Morning Dove Therapeutic Riding Inc (EIN 352056736) - 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

1998

Legal Domicile

Principal Officer

Sherri Leffler

Phone

3177339393

Tax Period

2024-01-01 to 2024-12-31

Morning Dove Therapeutic Riding Inc, founded in 1998, is a small nonprofit in the Education sector that reported $690K in total revenue in fiscal year 2024. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $412K, a strong 60% operating margin.

Mission

Improving the lives of children and adults with disabilities in central Indiana through equine-assisted therapies and activities.

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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 $50,437

Program Service Revenue $87,450

Investment Income $547,155

Other Revenue $4,650

TOTAL REVENUE $689,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,196

Fundraising Expenses $67,221

Program Expenses $188,646

Other Expenses $83,141

TOTAL EXPENSES $277,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$689,692	$253,679	+1.7%
Expenses	$277,337	$379,576	-0.3%
Net Income	$412,355	$-125,897	-4.3%

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

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

$58,462

Total Directors

$58,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Ellis	Frmr Exe. Dire	40.00	Officer Director	$58,462	$0	$58,462
Richard Aikman	Member	2.00	Director	$0	$0	$0
Mike Trevillian	President	4.00	Officer Director	$0	$0	$0
Sherri Leffler	Treasurer	4.00	Officer Director	$0	$0	$0
Sue Moore	Vice President	4.00	Officer Director	$0	$0	$0
Mallory Long	Secretary	4.00	Officer Director	$0	$0	$0
Traci Garontakos	Member	4.00	Director	$0	$0	$0
Jeremy Riffle	Member	4.00	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	$689,692	$277,337	$936,003	$412,355
2023	$253,679	$379,576	$537,948	$-125,897
2022	$237,079	$379,666	$675,535	$-142,587
2021	$301,877	$378,253	$885,011	$-76,376
2020	$323,829	$333,203	$745,520	$-9,374
2019	$305,196	$422,010	$637,548	$-116,814
2018	$452,543	$347,425	$773,427	$105,118

Morning Dove Therapeutic Riding Inc