Loving Steps Riding Academy Inc

Nonprofit profile at a glance

EIN
270749153
IRS 990-EZ coverage
2011–2023
Forms available
Form 990-EZ 2023
Location
Amarillo, TX, USA
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Rehabilitative Medical Services

Reported finances

Revenue
$145,292
Expenses
$139,728
Assets
$180,745

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Stacey Mech (President and CEO PATH Intl Instructor)

People named in this filing

  • Stacey Mech (President and CEO PATH Intl Instructor)
  • Carol Moore-Easterday (Director)
  • Cynthia Mech (Secretary Treasurer Administrator)

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

To offer hope and improve quality of life for children and adults with special needs through Therapeutic Horseback Riding. Students learn to bond with and care for horses during lessons.They also learn to ride strengthening overall body control and confidence increasing a sense of well-being and independence.

What it reported doing in 2023

Horses are used for therapeutic tools for all children and adults with impaired mental physical and behavioral challenges. Improvements are measurable for strength balance self-control gross and fine motor skills spatial awareness independence and overall body control. We have 10-15 volunteers per year and offer mentoring programs to local high schoolers including those with special needs. Loving Steps provided 30-35 sessions per week for clients in 2023.

Operating model

Revenue model
Earned-program. 79% of the money available for current operations came from fees and other program revenue.
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. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.9%; rating input score 79
  • Program expense ratio: 82.1%; rating input score 82

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 3.8%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 1.29; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 42.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 15.6% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 78.9% of revenue deployed · 82.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $115K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2011 to 2023
  • 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.

  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.