Sarasota Manatee Assoc for Riding Therapy Inc (EIN 650043354) - 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

1987

Legal Domicile

Principal Officer

Angela Smith Williams

Phone

4806941398

Tax Period

2024-01-01 to 2024-12-31

Sarasota Manatee Assoc for Riding Therapy Inc, founded in 1987, is a small nonprofit that reported $335K in total revenue in fiscal year 2024. Expenses of $293K left a modest 13% surplus.

Mission

The Organization is dedicated to enriching the lives of people with special needs through theraputic horse related programs. Tagline Empowering lives through the healing power of horses.

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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 (2024)

Revenue Breakdown

Contributions & Grants $312,145

Program Service Revenue $11,260

Investment Income $1

Other Revenue $11,520

TOTAL REVENUE $334,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,754

Fundraising Expenses $6,937

Program Expenses $267,849

Other Expenses $205,116

TOTAL EXPENSES $292,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,926	$316,002	+0.1%
Expenses	$292,870	$433,115	-0.3%
Net Income	$42,056	$-117,113	-1.4%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren Merchan	President	2	Officer Director	$0	$0	$0
Angela Smith	Sec Treasurer	2	Officer Director	$0	$0	$0
Danielle Curti	V-President	2	Officer Director	$0	$0	$0
Leslie Emery	Director	2	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	$334,926	$292,870	$1,169,616	$42,056
2023	$316,002	$433,115	$1,177,531	$-117,113
2022	$505,367	$501,000	$1,309,046	$4,367
2021	$340,518	$412,317	$1,366,021	$-71,799
2020	$348,844	$267,970	$1,469,567	$80,874
2019	$297,294	$276,749	$1,212,757	$20,545
2018	$407,923	$261,302	$1,227,893	$146,621

Sarasota Manatee Assoc for Riding Therapy Inc