CHEFF THERAPEUTIC RIDING CENTER (EIN 386061238) - 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

1970

Legal Domicile

Principal Officer

TARA EAST

Phone

2697314471

Tax Period

2023-01-01 to 2023-12-31

CHEFF THERAPEUTIC RIDING CENTER, founded in 1970, is a small nonprofit that reported $978K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $931K left a modest 5% surplus.

Mission

THE CHEFF THERAPEUTIC RIDING CENTER WAS INCORPORATED JANUARY 29, 1960, AS A MICHIGAN NON-PROFIT CORPORATION. THE PURPOSE OF THE ORGANIZATION IS TO IMPROVE LIVES THROUGH THE THERAPEUTIC USE OF HORSES. THE ORGANIZATION OPENED IN 1970 AS THE UNITED STATES' FIRST THERAPEUTIC RIDING CENTER BUILT SPECIFICALLY TO SERVE THE DISABLED. THE CHEFF CENTER FOCUSES ON WHAT INDIVIDUALS CAN ACCOMPLISH, NOT ON THEIR LIMITATIONS. PARTICIPATION IS AVAILABLE TO RIDERS OF ALL AGES AND ABILITIES. CHEFF CENTER CLIENTS INCLUDE: AT-RISK CHILDREN, MENTALLY AND EMOTIONALLY IMPAIRED, SIGHT OR HEARING IMPAIRED, DOWN SYNDROME, MS/MD/CEREBRAL PALSY, AUTISTIC/LEARNING DISABLED, CYSTIC FIBROSIS/CANCER/BRAIN INJURIES, ADD/ADHD, AND OTHER DISABILITIES.

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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 $637,973

Program Service Revenue $124,581

Investment Income $115,561

Other Revenue $99,932

TOTAL REVENUE $978,047

Expense Breakdown

Grants Paid $12,663

Salaries & Benefits $566,809

Fundraising Expenses $153,038

Program Expenses $543,044

Other Expenses $351,700

TOTAL EXPENSES $931,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$978,047	$1,858,198	-0.5%
Expenses	$931,172	$805,102	+0.2%
Net Income	$46,875	$1,053,096	-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

200

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

$91,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA EAST	EXECUTIVE DI	40.00	Officer	$88,400	$3,250	$91,650
KIP MILLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMY O'BRIEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LYNN WEIMEISTER	SECRETARY	2.00	Officer Director	$0	$0	$0
KURT SHERWOOD	TREASURER	2.00	Officer Director	$0	$0	$0
KELLY BOLES CHAPMAN	MEMBER	1.00	Director	$0	$0	$0
KIM SHOOK	MEMBER	1.00	Director	$0	$0	$0
JEFF ROSS	MEMBER	1.00	Director	$0	$0	$0
ANGELA GRAHAM	MEMBER	1.00	Director	$0	$0	$0
DOREEN BRINSON	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	$978,047	$931,172	$6,971,786	$46,875
2022	$1,858,198	$805,102	$6,420,113	$1,053,096
2021	$545,936	$643,154	$6,085,596	$-97,218
2020	$562,550	$642,864	$5,673,798	$-80,314
2019	$620,328	$899,130	$5,291,692	$-278,802
2018	$789,746	$805,403	$4,976,907	$-15,657

CHEFF THERAPEUTIC RIDING CENTER