RIDING WITH HEART (EIN 571233216) - 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

2006

Legal Domicile

Principal Officer

CARLA HARBOURT

Phone

9087355912

Tax Period

2023-01-01 to 2023-12-31

RIDING WITH HEART, founded in 2006, is a small nonprofit in the Human Services sector that reported $417K in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 48% operating margin.

Mission

THE MISSION OF RIDING WITH HEART IS TO IMPROVE THE QUALITY OF LIFE OF PHYSICALLY AND COGNITIVELY CHALLENGED ADULTS, CHILDREN AND THEIR FAMILIES TO PROVIDE YOUTH DEVELOPMENT THROUGH OUR DIVERSIFIED EQUINE ASSISTED PROGRAMS

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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 $341,907

Program Service Revenue $56,435

Investment Income $69

Other Revenue $18,709

TOTAL REVENUE $417,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,113

Fundraising Expenses $0

Program Expenses $144,507

Other Expenses $114,131

TOTAL EXPENSES $217,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,120	$186,819	+1.2%
Expenses	$217,244	$115,991	+0.9%
Net Income	$199,876	$70,828	+1.8%

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
RICHARD DEFUCCIO	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT PARSONS	TRUSTEE	N/A	Director	$0	$0	$0
SUZANNE SMITH	TRUSTEE	N/A	Director	$0	$0	$0
CARLA HARBOURT	EXECUTIVE DI	N/A	Officer	$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	No data	No data	No data	No data
2023	$417,120	$217,244	$775,793	$199,876
2023	No data	No data	No data	No data
2022	$186,819	$115,991	$582,555	$70,828
2021	$142,952	$176,867	$519,317	$-33,915
2020	$161,310	$128,558	$551,928	$32,752
2019	$171,452	$146,259	$463,620	$25,193
2018	$188,802	$150,907	$441,716	$37,895

RIDING WITH HEART