BRAVEHEARTS THERAPEUTIC RIDING AND… - 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

2002

Legal Domicile

Principal Officer

MEGGAN HILL-MCQUEENEY

Phone

8159438226

Tax Period

2023-01-01 to 2023-12-31

BRAVEHEARTS THERAPEUTIC RIDING AND EDUCATIONAL CENTER, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $5.5M represent 26 months of operating reserves.

Mission

BRAVEHEARTS BRINGS HOPE, JOY AND UNLIMITED POSSIBILITIES THROUGH THE HEALING POWER OF THE HORSE.

Program Service Accomplishments

Program 1

Expenses: $2,256,142 Revenue: $346,103

PROVIDE THERAPEUTIC RIDING EQUINE LESSONS TO INDIVIDUALS INCLUDING VETERANS WITH VARIOUS DIAGNOSES.

Program 2

Expenses: $18,757

PROVIDE BOARDING SERVICES FOR HORSES PARTICIPATING IN THERAPEUTIC RIDING PROGRAM AND OTHERS IN THE COMMUNITY.

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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 $2,124,534

Program Service Revenue $346,103

Investment Income $40,464

Other Revenue $91,177

TOTAL REVENUE $2,602,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,165,924

Fundraising Expenses $72,005

Program Expenses $2,274,899

Other Expenses $1,473,224

TOTAL EXPENSES $2,639,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,602,278	$2,981,947	-0.1%
Expenses	$2,639,148	$2,431,381	+0.1%
Net Income	$-36,870	$550,566	-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

494

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

$191,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN BOYD	CHAIR	18.00	Officer Director	$0	$0	$0
KATHY ALLEGRETTI	VICE CHAIR	8.00	Officer Director	$0	$0	$0
CYNTHIA GONYA	TREASURER	3.00	Officer Director	$0	$0	$0
MARGE TAUTKUS GUNNAR	SECRETARY	38.00	Officer Director	$0	$0	$0
ROBERT BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
CHADD HARTWIG	DIRECTOR	0.00	Director	$0	$0	$0
LAURIE JOHNSON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DENISE DRANE PHD	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW PATAKY	DIRECTOR	1.00	Director	$0	$0	$0
MEGGAN HILL-MCQUEENEY	PRESIDENT & COO	40.00	Officer	$177,400	$14,318	$191,718

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	$2,602,278	$2,639,148	$5,669,706	$-36,870
2022	$2,981,947	$2,431,381	$5,633,624	$550,566
2021	$2,688,268	$1,978,602	$5,094,452	$709,666
2020	$2,046,268	$1,712,018	$4,395,385	$334,250
2019	$2,125,900	$1,758,160	$4,008,382	$367,740
2018	$1,695,058	$1,652,521	$3,623,503	$42,537
2017	$1,609,589	$1,435,826	$3,643,044	$173,763

BRAVEHEARTS THERAPEUTIC RIDING AND EDUCATIONAL CENTER