GRACE RIDES INC (EIN 263084817) - 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

2009

Legal Domicile

Principal Officer

SHERRY HALL

Phone

8502599195

Tax Period

2023-01-01 to 2023-12-31

GRACE RIDES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

TO PROVIDE A QUALITY ENVIRONMENT AND PROGRAMS FOR EXTENDING THE BENEFITS OF EQUINE ASSISTED THERAPEUTIC ACTIVITIES TO PEOPLE CHALLENGED BY DISABILITY/SPECIAL NEEDS (PHYSICAL, COGNITIVE AND/OR EMOTIONAL), AN IN SO DOING TO IMPROVE THE LIVES AND COMMUNITY OF EACH OF OUR PROGRAM PARTICIPANTS, THEIR FAMILY MEMBERS, OUR VOLUNTEERS AND OUR PROGRAM EQUINES.

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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 $212,480

Program Service Revenue $0

Investment Income $0

Other Revenue $8,824

TOTAL REVENUE $221,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,829

Fundraising Expenses $0

Program Expenses $181,802

Other Expenses $112,517

TOTAL EXPENSES $185,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,304	$161,784	+0.4%
Expenses	$185,346	$143,444	+0.3%
Net Income	$35,958	$18,340	+1.0%

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

Volunteers

125

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
NANCY FOX	BOARD MEMBER	3.00	Director	$0	$0	$0
SHERRY HALL	BOARD MEMBER/EXECUTIVE DIRECTOR	45.00	Officer Director	$0	$0	$0
STEVE HALL	BOARD MEMBER	4.00	Officer Director	$0	$0	$0
SHANNON HOWELLL	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ANNE JENETTE	BOARD MEMBER	10.00	Director	$0	$0	$0
KOBY TOWNSEND	BOARD MEMBER	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	No data	No data	No data	No data
2023	$221,304	$185,346	$13,681	$35,958
2022	$161,784	$143,444	$33,813	$18,340
2021	$127,770	$136,234	$30,309	$-8,464
2020	$115,438	$128,746	$38,773	$-13,308

GRACE RIDES INC