Naples Therapeutic Riding Center I… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

Laura Burns

Phone

2395962988

Tax Period

2023-01-01 to 2023-12-31

Naples Therapeutic Riding Center Inc, founded in 1997, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $978K, a strong 37% operating margin.

Mission

To provide therapeutic horseback riding for children and adults with special needs. Program services include weekly therapeutic horseback riding summer camps and other equine facilitated therapies.

Program Service Accomplishments

Program 1

Expenses: $1,454,044 Revenue: $157,955

In 2023, NTRC achieved remarkable growth and impact, furthering its mission to empower individuals through equine-assisted activities and therapies. Highlights of the year include: Program Growth...

In 2023, NTRC achieved remarkable growth and impact, furthering its mission to empower individuals through equine-assisted activities and therapies. Highlights of the year include: Program Growth: Expanded equine-assisted therapy offerings, including new unmounted programs, increasing accessibility for participants of all abilities. Facility Enhancements: Significant upgrades across our 8.5-acre facility, including new fencing and safety improvements to ensure a secure environment for our herd and riders. Community Impact: Served over 400 participants, including veterans, individuals with disabilities, and at-risk youth, fostering transformative experiences through equine connections. Volunteer Engagement: Welcomed 50 new volunteers and enhanced training programs to ensure the highest quality of service delivery. These milestones reflect the dedication of our staff, volunteers, and community partners who make our work possible. Together, we are transforming lives, one stride at a time.

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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 $2,412,708

Program Service Revenue $157,955

Investment Income $222,887

Other Revenue $-157,683

TOTAL REVENUE $2,635,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $828,482

Fundraising Expenses $84,673

Program Expenses $1,454,044

Other Expenses $829,605

TOTAL EXPENSES $1,658,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,635,867	$1,834,761	+0.4%
Expenses	$1,658,087	$1,798,366	-0.1%
Net Income	$977,780	$36,395	+25.9%

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

557

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

$136,189

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elise Coutre	Board Member	1.00	Director	$0	$0	$0
Jeff Fortier	Board Member	1.00	Director	$0	$0	$0
Carolyn Gullion	Board Member	1.00	Director	$0	$0	$0
Brian McNamara	Board Member	1.00	Director	$0	$0	$0
Sumner Nystedt	Board Member	1.00	Director	$0	$0	$0
Dr Bill Swartz	Board Member	1.00	Director	$0	$0	$0
Mario Valle	Board Member	1.00	Director	$0	$0	$0
Gregory Otis	President	1.00	Director Key Emp	$0	$0	$0
Connie Sharpe	Vice President	1.00	Director Key Emp	$0	$0	$0
Adrienne Doane	Treasurer	1.00	Director Key Emp	$0	$0	$0
Sara White	Secretary	1.00	Director Key Emp	$0	$0	$0
Martin de St Pierre	Executive Director	40.00	Key Emp	$136,189	$0	$136,189
Laura Burns	Executive Director	40.00	Key Emp	$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	$2,635,867	$1,658,087	$8,493,447	$977,780
2022	$1,834,761	$1,798,366	$8,494,281	$36,395
2021	$2,272,701	$1,696,365	$8,670,143	$576,336
2020	$1,671,277	$1,330,493	$6,869,805	$340,784
2019	$1,614,975	$1,225,770	$6,490,424	$389,205
2018	$1,447,775	$1,206,259	$6,072,763	$241,516

Naples Therapeutic Riding Center Inc