Horses for Mental Health

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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

2021

Legal Domicile

Phone

7195012724

Tax Period

2024-01-01 to 2024-12-31

Horses for Mental Health, founded in 2021, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum.

Mission

TO INCREASE AWARENESS, PUBLIC ENGAGEMENT, FUNDS, AND ACCESS TO PROGRAMS INCORPORATING HORSES FOR MENTAL HEALTH AND PERSONAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $1,100,856 Revenue: $1,047,358

TO INCREASE AWARENESS, PUBLIC ENGAGEMENT, FUNDS, AND ACCESS TO PROGRAMS INCORPORATING HORSES FOR MENTAL HEALTH AND PERSONAL GROWTH.

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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 $1,047,358

Program Service Revenue $0

Investment Income $0

Other Revenue $-301

TOTAL REVENUE $1,047,057

Expense Breakdown

Grants Paid $705,142

Salaries & Benefits $50,000

Fundraising Expenses $0

Program Expenses $1,100,856

Other Expenses $346,607

TOTAL EXPENSES $1,101,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,057	$405,361	+1.6%
Expenses	$1,101,749	$376,984	+1.9%
Net Income	$-54,692	$28,377	-2.9%

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

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN THOMAS	President	5.00	Officer	$50,000	$0	$50,000
JACQUE BAUMER	Vice President	3.00	Officer	$0	$0	$0
MELISSA KITCHEN	Director	3.00	Officer	$0	$0	$0
M SCOTT GILPIN	Secretary	1.00	Officer	$0	$0	$0
ADDISON CROOK	Treasurer	1.00	Officer	$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	$1,047,057	$1,101,749	$55,064	$-54,692
2023	$405,361	$376,984	$110,208	$28,377
2022	$170,786	$110,210	$81,379	$60,576