KENT ASSOCIATION OF RIDING THERAPY (EIN 521356842) - 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

1985

Legal Domicile

Principal Officer

MARTI HAWKINS

Phone

4108705596

Tax Period

2023-01-01 to 2023-12-31

KENT ASSOCIATION OF RIDING THERAPY, founded in 1985, is a micro nonprofit that reported $85K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $94K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO HELP CHILDREN AND ADULTS WITH SPECIAL NEEDS ENHANCE THEIR SOCIAL AND DEVELOPMENTAL GROWTH THROUGH THE USE OF A MULTI-FACETED PROGRAM. THE PROGRAM INCLUDES THERAPEUTIC HORSEBACK RIDING, GROOMING AND CARING FOR THE HORSE, AND COMPREHENSIVE CLASSROOM INSTRUCTION.

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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 $47,483

Program Service Revenue $8,206

Investment Income $2,795

Other Revenue $26,326

TOTAL REVENUE $84,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,807

Fundraising Expenses $447

Program Expenses $68,308

Other Expenses $78,115

TOTAL EXPENSES $93,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,810	$74,420	+0.1%
Expenses	$93,922	$69,334	+0.4%
Net Income	$-9,112	$5,086	-2.8%

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
PHIL AKE	HORSES & EQU	3.00	Director	$0	$0	$0
WENDY COSLETT	CORRESPONDIN	3.00	Officer Director	$0	$0	$0
FRANK DURKEE	DIRECTOR	2.00	Director	$0	$0	$0
MARTI HAWKINS	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAWN HOLMES	SECRETARY	3.00	Officer Director	$0	$0	$0
ERIN HOPWOOD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LINDA REED	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN SORGE	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN VARGA	TREASURER	3.00	Officer 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
2023	$84,810	$93,922	$241,242	$-9,112
2022	$74,420	$69,334	$249,631	$5,086
2021	$81,612	$60,211	$244,748	$21,401
2020	$54,780	$49,787	$224,938	$4,993
2019	$80,189	$59,469	$218,600	$20,720
2018	$59,861	$65,870	$197,775	$-6,009

KENT ASSOCIATION OF RIDING THERAPY