Therapeutic Riding Inc

EIN: 382487220 501(c)(3)

Ann Arbor, MI

Total Revenue
$559,632
Total Expenses
$509,975
Total Assets
$2,742,476
Net Assets
$2,722,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Principal Officer
Tammera Bollman
Phone
7346770303
Tax Period
2024-01-01 to 2024-12-31

Therapeutic Riding Inc, founded in 1984, is a small nonprofit that reported $560K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $510K left a modest 9% surplus.

Mission

To provide a therapeutic environment through horseback riding and other activities for people with disabilities or other challenges.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $361,658
Program Service Revenue $90,556
Investment Income $19,092
Other Revenue $88,326
TOTAL REVENUE $559,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,887
Fundraising Expenses $57,431
Program Expenses $384,263
Other Expenses $222,088
TOTAL EXPENSES $509,975

Year-over-Year Comparison

2024 2023 Change
Revenue $559,632 $497,540 +0.1%
Expenses $509,975 $507,488 +0.0%
Net Income $49,657 $-9,948 -6.0%
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

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Governance

Voting Members
13
Independent Members
12
Employees
13
Volunteers
158

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
5
$82,667
Total Directors
13
$82,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tammera Bollman Executive Director 40.00
Officer Director
$82,667 $0 $82,667
Daniel J Morin President 2.00
Officer Director
$0 $0 $0
Rachel Arocha Treasurer 2.00
Officer Director
$0 $0 $0
Judith Levy Secretary 2.00
Officer Director
$0 $0 $0
Elizabeth Larin Past President 2.00
Officer Director
$0 $0 $0
Nan Couyoumijian Director 2.00
Director
$0 $0 $0
Mandy Grewal Director 2.00
Director
$0 $0 $0
Albert Blixt Director 2.00
Director
$0 $0 $0
Erik Robeznieks Director 2.00
Director
$0 $0 $0
Kathryn L Burkhart Director 2.00
Director
$0 $0 $0
Luanne Reaume Director 2.00
Director
$0 $0 $0
Julie Llange Varga MD Director 2.00
Director
$0 $0 $0
Marla Rian Director 2.00
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 $559,632 $509,975 $2,742,476 $49,657
2023 $497,540 $507,488 $2,679,810 $-9,948
2022 $439,391 $501,940 $2,633,977 $-62,549
2021 $566,594 $460,161 $2,715,525 $106,433
2020 $404,751 $430,654 $2,674,225 $-25,903
2019 $409,610 $459,677 $2,637,711 $-50,067
2018 $359,124 $433,609 $2,687,474 $-74,485
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