HANDI RIDERS INC

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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

1984

Legal Domicile

Principal Officer

MARISA DRAPER

Phone

6052511685

Tax Period

2023-01-01 to 2023-12-31

HANDI RIDERS INC, founded in 1984, is a small nonprofit in the Recreation & Sports sector that reported $221K in total revenue in fiscal year 2023. Expenses of $270K exceeded revenue, resulting in a 22% operating deficit.

Mission

EQUESTRIAN PROGRAMS/THERAPIES FOR INDIVIDUALS WITH PHYSICAL, EMOTIONAL, AND/OR COGNITIVE CHALLENGES IN A QUEST FOR PERSONAL INDEPENDENCE, ACCOMPLISHMENT, SELF-PRIDE AND WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $199,085 Revenue: $74,920

TO PROVIDE THERAPEUTIC HORSEMANSHIP PROGRAMS FOR PEOPLE OF ALL AGES WITH PHYSICAL, EMOTIONAL, AND COGNITIVE DISABILITIES IN THE SIOUX FALLS REGIONAL AREA IN THE FORM OF HIPPOTHERAPY, THERAPEUTIC...

TO PROVIDE THERAPEUTIC HORSEMANSHIP PROGRAMS FOR PEOPLE OF ALL AGES WITH PHYSICAL, EMOTIONAL, AND COGNITIVE DISABILITIES IN THE SIOUX FALLS REGIONAL AREA IN THE FORM OF HIPPOTHERAPY, THERAPEUTIC RIDING, AND GROUND WORK. CONTINUED REPORTED IMPROVEMENTS IN RIDERS' LARGE MUSCLE GROUP STRENGTH, FAVORABLE RESPONSE TO AUTHORITY, AND INCREASED SELF-CONFIDENCE DRIVE THE NEED FOR HORSEMANSHIP PROGRAMS FOR RIDERS WITH VARIOUS DISABILITIES IN THE COMMUNITY. HORSEPOWER IS THE ONLY YEAR-ROUND FACILITY OF ITS KIND IN THE STATE OF SOUTH DAKOTA, AND THE ONLY FACILITY THAT SERVES THE GREATER SIOUX FALLS SOUTH DAKOTA REGION.

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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 $111,007

Program Service Revenue $74,920

Investment Income $-1,164

Other Revenue $36,584

TOTAL REVENUE $221,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,070

Fundraising Expenses $17,389

Program Expenses $199,085

Other Expenses $121,033

TOTAL EXPENSES $270,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,347	$216,674	+0.0%
Expenses	$270,103	$240,730	+0.1%
Net Income	$-48,756	$-24,056	+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

100

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

$64,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON SCHROEDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARISA DRAPER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL SCHELLING	TREASURER	1.00	Officer Director	$0	$0	$0
PEGGY KAPUSTA	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL MARTIN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
MAURIEVA LYKKEN	DIRECTOR	5.00	Director	$0	$0	$0
TERI ABEL	DIRECTOR	5.00	Director	$0	$0	$0
NICK HOUGE	DIRECTOR	1.00	Director	$0	$0	$0
MINDY HILL	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
DIANE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN KEITH	EXECUTIVE DI	40.00	Officer	$54,167	$0	$54,167
ERIC HARTEL	EXECUTIVE DI	40.00	Officer	$9,952	$0	$9,952

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	$221,347	$270,103	$123,039	$-48,756
2022	$216,674	$240,730	$175,198	$-24,056
2021	$316,417	$257,224	$208,076	$59,193
2020	$228,852	$231,108	$175,120	$-2,256
2019	$215,305	$198,677	$146,019	$16,628
2018	$229,936	$238,026	$136,192	$-8,090