FAITH EQUESTRIAN THERAPEUTIC CENTER INC (EIN 721600917) - 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

2005

Legal Domicile

Principal Officer

BRIDGET SEAY

Phone

9126551448

Tax Period

2023-01-01 to 2023-12-31

FAITH EQUESTRIAN THERAPEUTIC CENTER INC, founded in 2005, is a small nonprofit in the Health Care sector that reported $180K in total revenue in fiscal year 2023. Expenses of $205K exceeded revenue, resulting in a 14% operating deficit.

Mission

FAITH EQUESTRIAN THERAPEUTIC CENTER'S MISSION IS TO OFFER EQUINE-ASSISTED THERAPEUTIC AND EDUCATIONAL ACTIVITIES TO HELP IMPROVE PHYSICAL, BEHAVIORIAL, COGNITIVE, AND EMOTIONAL FUNCTIONING IN INDIVIDUALS WITH DISABILITIES IN A FAMILY-FRIENDLY RECREATIONAL AND EDUCATIONAL ENVIRONMENT.

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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 $87,015

Program Service Revenue $49,247

Investment Income $4,694

Other Revenue $39,339

TOTAL REVENUE $180,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,506

Fundraising Expenses $11,512

Program Expenses $148,627

Other Expenses $111,851

TOTAL EXPENSES $205,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,295	$176,978	+0.0%
Expenses	$205,357	$245,652	-0.2%
Net Income	$-25,062	$-68,674	-0.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIFFANY BALDOCK	BOARD MEMBER	N/A	Director	$0	$0	$0
KELSEY ELAM	BOARD MEMBER	N/A	Director	$0	$0	$0
DARLA GWATLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
LOIS HILL	BOARD MEMBER	N/A	Director	$0	$0	$0
HEATHER MOATES	BOARD MEMBER	N/A	Director	$0	$0	$0
BRIDGET SEAY	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
JENNIFER VANGILLER	SECRETARY	N/A	Officer Director	$0	$0	$0
PATSY ZIEGLER	TREASURER	N/A	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	No data	No data	No data	No data
2023	$180,295	$205,357	$368,219	$-25,062
2022	$176,978	$245,652	$400,876	$-68,674
2021	$229,805	$256,965	$473,379	$-27,160
2020	$287,922	$262,418	$518,307	$25,504
2019	$333,763	$308,047	$491,815	$25,716
2018	$277,343	$266,818	$340,317	$10,525

FAITH EQUESTRIAN THERAPEUTIC CENTER INC