CLOVERLEAF EQUINE CENTER

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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

1998

Legal Domicile

Principal Officer

KELSEY GALLAGHER

Phone

7037640269

Tax Period

2023-01-01 to 2023-12-31

CLOVERLEAF EQUINE CENTER, founded in 1998, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO HELP EACH INDIVIDUAL REALIZE THEIR HIGHEST POTENTIAL BY PROVIDING EQUINE-ASSISTED SERVICES TO PEOPLE WITH DISABILITIES, YOUTH FROM MARGINALIZED COMMUNITIES, RECOVERING MILITARY PERSONNEL, AND OTHERS IN NEED, IN AN INCLUSIVE COMMUNITY SETTING.

Program Service Accomplishments

Program 1

Expenses: $905,984 Revenue: $279,647

CLOVERLEAF PROVIDED 5,562 RIDING, HORSEMANSHIP, PHYSICAL THERAPY, AND MENTAL HEALTH AND WELLNESS SESSIONS FOR INDIVIDUALS, MILITARY, AND SPECIAL GROUPS SUCH AS YOUTH FROM MARGINALIZED COMMUNITIES...

CLOVERLEAF PROVIDED 5,562 RIDING, HORSEMANSHIP, PHYSICAL THERAPY, AND MENTAL HEALTH AND WELLNESS SESSIONS FOR INDIVIDUALS, MILITARY, AND SPECIAL GROUPS SUCH AS YOUTH FROM MARGINALIZED COMMUNITIES. CLOVERLEAF ACCOMPLISHED THIS WITH A STAFF THAT INCLUDES 10 PATH CERTIFIED INSTRUCTORS, 3 THERAPISTS, 4 PATH EQUINE SPECIALISTS, AND 18 HORSES. CLOVERLEAF ALSO RECEIVED 13,239.50 VOLUNTEER HOURS PROVIDED BY 242 VOLUNTEERS IN 2023 AND 676 VOLUNTEER HOURS PROVIDED BY 13 BOARD OF DIRECTORS.FOR OVER FORTY YEARS, CLOVERLEAF HAS HELPED CLIENTS GAIN PHYSICAL AND MENTAL BENEFITS THROUGH RIDING AND INTERACTIVE SESSIONS WITH HORSES. CLOVERLEAF'S EQUINE-ASSISTED SERVICES INCLUDE THERAPEUTIC RIDING, PHYSICAL THERAPY, MENTAL HEALTH SERVICES,...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2...AND EQUINE-ASSISTED LEARNING. CLIENTS IMPROVE STRENGTH AND BALANCE AND BUILD SELF-CONFIDENCE, AMONG MANY OTHER BENEFITS. CLOVERLEAF SUBSIDIZES THE COSTS OF SERVICES AND PROVIDES SCHOLARSHIPS AS NEEDED FOR WEEKLY CLIENTS. SERVICES ARE PROVIDED AT NO COST TO THE YOUTH FROM MARGINALIZED COMMUNITIES AND RECOVERING MILITARY PERSONNEL (BOTH ACTIVE DUTY AND VETERANS), SO THAT COST IS NOT A BARRIER TO PARTICIPATION.

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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 $784,659

Program Service Revenue $259,989

Investment Income $40,764

Other Revenue $46,167

TOTAL REVENUE $1,131,579

Expense Breakdown

Grants Paid $2,448

Salaries & Benefits $644,948

Fundraising Expenses $190,530

Program Expenses $905,984

Other Expenses $742,437

TOTAL EXPENSES $1,389,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,131,579	$1,379,273	-0.2%
Expenses	$1,389,833	$1,369,686	+0.0%
Net Income	$-258,254	$9,587	-27.9%

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

255

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

$80,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUISE FOREMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY WILKLOW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLY HARBITTER	CHAIR	2.00	Officer Director	$0	$0	$0
MITCH MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BILLE	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLA CLINE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN EDELMAN	DIRECTOR	1.00	Director	$0	$0	$0
RITA NORTON	DIRECTOR	1.00	Director	$0	$0	$0
BOB BALDASSARI	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH VIENS DELAWARE	DIRECTOR	1.00	Director	$0	$0	$0
JAIME OCHOA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY GALLAGHER	EXECUTIVE DIRECTOR	30.00	Officer	$79,053	$1,563	$80,616

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	$1,131,579	$1,389,833	$9,052,289	$-258,254
2022	$1,379,273	$1,369,686	$9,259,204	$9,587
2021	$1,443,175	$1,044,432	$8,649,608	$398,743
2020	$1,074,824	$836,043	$7,449,852	$238,781
2019	$1,590,218	$809,393	$6,729,691	$780,825
2018	$1,502,915	$814,987	$6,040,250	$687,928