RIVERWOOD THERAPEUTIC RIDING CENTER

EIN: 561941069 501(c)(3) Human Services

TOBACCOVILLE, NC

Total Revenue
$516,913
Total Expenses
$629,835
Total Assets
$911,611
Net Assets
$906,552
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Principal Officer
JENNIFER KIRBY
Phone
3369226426
Tax Period
2024-01-01 to 2024-12-31

RIVERWOOD THERAPEUTIC RIDING CENTER, founded in 1997, is a small nonprofit in the Human Services sector that reported $517K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $630K exceeded revenue, resulting in a 22% operating deficit.

Mission

RIVERWOOD THERAPEUTIC RIDING CENTER PROVIDES CERTIFIED EQUINE-ASSISTED SERVICES AND FARM-BASED LEARNING OPPORTUNITIES FOR INDIVIDUALS WITH DIVERSE CAPABILITIES. RIVERWOOD IS A PREMIER ACCREDITED CENTER UNDER THE GUIDELINES OF THE PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP, INTERNATIONAL. CLIENTS SERVED INCLUDED THOSE WITH DEVELOPMENT DISABILITIES, DISABILITIES RESULTING FROM TRAUMA, ACQUIRED CHRONIC CONDITIONS, SOCIAL/EMOTIONAL DISABILITIES AND DIAGNOSED MENTAL HEALTH DISORDERS. ALL SERVICES THAT ARE PROVIDED INCLUDE A THOROUGH ASSESSMENT OF THE INDIVIDUAL AND THEIR NEEDS, A PHYSICIAN'S STATEMENT AND APPROPRIATE RELEASES AND EMERGENCY MEDICAL DOCUMENTS. A TREATMENT PLAN AND INDIVIDUAL SHORT AND LONG TERM GOALS ARE SET FOR EACH CLIENT ALONG WITH ONGOING PROGRESS NOTES. RIVERWOOD OPERATES ON A YEAR-ROUND SCHEDULE SERVING MORE THAN 200 CLIENTS EACH YEAR INCLUDING THOSE THAT COME THROUGH OUR LOCAL SCHOOL SYSTEMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $398,699
Program Service Revenue $108,924
Investment Income $1,501
Other Revenue $7,789
TOTAL REVENUE $516,913

Expense Breakdown

Grants Paid $6,165
Salaries & Benefits $431,325
Fundraising Expenses $66,114
Program Expenses $462,159
Other Expenses $192,345
TOTAL EXPENSES $629,835

Year-over-Year Comparison

2024 2023 Change
Revenue $516,913 $464,537 +0.1%
Expenses $629,835 $544,574 +0.2%
Net Income $-112,922 $-80,037 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
21
Volunteers
70

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
6
$95,880
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA MARTIN END MAY EXECUTIVE DI 40.00
Officer
$62,266 $1,712 $63,978
ANDREA KURTZ BEG SEPTEMBER EXECUTIVE DI 40.00
Officer
$31,902 $0 $31,902
MICHELLE SPEAS BOARD MEMBER 2.00
Director
$0 $0 $0
PHYLLIS BRITNELL BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER KIRBY BEG AUGUST BOARD MEMBER 2.00
Director
$0 $0 $0
CASEY RAYMER BOARD MEMBER 2.00
Director
$0 $0 $0
SALEM VEST BOARD MEMBER 2.00
Director
$0 $0 $0
JUSTINE BESTLER BOARD MEMBER 2.00
Director
$0 $0 $0
CHUCK HILL BOARD MEMBER 2.00
Director
$0 $0 $0
ZACH SHARPE END JULY BOARD MEMBER 2.00
Director
$0 $0 $0
SONJA MURRAY PRESIDENT 4.00
Officer Director
$0 $0 $0
JIM GALLAHER VP/ASST. TRE 2.00
Officer Director
$0 $0 $0
JENNIFER BARKSDALE TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA HICKS SECRETARY 2.00
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
2024 $516,913 $629,835 $911,611 $-112,922
2023 $464,537 $544,574 $1,016,440 $-80,037
2022 $488,575 $476,548 $1,086,784 $12,027
2021 $504,485 $462,186 $1,118,254 $42,299
2020 $524,258 $445,231 $1,067,555 $79,027
2019 $458,009 $476,556 $946,874 $-18,547
2018 $503,236 $443,079 $978,186 $60,157
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