New Mexico Center for Therapeutic Riding (EIN 465184226) - 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

2008

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

New Mexico Center for Therapeutic Riding, founded in 2008, is a small nonprofit that reported $154K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $142K left a modest 8% surplus.

Mission

The mission of New Mexico Center for Therapeutic Riding (NMCTR) is to enrich and expand the lives of children, youth, and adults with special needs through equine-assisted activities and therapies.

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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 $104,134

Program Service Revenue $6,563

Investment Income $75

Other Revenue $43,299

TOTAL REVENUE $154,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,333

Fundraising Expenses $0

Program Expenses $114,905

Other Expenses $69,880

TOTAL EXPENSES $142,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,071	$215,675	-0.3%
Expenses	$142,213	$231,623	-0.4%
Net Income	$11,858	$-15,948	-1.7%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Micahel Rawn	Board Member	2.00	Director	$0	$0	$0
Liza Solomon	Board Member	2.00	Director	$0	$0	$0
Asley Fischer	Interim President	2.00	Officer	$0	$0	$0
Sherry Snow	Treasurer	2.00	Officer	$0	$0	$0
Celia Ludi	Secretary	2.00	Officer	$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
2023	$154,071	$142,213	$121,556	$11,858
2022	$215,675	$231,623	$110,782	$-15,948
2019	$191,816	$142,062	$125,995	$49,754
2019	$191,816	$142,062	$125,995	$49,754

New Mexico Center for Therapeutic Riding