THREE GAITS INC (EIN 391472538) - 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

1983

Legal Domicile

Principal Officer

JOLIE HOPE

Phone

6088779086

Tax Period

2023-01-01 to 2023-12-31

THREE GAITS INC, founded in 1983, is a small nonprofit in the Recreation & Sports sector that reported $385K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE EQUINE-ASSISTED ACTIVITIES AND THERAPIES, INCLUDING THERAPEUTIC RIDING, OCCUPATIONAL THERAPY USING THE MOVEMENT OF THE HORSE AND UNMOUNTED HORSEMANSHIP INSTRUCTION TO PEOPLE WHO HAVE A DISABILITY AS THEY PURSUE GOALS TO IMPROVE STRENGTH, COORDINATION, COMMUNICATION AND SOCIAL SKILLS.

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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 $236,587

Program Service Revenue $108,977

Investment Income $-1,100

Other Revenue $40,559

TOTAL REVENUE $385,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,768

Fundraising Expenses $30,244

Program Expenses $263,247

Other Expenses $154,997

TOTAL EXPENSES $395,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,023	$410,033	-0.1%
Expenses	$395,765	$331,255	+0.2%
Net Income	$-10,742	$78,778	-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

182

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

$42,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE BREWER	PRESIDENT THRU NOVEMBER	1.00	Officer Director	$0	$0	$0
VICKI RUSSELL	PRESIDENT SINCE NOVEMBER	1.00	Officer Director	$0	$0	$0
DAN HENNING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH BACHHUBER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID ANDERSON RN	SECRETARY THRU NOV./DIRECTOR	1.00	Officer Director	$0	$0	$0
ARDIE GRIFFITH	SECRETARY SINCE NOVEMBER	1.00	Officer Director	$0	$0	$0
STEPHANIE DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
ELOISE EAGER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA WALLACE	DIRECTOR SINCE DECEMBER	1.00	Director	$0	$0	$0
STACY SIEBERT	DIRECTOR THRU FEBRUARY	1.00	Director	$0	$0	$0
JACQUELINE WEIGEN	DIRECTOR THRU NOVEMBER	1.00	Director	$0	$0	$0
LAUREN CNARE	EXECUTIVE DIRECTOR THRU NOVEMBER	40.00	Officer	$35,440	$0	$35,440
JOLIE HOPE	EXECUTIVE DIRECTOR SINCE NOVEMBER	32.00	Officer	$6,500	$600	$7,100

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	$385,023	$395,765	$454,169	$-10,742
2022	$410,033	$331,255	$436,281	$78,778
2021	$372,937	$343,197	$350,661	$29,740
2020	$373,124	$329,174	$278,836	$43,950
2019	$426,667	$434,533	$235,450	$-7,866
2018	$420,405	$390,380	$198,661	$30,025

THREE GAITS INC