THE SADDLE LIGHT CENTER FOR THERAPEUTIC HORSEMANSHIP (EIN 742612738) - 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

1991

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$47,794

Total Directors

$47,794

Key Employees

Highest Compensated

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

THE SADDLE LIGHT CENTER FOR THERAPEUTIC HORSEMANSHIP