BIT BY BIT THERAPEUTIC RIDING CENTER INC (EIN 454446345) - 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

2013

Legal Domicile

Principal Officer

Shiloh Martin

Phone

9183711750

Tax Period

2024-01-01 to 2024-12-31

BIT BY BIT THERAPEUTIC RIDING CENTER INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $228K in total revenue in fiscal year 2024. Expenses of $275K exceeded revenue, resulting in a 21% operating deficit.

Mission

Bit by Bit, partners with the horse, to engage the body, mind and spirit of individuals and communities with diverse needs, to bring hope and healing through equine assisted 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 $168,629

Program Service Revenue $47,351

Investment Income $71

Other Revenue $11,780

TOTAL REVENUE $227,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,486

Fundraising Expenses $24,017

Program Expenses $228,871

Other Expenses $120,155

TOTAL EXPENSES $274,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,831	$211,996	+0.1%
Expenses	$274,641	$232,857	+0.2%
Net Income	$-46,810	$-20,861	+1.2%

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

Total Directors

Key Employees

$32,885

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kym Lipscomb	Executive Director	40	Key Emp	$32,885	$0	$32,885
Shiloh Martin	President	5	Officer Director	$0	$0	$0
Bob Young	Secretary	2	Officer Director	$0	$0	$0
Scott Epperson	Treasurer	3	Officer Director	$0	$0	$0
Wanda Sanders	Director	1	Director	$0	$0	$0
Bonnie Martinez	Director	1	Director	$0	$0	$0
Kari Collier	Director	1	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	$227,831	$274,641	$693,189	$-46,810
2023	$211,996	$232,857	$663,698	$-20,861
2022	$214,457	$220,771	$698,258	$-6,314
2021	$157,662	$242,561	$748,900	$-84,899
2020	$128,424	$210,240	$803,010	$-81,816
2019	$143,816	$264,762	$871,027	$-120,946
2018	$202,012	$238,487	$993,933	$-36,475

BIT BY BIT THERAPEUTIC RIDING CENTER INC