HORSEBACK MIRACLES INC (EIN 846035941) - 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

1961

Legal Domicile

Principal Officer

Terry Draper

Phone

3036813115

Tax Period

2023-01-01 to 2023-12-31

HORSEBACK MIRACLES INC, founded in 1961, is a micro nonprofit that reported $97K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 50% operating deficit.

Mission

Horseback Miracles' mission, guided by its Equine-Assisted Sensory-Based Therapy Program, is to reduce the impact that mental illnesses and neurological disorders have on our youth, their families, their school environments/programs, and ultimately to create a more rational thought process for our participants to use in making their life choices and decisions.

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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 $21,976

Program Service Revenue $74,809

Investment Income $0

Other Revenue $0

TOTAL REVENUE $96,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,751

Fundraising Expenses $0

Program Expenses $145,428

Other Expenses $143,677

TOTAL EXPENSES $145,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,785	$263,963	-0.6%
Expenses	$145,428	$226,486	-0.4%
Net Income	$-48,643	$37,477	-2.3%

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

N/A

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
Terry Draper	CEO / ED	60	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	$96,785	$145,428	$591,987	$-48,643
2022	$263,963	$226,486	$171,926	$37,477
2021	$136,156	$228,513	$134,449	$-92,357
2020	$264,992	$237,632	$249,386	$27,360
2019	$425,114	$419,046	$72,026	$6,068

HORSEBACK MIRACLES INC