Horses of Course Inc
Nonprofit profile at a glance
- EIN
- 611764232
- IRS 990-EZ coverage
- 2016–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2015
- Location
- Blue Grass, IA, USA
- Phone
- 5635051010
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
Reported finances
- Revenue
- $57,283
- Expenses
- $56,987
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- BARB LANGLEY (EXECUTIVE DI)
- MICHELLE MENKE (BOARD MEMBER)
- JILL BOGART (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Horses of course, inc. Offers riding lessons and riding activities to the public at subsidized prices. In addition, horses of course, inc. Offers scout groups and other youth groups free tours of the stable.
What it reported doing in 2023
Hosting 4h club (denim & dust) by giving a special 4h lesson session each week and by taking members to five 4h horse shows each year. Members use horses of course horses and equipment. Donations cover the cost.
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. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.5%; rating input score 99
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0.5%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: -5.8% per year; rating input score 0; 34th percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 99.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $57K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2016 to 2023
- Contacts: How to reach this organization
- 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.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.