HEARTS & HORSES INC

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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

1997

Legal Domicile

Principal Officer

JANET POLLEMA

Phone

9706634200

Tax Period

2024-07-01 to 2025-06-30

HEARTS & HORSES INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2024. Net assets of $5.3M represent 24 months of operating reserves.

Mission

EQUINE ASSISTED THERAPEUTIC SERVICES TO INDIVIDUALS WITH DISABILITIES AND SPECIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $905,628 Revenue: $326,602

THE THERAPEUTIC RIDING PROGRAM SERVES PARTICIPANTS BY TEACHING RIDING SKILLS TO PARTICIPANTS WITH PHYSICAL AND COGNITIVE DISABILITIES. OUR PATH INTERNATIONAL CERTIFIED THERAPEUTIC RIDING INSTRUCTORS WORK WITH THE RIDERS TO PARTICIPATE IN A RECOGNIZED SPORT AND TO DEVELOP INDEPENDENT SKILLS THAT CARRY OVER TO THEIR EVERYDAY LIVES. ONCE THEY ARE MOUNTED, MANY OF OUR RIDERS EXPERIENCE A FREEDOM OF MOTION AND ABILITY THAT THEY DO NOT OR CANNOT ENJOY IN OTHER ASPECTS OF THEIR LIVES.

Program 2

Expenses: $803,209 Revenue: $289,666

THE CHANGING LEADS PROGRAM SERVES AT RISK YOUTHS, PROVIDING THEM WITH THE OPPORTUNITY TO FORM A MEANINGFUL CONNECTION WITH A HORSE. YOUTH SERVED RANGE IN AGE FROM 4-18 WITH A VARIETY OF DIAGNOSES...

THE CHANGING LEADS PROGRAM SERVES AT RISK YOUTHS, PROVIDING THEM WITH THE OPPORTUNITY TO FORM A MEANINGFUL CONNECTION WITH A HORSE. YOUTH SERVED RANGE IN AGE FROM 4-18 WITH A VARIETY OF DIAGNOSES INCLUDING DEPRESSION, ATTENTION DEFICIT HYPERACTIVITY DISORDER, CONDUCT DISORDER, BIPOLAR DISORDER, AND POSTTRAUMATIC STRESS DISORDER. GOALS INCLUDE BUILDING TRUST, RESPECT, EMPATHY, CONFIDENCE, AND POSITIVE ATTITUDES.

Program 3

Expenses: $467,203 Revenue: $168,490

THE VETERANS PROGRAM SERVES VETERANS WHO SUFFER FROM POST TRAUMATIC STRESS DISORDER (PTSD) ALONG WITH A VARIETY OF OTHER DEBILITATING DISABILITIES INCLUDING TRAUMATIC BRAIN INJURY, ANXIETY DISORDER, DEPRESSION, AND BACK PAIN. VETERANS NOTED AN IMPROVEMENT OF THEIR OVERALL MOOD, A DECREASE IN PTSD SYMPTOMS, IMPROVED OVERALL SENSE OF WELL-BEING, AND BETTER RELATIONS WITH FAMILY AND FRIENDS AFTER PARTICIPATING IN THE PROGRAM.

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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 $1,768,460

Program Service Revenue $859,780

Investment Income $74,055

Other Revenue $-101,216

TOTAL REVENUE $2,601,079

Expense Breakdown

Grants Paid $642,221

Salaries & Benefits $1,336,921

Fundraising Expenses $145,944

Program Expenses $2,336,596

Other Expenses $690,087

TOTAL EXPENSES $2,669,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,601,079	$2,439,767	+0.1%
Expenses	$2,669,229	$2,509,972	+0.1%
Net Income	$-68,150	$-70,205	0.0%

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

371

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

$109,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCGINLEY	PRESIDENT	8.00	Officer Director	$0	$0	$0
SARAH MORGAN	SECRETARY	5.00	Officer Director	$0	$0	$0
KIM BUXBAUM	TREASURER	4.00	Officer Director	$0	$0	$0
BOB DEHN	DIRECTOR	8.00	Director	$0	$0	$0
JARED GOODMAN	DIRECTOR	5.00	Director	$0	$0	$0
TRACY HOGUE	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH KEARNEY	DIRECTOR	5.00	Director	$0	$0	$0
JOHN MOTSCHALL	DIRECTOR	5.00	Director	$0	$0	$0
DWIGHT SAILER	DIRECTOR	5.00	Director	$0	$0	$0
JANET POLLEMA	EXECUTIVE DIRECTOR	40.00	Officer	$101,998	$7,858	$109,856

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
2025	$2,601,079	$2,669,229	$5,484,443	$-68,150
2024	$2,439,767	$2,509,972	$5,531,681	$-70,205
2023	$2,282,264	$2,144,202	$5,635,647	$138,062
2022	$2,127,938	$1,699,067	$5,378,414	$428,871
2021	$1,672,014	$1,271,208	$5,014,435	$400,806
2020	$1,439,071	$1,309,686	$4,633,475	$129,385
2019	$2,245,732	$1,296,427	$4,640,307	$949,305
2018	$2,062,571	$1,213,236	$3,472,983	$849,335