HORSES ADAPTIVE RIDING AND THERAPY (EIN 473083537) - 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

2015

Legal Domicile

Principal Officer

JENNIFER SOLBERG

Phone

9712896119

Tax Period

2024-07-01 to 2025-06-30

HORSES ADAPTIVE RIDING AND THERAPY, founded in 2015, is a small nonprofit in the Health Care sector that reported $382K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 58% operating margin.

Mission

UTILIZE THE QUALITIES OF HORSES TO ENHANCE QUALITY OF LIFE FOR INDIVIDUALS WITH 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 (2024)

Revenue Breakdown

Contributions & Grants $236,986

Program Service Revenue $41,352

Investment Income $292

Other Revenue $103,716

TOTAL REVENUE $382,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,482

Fundraising Expenses $0

Program Expenses $127,342

Other Expenses $69,564

TOTAL EXPENSES $160,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,346	$249,028	+0.5%
Expenses	$160,046	$181,919	-0.1%
Net Income	$222,300	$67,109	+2.3%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOLEEN MAGILL	BOARD PRESIDENT	20.00	Officer Director	$0	$0	$0
MIJA SIMS	BOARD VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
JENNIFER SOLBERG	TREASURER	20.00	Officer Director	$0	$0	$0
MELODY PARR	GENERAL BOARD MEMBER	10.00	Director	$0	$0	$0
NICOLLE MORLAN	SECRETARY	20.00	Officer Director	$0	$0	$0
KAREN KENNARD	GENERAL BOARD MEMBER	10.00	Director	$0	$0	$0
NAOMI LECLAIR	GENERAL BOARD MEMBER	10.00	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
2025	$382,346	$160,046	$991,883	$222,300
2024	$249,028	$181,919	$859,036	$67,109
2023	$342,417	$158,945	$811,267	$183,472
2022	$123,731	$141,320	$652,758	$-17,589

HORSES ADAPTIVE RIDING AND THERAPY