SANTA BARBARA, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTS THERAPEUTIC EQUESTRIAN CENTER, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $575K, a strong 49% operating margin.
SINCE 1985, HEARTS THERAPEUTIC EQUESTRIAN CENTER HAS WORKED WITH INDIVIDUALS WITH PHYSICAL, INTELLECTUAL, AND EMOTIONAL DISABILITIES IN SANTA BARBARA BY UTILIZING HORSES TO INSPIRE, EMPOWER, AND STRENGTHEN PEOPLE OF ALL AGES.
A: THERAPEUTIC RIDING FOR ALL AGES: HEARTS SERVES ALL AGES (FROM 4 TO 90+ YEARS OF AGE) IN SANTA BARBARA WITH RIDING INSTRUCTION TO ALLEVIATE SYMPTOMS OF STRESS AND OTHER FACTORS DUE TO DISABILITIES...
A: THERAPEUTIC RIDING FOR ALL AGES: HEARTS SERVES ALL AGES (FROM 4 TO 90+ YEARS OF AGE) IN SANTA BARBARA WITH RIDING INSTRUCTION TO ALLEVIATE SYMPTOMS OF STRESS AND OTHER FACTORS DUE TO DISABILITIES, DISEASE, OR ILLNESS. DISABILITIES INCLLUDE CERBRAL PALSY, SEIZURES, AUTISM, DOWN SYNDROME, MS, ALZHEIMER'S, CANCER, BLINDNESS, ANXIETY, MOBILITY IMPAIRMENT, AND PHYSICAL ABUSE. EACH PARTICIPANT IS ASSESSED BY A PATH (PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP) CERTIFIED INSTRUCTOR, AND AN UNIQUE CURRICULUM IS DESIGNED IN SUPPORT OF THE PARTICIPANT'S PHYSICAL AND LIFE GOALS. EVERY SEMESTER THE INSTRUCTOR PROVIDES A PROGRESS ASSESSMENT AND REVISTS THE GOALS OF THE PARTICIPANT. B: EQUINE FACILITATED PHSYCHOTHERAPY (EFP): PSYCHOTHERAPISTS AND SOCIAL WORKERS USE THE EQUINE TO WORK ONE-ON-ONE WITH CLIENTS AS AN ACTIVE PART OF THE CLIENTS' THERAPY ACTIVITIES. IN CONJUCTION WITH AN EQUINE SPECIALIST, THE CLIENT LEARNS ABOUT HORSES, THEIR COMMUNICATION, HERD BEHAVIOR, AND HOW BEHAVIOR IMPACTS OTHERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,171,622 | $552,777 | +1.1% |
| Expenses | $596,414 | $625,840 | 0.0% |
| Net Income | $575,208 | $-73,063 | -8.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOM BATEMAN | BOARD CHAIRMAN | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB MANNING | BOARD VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDY LOVETT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TREY EVANS | BOARD MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW WILSON | BOARD SECRETARY AND TREASU | 5.00 |
Director
|
$0 | $0 | $0 |
| BARRETT REED | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,171,622 | $596,414 | $1,657,304 | $575,208 |
| 2023 | $552,777 | $625,840 | $1,199,494 | $-73,063 |
| 2022 | $590,592 | $659,640 | $1,433,069 | $-69,048 |
| 2021 | $632,962 | $573,979 | $1,545,007 | $58,983 |
| 2020 | $741,890 | $482,086 | $1,179,718 | $259,804 |
| 2019 | $1,195,523 | $755,828 | $838,447 | $439,695 |
| 2018 | $696,251 | $765,004 | $382,562 | $-68,753 |
Compare HEARTS THERAPEUTIC EQUESTRIAN CENTER with other nonprofits in California and across the country.