Project Ride 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

1981

Legal Domicile

Phone

9166857433

Tax Period

2024-07-01 to 2025-06-30

Project Ride Inc, founded in 1981, is a small nonprofit that reported $675K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.8M represent 32 months of operating reserves.

Mission

TO PROVIDE THERAPEUTIC HORSEBACK RIDING TO PERSONS WITH PHYSICAL, MENTAL AND EMOTIONAL DISABILITIES

Program Service Accomplishments

Program 1

Expenses: $573,010

Clients served this year numbered 587. We opened a new outdoor sensory trail that included 15 sensory stations and footing plots. This will allow us to spend additional time outside, which is where the kids want to be. We conducted three major fundraisers, added a new staff member, and participated in a new fundraiser put on just for tuition assistance.

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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 $279,405

Program Service Revenue $230,596

Investment Income $46,747

Other Revenue $117,825

TOTAL REVENUE $674,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,892

Fundraising Expenses $37,804

Program Expenses $573,010

Other Expenses $296,628

TOTAL EXPENSES $668,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$674,573	$714,685	-0.1%
Expenses	$668,520	$605,078	+0.1%
Net Income	$6,053	$109,607	-0.9%

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

Volunteers

167

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

$114,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danny Ford	Director	40.00	Officer	$114,372	$0	$114,372
KIM HETTRICK	President	2.00	Officer Director	$0	$0	$0
Jeff Alley	Director	2.00	Director	$0	$0	$0
DUANE TADLOCK	Secretary	2.00	Officer Director	$0	$0	$0
LEON VANDERSPEK	Vice President	2.00	Officer Director	$0	$0	$0
Syd Highley	Treasurer	2.00	Officer Director	$0	$0	$0
Eric McDonald	Director	2.00	Director	$0	$0	$0
AMY SOUZA	Director	2.00	Director	$0	$0	$0
GRETCHEN BRINK	Director	2.00	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
2025	$674,573	$668,520	$1,801,123	$6,053
2024	$714,685	$605,078	$1,754,080	$109,607
2023	$904,017	$530,499	$1,650,887	$373,518
2022	$560,307	$446,801	$1,229,420	$113,506
2021	$426,015	$320,160	$1,314,176	$105,855
2020	$443,221	$500,130	$1,089,226	$-56,909
2019	$579,188	$526,940	$1,078,754	$52,248