LEGEND EQUINE FACILITATED THERAPY INC

EIN: 831476643 501(c)(3) Animal-Related

MOSCOW, ID

Total Revenue
$21,460
Total Expenses
$117,043
Total Assets
$83,952
Net Assets
$83,952
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
ID
Principal Officer
LYNN A FRALEY
Phone
5097108171
Tax Period
2023-01-01 to 2023-12-31

LEGEND EQUINE FACILITATED THERAPY INC, founded in 2020, is a micro nonprofit in the Animal-Related sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 445% operating deficit.

Mission

To provide therapeutic mental health services based on interactions between horses and humans.

Program Service Accomplishments

Program 1
Expenses: $33,470 Revenue: $21,460

The provision of therapeutic mental health services based on interactions between horses and humans

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,460
Investment Income $0
Other Revenue $0
TOTAL REVENUE $21,460

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,143
Fundraising Expenses $0
Program Expenses $33,470
Other Expenses $89,900
TOTAL EXPENSES $117,043

Year-over-Year Comparison

2023 2022 Change
Revenue $21,460 $137,907 -0.8%
Expenses $117,043 $110,282 +0.1%
Net Income $-95,583 $27,625 -4.5%
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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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
1
$27,143
Total Directors
3
$27,143
Key Employees
1
$27,143
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN FRALEY PRESIDENT 40
Officer Director Key Emp
$27,143 $0 $27,143
MORGAN FRALEY SECRETARY 20
Director
$0 $0 $0
RYAN FRALEY DIRECTOR 10.00
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
2023 $21,460 $117,043 $83,952 $-95,583
2022 $137,907 $110,282 $154,260 $27,625
2021 $163,871 $172,151 $65,706 $-8,280
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