Incorporated as a non-profit organization in 1982, the program partners with horses, and their unique three-dimensional swing gate, to promote improved physical strength, emotional well-being, independence, along other key life skills. Pegasus provides therapeutic exercise in various forms, always emphasizing ability maintaining an environment of respect trust for our riders, volunteers, horses. Therapeutic riding has many components, including physical, psychological, recreational, as well as educational. Our facilities include a state-of-the-art indoor riding arena that permits year-round operation. We currently have 15 therapy horses of varied sizes breeds. The program staff consists of two full-time employees nine part-time employees. Pegasus is a PATH Professional Association of

Program 2

Expenses: $62,652

Pegasus operates an autism program to meet the growing need for services for children diagnosed with autism spectrum disorders. Many in the medical community believe that there is a special...

Pegasus operates an autism program to meet the growing need for services for children diagnosed with autism spectrum disorders. Many in the medical community believe that there is a special connection between horses and children with autism because both interpret the world in pictures. As the bond grows between child and animal, progress such as improved communication, social skills, and behavior become possible in many cases. This program accomodates 12 riders per week.

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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 $305,613

Program Service Revenue $213,205

Investment Income $2,416

Other Revenue $66,304

TOTAL REVENUE $587,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,759

Fundraising Expenses $2,901

Program Expenses $449,725

Other Expenses $267,852

TOTAL EXPENSES $486,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$587,538	$452,639	+0.3%
Expenses	$486,611	$491,187	0.0%
Net Income	$100,927	$-38,548	-3.6%

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

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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

113

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

$54,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Teresa Fletcher	Executive Director	040.00	Key Emp Highest	$54,000	$0	$54,000
Jason Budd	President	002.50	Officer Director	$0	$0	$0
Niels Christensen	Treasurer	001.50	Officer Director	$0	$0	$0
Leigh Ann DiFusco	Secretary	001.00	Officer Director	$0	$0	$0
Robert Hesser	Director	001.00	Director	$0	$0	$0
Jessica Ormsby	Director	001.00	Director	$0	$0	$0
Joy Barley	Director	001.00	Director	$0	$0	$0
Tom Forkin	Director	001.00	Director	$0	$0	$0
Jonathan Smith	Director	001.00	Director	$0	$0	$0
Sarah Reed	Director	001.00	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	No data	No data	No data	No data
2023	$587,538	$486,611	$398,913	$100,927
2022	$452,639	$491,187	$313,969	$-38,548
2021	$434,987	$443,309	$331,568	$-8,322
2020	$344,846	$478,962	$358,891	$-134,116
2019	$445,543	$462,480	$459,507	$-16,937
2018	$465,612	$374,209	$479,616	$91,403

Pegasus Therapeutic Riding Academy Inc