Healing Strides of Virginia
Nonprofit profile at a glance
- EIN
- 541594325
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Boones Mill, VA, USA
- Phone
- 5403345825
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $980,669
- Expenses
- $1,166,551
- Assets
- $988,078
- Liabilities
- $319,323
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CAROL YOUNG (CEO)
- J DAVID WRIGHT (PRESIDENT)
Highest reported compensation
- CAROL YOUNG (CEO): $71,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote wellness for people with personal challenges who can benefit from equine-assisted activities and therapies in a safe and supportive environment.
What it reported doing in 2024
Mental health, education and coaching: our mhec program grew considerably with serving the population of adults with substance abuse. We were able to serve a new 60 people a week in this program just with substance abuse, finding that we made a major change in their outlook and perspective for their life. We have had graduates of this program come back and share that they are still sober and that we made the difference. We also added an evidence based model, called brief strategic family therapy to our services and being the second licensed facility in the state and the only facility to add horses to the model. A rare accomplishment. We had the first therapist/coach become fully paneled in our state. Foster children and children of trauma are still our primary target and working with them individually and also with their families has shown to make changes that have become sustainable. We have grown our field trips and one time visits substantially and find that we are able to see children say their first words in a short period of time due to the quick relationship that is built with the horse. In both programs we have served over 12,000 horse/human interactions, 18,000 volunteer hours given to us by our community helping us to serve 65 distinct disabilities and numerous complex disabilities. Along with continuing to grow the existing programs we added the several mentioned above. Healing strides is recognized as a leader in our industry.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.8%; rating input score 89
- Fundraising efficiency: $14.4 raised per $1 spent on fundraising; rating input score 49; 49th 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: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -19%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.85; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 13.1% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 11.8% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.8% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1M in reported program spending
- Leadership: top reported pay $72K · 7 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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: 2 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- High — Sustainability: Operating margin scored 10/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.