HORSES FOR HEALING INC

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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

1993

Legal Domicile

Principal Officer

GLENN HABERN

Phone

4797950570

Tax Period

2023-01-01 to 2023-10-31

HORSES FOR HEALING INC, founded in 1993, is a small nonprofit that reported $394K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 238% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS WITH SPECIAL NEEDS THROUGH THERAPEUTIC RIDING PROGRAMS, WITH AN EMPHASIS ON CHILDREN. PROGRAMS ARE PROVIDED REGARDLESS OF ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $1,329,108 Revenue: $391,458

HORSES FOR HEALING PROVIDES THERAPEUTIC RIDING FOR CHILDREN WHO HAVE SPECIAL NEEDS BECAUSE OF THEIR INDIVIDUAL DISABILITIES.

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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 $2,565

Program Service Revenue $7,612

Investment Income $383,846

Other Revenue $0

TOTAL REVENUE $394,023

Expense Breakdown

Grants Paid $1,241,247

Salaries & Benefits $88,619

Fundraising Expenses $0

Program Expenses $1,329,108

Other Expenses $2,823

TOTAL EXPENSES $1,332,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$394,023	$288,216	+0.4%
Expenses	$1,332,689	$346,243	+2.8%
Net Income	$-938,666	$-58,027	+15.2%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
MICHELLE WOLFE	DIRECTOR	Director	$0	$0	$0
GLENN HABERN	VICE PRESIDENT	Director	$0	$0	$0
DANIEL FIELDS	TREASURER	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	$394,023	$1,332,689	No data	$-938,666
2022	$288,216	$346,243	$954,409	$-58,027
2021	$339,382	$310,588	$1,015,419	$28,794
2020	$303,794	$429,627	$1,035,278	$-125,833
2019	$393,548	$526,547	$1,112,749	$-132,999
2018	$365,144	$484,756	$1,193,391	$-119,612