James River Horse Foundation

What it reported doing in 2024

Inmate training program - this educational outreach program selects 8 to 10 candidates from the prision population at the State Farm Work Center every 12 weeks to participate in the vocational training program on a rotating basis. Each candidate is carefully screened by the Barn Manager in cooperation with the Assistant Warden & other correctional officers at the facility. This program has established a valuable public-governmental relationship with the VA Dept of Corrections ("VADOC") & is widely recognized for its contributions to the welfare & education of participating offenders & for marked reduction in reeidivism rates for these taking part in the outreach training program. Graduates of the program who have completed their sentence have gone on to successful employment as grooms, blacksmiths & workers at local area horse farms and race tracks such as Colonial Downs in New Kent, VA. The training program is supervised by the Barn Manager & follows an established & well-supervised curriculum having 3 levels of intensity & depth in horse care management & farm maintenance. Participants are transported by officers daily to Barn 4 to study equine nutrition & behaviors, basic veterinary care, & horse handling techniques & are tested on the materials & "graduate" through the levels. Guest speakers such as local veterinarians, trainers & farriers visit Barn 4 often to teach by example, enhancing the written materials & the hands on experience with the horses. Participants learn to work as a cooperative team, take on responsibilities & complete goals toward a certification that can aid them in obtaining employment after their release. JRHF, in cooperation with VADOC hosts "Open Barn" days when the public can visit Barn 4 & see the progress made by the inmates & the horses.

Financial Efficiency

• Mission deployment rate: 72.9%; rating input score 73
• Program expense ratio: 91.7%; rating input score 92
• Fundraising efficiency: $104.35 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 9th 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: 1 of 7 controls in place; rating input score 14
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 22%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 1.14; rating input score 44; 44th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 20.1% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 19.5% per year; rating input score 100; 84th percentile among comparable filings