HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY INC (EIN 363713040) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

ERIN BEVINGTON

Phone

4023598830

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE BOTH PHYSICALLY AND EMOTIONALLY OF ADULTS AND CHILDREN OF ALL ABILITIES THROUGH EQUINE ASSISTED ACTIVITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,386,893

Program Service Revenue $244,220

Investment Income $-4,835

Other Revenue $95,739

TOTAL REVENUE $1,722,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,329,847

Fundraising Expenses $223,285

Program Expenses $1,576,670

Other Expenses $622,402

TOTAL EXPENSES $1,952,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,722,017	$1,687,753	+0.0%
Expenses	$1,952,249	$1,845,158	+0.1%
Net Income	$-230,232	$-157,405	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

488

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

$206,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HENTHORN	PRESIDENT	5.00	Officer Director	$0	$0	$0
GRANT JANKE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DARREN OSTEN	TREASURER	5.00	Officer Director	$0	$0	$0
LISA GLIDDEN	SECRETARY	5.00	Officer Director	$0	$0	$0
WHITNEY FAGAN	DIRECTOR	5.00	Director	$0	$0	$0
ALEX HAYES	DIRECTOR	5.00	Director	$0	$0	$0
LISA HOBZA	DIRECTOR	5.00	Director	$0	$0	$0
TERESA NEGRON	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER HUNTER	DIRECTOR	5.00	Director	$0	$0	$0
DAVE REEBLE	DIRECTOR	5.00	Director	$0	$0	$0
JULIE ROUSE	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS RICHARDSON	DIRECTOR	5.00	Director	$0	$0	$0
TODD SCHUITEMAN	DIRECTOR	5.00	Director	$0	$0	$0
EDITH GODDEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$108,075	$7,708	$115,783
ERIN BEVINGTON	CHIEF OPERATING OFFICER	40.00	Officer	$83,471	$7,726	$91,197

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	$1,722,017	$1,952,249	$1,399,025	$-230,232
2023	$1,687,753	$1,845,158	$1,383,490	$-157,405
2022	$1,694,930	$1,626,767	$1,444,150	$68,163
2021	$1,365,246	$1,483,614	$1,406,175	$-118,368
2020	$1,327,774	$1,169,011	$1,469,782	$158,763

HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY INC