PROFESSIONAL ASSOCIATION OF THERAP… - 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

1969

Legal Domicile

Principal Officer

KATHY ALM

Phone

3034521212

Tax Period

2024-07-01 to 2025-06-30

PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP INERNATIONAL, founded in 1969, is a community nonprofit in the Recreation & Sports sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

WE ADVANCE PROFESSIONAL EQUINE-ASSISTED SERVICES BY EMPOWERING OUR MEMBERS, CREDENTIALED PROFESSIONALS, PARTNERS AND THE PUBLIC THROUGH RIGOROUSLY DEVELOPED STANDARDS, CREDENTIALS AND EDUCATION THAT RECOGNIZE THE POWER OF THE EQUINE-HUMAN RELATIONSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,407,917 Revenue: $946,521

MEMBERSHIP PROVIDES A SENSE OF COMMUNITY FOR THE EQUINE-ASSISTED SERVICES (EAS) PROFESSIONALS AND SUPPORTERS WHO JOIN PATH INTERNATIONAL. ALMOST 5,000 MEMBERS AROUND THE WORLD HELP MORE THAN 71,000 CHILDREN AND ADULTS WITH PHYSICAL, COGNITIVE AND EMOTIONAL CHALLENGES AS THEY STRIVE TO REACH THEIR HEALTH AND WELLNESS GOALS. ADDITIONALLY, PATH INTERNATIONAL STRIDES MAGAZINE, ENEWS, AND WEBSITE PROVIDE VALUABLE INFORMATION TO MEMBERS AND THE PUBLIC.

Program 2

Expenses: $524,931 Revenue: $168,234

EDUCATION - PATH INTERNAIONAL PROVIDES EDUCATIONAL OPPORTUNITIES TO PROFESSIONALS IN THE INDUSTRY VIA ON-LINE COURSES, WEBINARS, WORKSHOPS, AND CLINICS. IN ADDITION, THE SEMI-ANNUAL CONFERENCE AND 11 REGIONAL CONFERENCES PROVIDE PROFESSIONAL DEVELOPMENT, QUALITY CONTINUING EDUCATION UNITS TO MAINTAIN CERTIFICATIONS AND NETWORKING WITH COLLEAGUES.

Program 3

Expenses: $906,200 Revenue: $608,460

CREDENTIALING - PATH INTERNATIONAL CERTIFIES AND ACCREDITS CENTERS, INSTRUCTORS, AND EQUINE SPECIALISTS ACCORDING TO A SET OF FIELD TESTED STANDARDS TO ENSURE THE HIGHEST LEVELS OF SAFETY, ETHICS...

CREDENTIALING - PATH INTERNATIONAL CERTIFIES AND ACCREDITS CENTERS, INSTRUCTORS, AND EQUINE SPECIALISTS ACCORDING TO A SET OF FIELD TESTED STANDARDS TO ENSURE THE HIGHEST LEVELS OF SAFETY, ETHICS, AND EFFECTIVENESS IN THE EQUINE ASSISTED SERVICES INDUSTRY.

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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 $1,085,807

Program Service Revenue $1,898,143

Investment Income $78,432

Other Revenue $218,047

TOTAL REVENUE $3,280,429

Expense Breakdown

Grants Paid $556,205

Salaries & Benefits $1,680,977

Fundraising Expenses $18,829

Program Expenses $2,839,048

Other Expenses $1,122,373

TOTAL EXPENSES $3,359,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,280,429	$3,746,349	-0.1%
Expenses	$3,359,555	$2,958,117	+0.1%
Net Income	$-79,126	$788,232	-1.1%

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

149

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

$176,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT CARVER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ED MILFORD	PAST PRESIDENT	2.00	Director	$0	$0	$0
BRANDAN MONTMINY	PRESIDENT-ELECT	2.00	Director	$0	$0	$0
MARIANNE COLLINS	TRUSTEE	2.00	Director	$0	$0	$0
ADAM DAURIO	TRUSTEE	2.00	Director	$0	$0	$0
ALAN DORANTES	TRUSTEE	2.00	Director	$0	$0	$0
KC HENRY	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN KRUEGER	TREASURER	2.00	Officer Director	$0	$0	$0
VERONICA LAC	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA NORMAND	TRUSTEE	2.00	Director	$0	$0	$0
LYNN PETR	TRUSTEE	2.00	Director	$0	$0	$0
ASHLEY PHELPS-DUNN	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINA SORENSEN	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE KATIE VACHRIS	TRUSTEE	2.00	Director	$0	$0	$0
AVIVA VINCENT	TRUSTEE	2.00	Director	$0	$0	$0
KATHY ALM	CEO	40.00	Officer	$169,420	$7,087	$176,507

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
2025	$3,280,429	$3,359,555	$3,098,776	$-79,126
2024	No data	No data	No data	No data
2023	$2,803,744	$2,900,726	$2,544,094	$-96,982
2022	$2,610,580	$2,286,692	$2,683,906	$323,888
2021	$2,426,821	$2,239,688	$2,188,884	$187,133
2020	$2,827,086	$2,739,951	$1,976,775	$87,135
2019	$2,737,256	$2,698,027	$1,900,552	$39,229

PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP INERNATIONAL