Flying Horse Farms

Nonprofit profile at a glance

EIN
203498125
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Mt Gilead, OH, USA
Phone
4197517077
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Camps

Official website

Reported finances

Revenue
$5,498,707
Expenses
$6,249,704
Assets
$19,952,410
Liabilities
$274,686

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • NICHOLE DUNN (CEO)

Highest reported compensation

  • NICHOLE DUNN (CEO): $329,965 total reported compensation
  • BETHANY UHL (MEDICAL DIRECTOR): $236,250 total reported compensation
  • SUSAN MURRAY (CFO): $130,715 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enrich the lives of children with serious illnesses and their families by providing the opportunity for transformational experiences through year-round, medically safe and cost-free camp experiences.

What it reported doing in 2025

In 2025, flying horse farms (fhf) marked 15 years of providing medically-safe, cost-free camp experiences for children with serious illnesses and their families. Since our founding, fhf has delivered over 12,000 camp experiences and engaged a dedicated community of over 8,500 general volunteers, who have contributed more than 500,000 service hours. Our 1,100 medical volunteers have provided nearly 65,000 hours of specialized care.this year alone, fhf provided over 1,000 camper experiences, with nearly 30% of participants being first-time campers. Our 2025 programming included 7 family camps, 7 residential camps, and several partner programs. These programs were supported by 1,900 general camp volunteers and an additional 1,400 volunteers through corporate partner workdays, who completed 110 projects and gave over 2,700 hours of service.a significant achievement this year was the successful conclusion of our 2022-2025 strategic plan. Key milestones included modernizing our camper engagement model for a post-pandemic environment, formally including mental health as a primary diagnosis, and diversifying revenue streams through new initiatives such as partner programs, guest experiences, and the establishment of an endowment fund.these strategic accomplishments have solidified fhf's position as a thriving organization, well-equipped to pursue its vision of making it possible for every kid with a serious illness can go to camp

Operating model

Revenue model
Donor-supported. 96% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.7%; rating input score 84
  • Program expense ratio: 73.7%; rating input score 74
  • Fundraising efficiency: $4.44 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -13.7%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 3.19; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 15.1%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 83.7% of revenue deployed · 73.7% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.6M in reported program spending
  • Leadership: top reported pay $330K · 26 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $579K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 22/100.