HOLISTIC RIDING EQUESTRIAN THERAPY (EIN 814664274) - 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

2017

Legal Domicile

Principal Officer

MARLENE F KARMAN

Phone

6303354892

Tax Period

2023-01-01 to 2023-12-31

HOLISTIC RIDING EQUESTRIAN THERAPY, founded in 2017, is a small nonprofit in the Health Care sector that reported $521K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $98K, a strong 19% operating margin.

Mission

WE STRIVE TO IMPROVE PHYSICAL, EMOTIONAL, COGNITIVE AND SOCIAL ASPECTS OF THE LIVES OF INDIVIDUALS WITH SPECIAL NEEDS AND VETERANS BY PROVIDING THERAPEUTIC RIDING LESSONS, CLASSES AND FARM EXPERIENCES. WE HARNESS THE SPIRIT OF THE HORSE TO CHANGE LIVES.

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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 $149,753

Program Service Revenue $314,486

Investment Income $4,765

Other Revenue $51,966

TOTAL REVENUE $520,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,955

Fundraising Expenses $19,403

Program Expenses $316,605

Other Expenses $344,325

TOTAL EXPENSES $423,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$520,970	$697,428	-0.3%
Expenses	$423,280	$428,493	0.0%
Net Income	$97,690	$268,935	-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

117

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

$72,500

Total Directors

$72,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLENE F KARMAN	PRESIDENT & EXEC DIR	55.00	Officer Director	$72,500	$0	$72,500
ANNEMARIE SHEFFIELD	SECRETARY	2.00	Director	$0	$0	$0
JOHN BARSANTI	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	No data	No data	No data	No data
2023	$520,970	$423,280	$1,666,794	$97,690
2022	$697,428	$428,493	$1,631,030	$268,935
2021	$512,421	$310,408	$327,670	$202,013
2020	$264,811	$296,198	$135,673	$-31,387
2019	$323,330	$281,816	$137,755	$41,514

HOLISTIC RIDING EQUESTRIAN THERAPY