THE SADDLE LIGHT CENTER FOR THERAPEUTIC HORSEMANSHIP

EIN: 742612738 501(c)(3) Human Services

SELMA, TX

Total Revenue
$369,556
Total Expenses
$258,621
Total Assets
$281,322
Net Assets
$280,103
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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
1991
Legal Domicile
TX
Principal Officer
KERSTIN L FOSDICK
Phone
2106515574
Tax Period
2024-01-01 to 2024-12-31

THE SADDLE LIGHT CENTER FOR THERAPEUTIC HORSEMANSHIP, founded in 1991, is a small nonprofit in the Human Services sector that reported $370K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 30% operating margin.

Mission

PROVIDE EQUESTRIAN THERAPY FOR CHILDREN, TEENAGERS AND ADULTS WITH NEUROLOGICAL, ORTHOPEDIC, LEARNING, EMOTIONAL AND OTHER DISABILITES.

Program Service Accomplishments

Program 1
Expenses: $222,892 Revenue: $86,755

PROVIDED THERAPEUTIC HORSE RIDING LESSONS TO DISABLED PERSONS OF ALL AGES. APPROXIMATELY 45 PEOPLE RIDE ON A WEEKLY BASIS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $261,182
Program Service Revenue $86,755
Investment Income $4,135
Other Revenue $17,484
TOTAL REVENUE $369,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $125,337
Fundraising Expenses $5,145
Program Expenses $222,892
Other Expenses $133,284
TOTAL EXPENSES $258,621

Year-over-Year Comparison

2024 2023 Change
Revenue $369,556 $234,354 +0.6%
Expenses $258,621 $237,285 +0.1%
Net Income $110,935 $-2,931 -38.8%
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

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Governance

Voting Members
8
Independent Members
7
Employees
11
Volunteers
257

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
3
$47,794
Total Directors
8
$47,794
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERSTIN L FOSDICK PRESIDENT 40.00
Officer Director
$47,794 $0 $47,794
VICKI HOWARD SECRETARY 5.00
Officer Director
$0 $0 $0
BRUCE JENNINGS DIRECTOR 2.00
Director
$0 $0 $0
ALISON GRAGG DIRECTOR 2.00
Director
$0 $0 $0
JOLANDA STRAATHOF DIRECTOR 2.00
Director
$0 $0 $0
CLINT BUTLER TREASURER 5.00
Officer Director
$0 $0 $0
ANNE WALKER BOARD MEMBER 2.00
Director
$0 $0 $0
KATRINA ARTHUR DIRECTOR 2.00
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 $369,556 $258,621 $281,322 $110,935
2023 $234,354 $237,285 $164,679 $-2,931
2022 $235,029 $252,131 $163,232 $-17,102
2021 $207,819 $229,632 $189,635 $-21,813
2020 $201,185 $179,764 $200,045 $21,421
2019 $322,932 $221,773 $174,947 $101,159
2018 $196,549 $227,565 $72,959 $-31,016
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