Pegasus Therapeutic Riding Center of Coachella Valley (EIN 953774003) - 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

1982

Legal Domicile

Principal Officer

Rex Buck Pruett

Phone

7607723057

Tax Period

2024-01-01 to 2024-12-31

Pegasus Therapeutic Riding Center of Coachella Valley, founded in 1982, is a small nonprofit in the Unknown sector that reported $308K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $462K exceeded revenue, resulting in a 50% operating deficit.

Mission

Elevating the capabilities of kids and adults with disabilities through therapeutic horseback riding.

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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 $327,963

Program Service Revenue $0

Investment Income $-28,326

Other Revenue $8,254

TOTAL REVENUE $307,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,435

Fundraising Expenses $50,453

Program Expenses $254,166

Other Expenses $180,222

TOTAL EXPENSES $461,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,891	$333,426	-0.1%
Expenses	$461,657	$391,604	+0.2%
Net Income	$-153,766	$-58,178	+1.6%

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

100

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

$93,222

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Heggie	Executive Dir.	40.00	Officer	$93,222	$0	$93,222
Rex Buck Pruett	Chairman	6.00	Officer Director	$0	$0	$0
Andrew Andy Dye	Vice President	2.50	Officer Director	$0	$0	$0
Kelly Scarinci	Treasurer	4.00	Officer Director	$0	$0	$0
Jon-Marc Blalock CPFA	Director	1.00	Director	$0	$0	$0
Penny Carpenter	Director	1.00	Director	$0	$0	$0
David Perez	Director	8.00	Director	$0	$0	$0
Heath Scarinci	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	$307,891	$461,657	$575,812	$-153,766
2023	$333,426	$391,604	$723,358	$-58,178
2022	$286,316	$414,673	$773,065	$-128,357
2021	$503,941	$387,279	$897,072	$116,662
2020	$188,845	$352,015	$1,173,295	$-163,170
2019	$305,134	$322,832	$797,276	$-17,698
2018	$181,373	$302,112	$765,838	$-120,739

Pegasus Therapeutic Riding Center of Coachella Valley