Cincinnati Therapeutic Riding and Horsem Horsemanship

Nonprofit profile at a glance

EIN
311122134
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Milford, OH, USA
Phone
5138317050
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$589,543
Expenses
$488,763
Assets
$1,650,256
Liabilities
$158,360

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • SALLY THOMAS HAYES (PAST PRESIDENT)
  • REBECCA REDER (VICE PRESIDENT (LEFT 2024))
  • JANET TAYLOR (CO-PRESIDENT)
  • SANDRA ROWEKAMP (CO-PRESIDENT)
  • JENNY EVANS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JENNY EVANS (EXECUTIVE DIRECTOR): $55,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide equine-assisted services to children and adults with disabilities in the greater cincinnati area including a comprehensive recreational and threapeutic horseback riding program.

What it reported doing in 2024

Adaptive recreational riding: adaptive recreational riding is taught in group riding lessons. Riders with varying types and degrees of disabilities can be as young as four years old and continue through adulthood. Each class of two to four riders is taught by a path, intl. Certified instructor. Each rider has a volunteer horse leader and up to two volunteer side walkers. Participants develop horsemanship skills while simultaneously experiencing the joy of riding and accruing therapeutic benefits both cognitive and physical. Additionaly, participants learn how to care for horses by participating in grooming, tacking and untacking, and benefit emotionally from the bond they form with them.

Operating model

Revenue model
Donor-supported. 72% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 66
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.3%; rating input score 61
  • Program expense ratio: 74%; rating input score 74
  • Fundraising efficiency: $16.11 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.1%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 3.38; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 61.3% of revenue deployed · 74% of spending went to programs
  • Governance: 15 of 15 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $362K in reported program spending
  • Leadership: top reported pay $55K · 16 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.