THREE RIVERS HORSE TRAILS 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

2019

Legal Domicile

Principal Officer

ANDI ADAMS

Phone

2604155012

Tax Period

2024-01-01 to 2024-12-31

THREE RIVERS HORSE TRAILS INC, founded in 2019, is a micro nonprofit in the Animal-Related sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 1661% operating deficit.

Mission

THREE RIVERS HORSE TRAILS IS DEDICATED TO THE DEVELOPMENT AND ECONOMIC IMPACT OF A UNIQUE RESOURCE WHEREBY THE PUBLIC CAN ENJOY SAFE TRAVEL BY HORSEBACK FOR RECREATION, CONNECTIVITY, AND QUALITY OF LIFE THROUGHOUT NORTHEAST INDIANA.

Program Service Accomplishments

Program 1

Expenses: $30,992

THREE RIVERS HORSE TRAILS (TRHT) IS DEDICATED TO THE DEVELOPMENT AND ECONOMIC IMPACT OF A UNIQUE RESOURCE WHEREBY THE PUBLIC CAN ENJOY SAFE TRAVEL BY HORSEBACK FOR RECREATION, CONNECTIVITY AND...

THREE RIVERS HORSE TRAILS (TRHT) IS DEDICATED TO THE DEVELOPMENT AND ECONOMIC IMPACT OF A UNIQUE RESOURCE WHEREBY THE PUBLIC CAN ENJOY SAFE TRAVEL BY HORSEBACK FOR RECREATION, CONNECTIVITY AND QUALITY OF LIFE THROUGHOUT NORTHEAST INDIANA. IN 2024 TRHT OPENED THE ALLEN COUNTY EQUESTRIAN COURSE AT 5417 EAST PAULDING ROAD IN FORT WAYNE, INDIANA. THIS COURSE INCLUDES 10 MILES OF TRAIL, 30 OBSTACLES AND A LARGE TRAILHEAD. THE TRAILS MEANDER THROUGH THE WOODS AND AROUND SCENIC FARMLAND. THE TRAILHEAD INCLUDES AMPLE PARKING, A PAVILION AND A HANDICAPPED ACCESSIBLE MOUNTING BLOCK. BEFORE THIS PARK WAS BUILT ALLEN COUNTY HAD ONE OF THE HIGHEST POPULATIONS OF HORSES IN THE STATE OF INDIANA BUT NO PUBLICLY ACCESSIBLE EQUESTRIAN TRAILS. ALLEN COUNTY ALSO HAS MULTIPLE BARNS THAT WORK WITH PEOPLE WITH DISABILITIES AND MILITARY VETERANS. UNTIL THIS PARK WAS BUILT, THEY HAD NOWHERE TO RIDE OUTSIDE OF AN ARENA. IN ITS FIRST YEAR, MANY LOCAL RIDERS UTILIZED THE PARK AS WELL AS PEOPLE FROM AS FAR AWAY AS CENTRAL AND NORTHWEST INDIANA, OHIO, AND MICHIGAN. THIS PROJECT WON THE STATEWIDE GREENWAYS FOUNDATION'S ANNUAL AWARD FOR OUTSTANDING TRAIL PROJECT BECAUSE IT ATTRACTS RIDERS FROM OUTSIDE OF THE COUNTY TO BRING IN ADDITIONAL LOCAL REVENUE AND GIVES LOCAL EQUESTRIANS OF ALL ABILITIES A CLOSE PLACE TO TRAIL RIDE.

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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 $1,773

Program Service Revenue $0

Investment Income $0

Other Revenue $40

TOTAL REVENUE $1,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,992

Other Expenses $31,924

TOTAL EXPENSES $31,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,813	$251,432	-1.0%
Expenses	$31,924	$1,026	+30.1%
Net Income	$-30,111	$250,406	-1.1%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDI ADAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRANDI LEININGER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CATHY EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA MAURER	TREASURER	1.00	Officer Director	$0	$0	$0
RICH BECK	DIRECTOR	1.00	Director	$0	$0	$0
KARA BRANNOCK	DIRECTOR	1.00	Director	$0	$0	$0
BARB CANTWELL	DIRECTOR	1.00	Director	$0	$0	$0
DUANE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY KRIZO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MAHOCKER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MCCLELLAN	DIRECTOR	1.00	Director	$0	$0	$0
DAWN RITCHIE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TIPPMAN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN SROUFE	DIRECTOR	1.00	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	$1,813	$31,924	$225,244	$-30,111
2023	$251,432	$1,026	$255,355	$250,406