MARYLAND THERAPEUTIC RIDING INC (EIN 522035698) - 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

1996

Legal Domicile

Principal Officer

JERRY HOUSAND

Phone

4109236800

Tax Period

2023-01-01 to 2023-12-31

MARYLAND THERAPEUTIC RIDING INC, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $964K left a modest 7% surplus.

Mission

IMPROVING THE QUALITY OF LIFE OF CHILDREN, ADULTS, ACTIVE MILITARY AND VETERANS WITH SPECIAL NEEDS BY CONNECTING HUMANS AND HORSES IN A HEALING ENVIRONMENT.

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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 $685,926

Program Service Revenue $328,421

Investment Income $15,998

Other Revenue $2,945

TOTAL REVENUE $1,033,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $479,828

Fundraising Expenses $14,149

Program Expenses $888,598

Other Expenses $484,469

TOTAL EXPENSES $964,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,033,290	$1,122,275	-0.1%
Expenses	$964,297	$849,037	+0.1%
Net Income	$68,993	$273,238	-0.7%

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

269

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

$95,402

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER LITWAK	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY HOUSAND	TREASURER	1.00	Officer Director	$0	$0	$0
LESLIE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY SPIESMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE WHALEN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM GARLOW	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN COOPER	DIRECTOR	1.00	Director	$0	$0	$0
KIM DECHELLO	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN GRANT	DIRECTOR	1.00	Director	$0	$0	$0
KRYSTA HERRING	DIRECTOR	1.00	Director	$0	$0	$0
ELISSA BORGES	DIRECTOR	1.00	Director	$0	$0	$0
KELLY RODGERS	EXECUTIVE DIRECTOR	40.00	Officer	$95,402	$0	$95,402

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	$1,033,290	$964,297	$2,527,382	$68,993
2022	$1,122,275	$849,037	$2,410,172	$273,238
2021	$950,444	$649,354	$2,693,995	$301,090
2020	$959,633	$632,809	$2,451,978	$326,824
2019	$868,209	$890,053	$2,633,492	$-21,844
2018	$1,058,502	$1,070,171	$2,658,403	$-11,669

MARYLAND THERAPEUTIC RIDING INC