Stable Friendships Foundation Inc
Nonprofit profile at a glance
- EIN
- 990975333
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Bedford, NY, USA
- Phone
- 9143577688
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
Reported finances
- Revenue
- $258,980
- Expenses
- $245,777
- Assets
- $43,305
- Liabilities
- $30,102
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- RANDY FALCO (PRESIDENT)
- JESSICA FALCO (VICE PRESIDENT / TREASURER)
- MELISSA JARZYNSKI (VICE PRESIDENT)
- LYDIA STERNFELD TO 112024 (VICE PRESIDENT / SECRETARY)
- LAURA MERINO AS OF 122024 (VICE PRESIDENT / SECRETARY)
Highest reported compensation
- JESSICA FALCO (VICE PRESIDENT / TREASURER): $21,000 total reported compensation
- MELISSA JARZYNSKI (VICE PRESIDENT): $21,000 total reported compensation
- LYDIA STERNFELD TO 112024 (VICE PRESIDENT / SECRETARY): $12,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The stable friendships foundation is dedicated to providing access to holistic and evidence-based treatment for individuals with special needs. Our approach combines various outdoor wellness and educational activities to promote the overall health and well-being of children and their families, regardless of their financial circumstances.
What it reported doing in 2024
Promoting of hippotherapy servicesthe organization's objectives of promoting hippotherapy will have significant benefits to the target population. Hippotherapy is a unique therapeutic approach that involves the interaction of patients with horses to enhance physical, cognitive, and emotional development. Hippotherapy utilizes physical, occupational, and speech-language therapeutic practices in conjunction with equine movement. Research suggests an observable connection between hippotherapy and improvements in three habits of daily life (mobility, communication, and interpersonal relationships). According to the american hippotherapy association, horses can take up to 2,500 steps within a 30-minute clinical session. The effect on the patient is 2,500 facilitatory steps - movements that help enhance and speed up a patient's progress towards achieving identified treatment goals. These results cannot be replicated in any other therapeutic setting. Hippotherapy sessions involve specially trained horses to facilitate physical, sensory and emotional changes for patients. Each patient is specially matched with a horse to assist in meeting the specific identified treatment goals for each patient.support for hippotherapy servicesa core component of the organization's mission is to support the provision of hippotherapy services delivered by licensed physical therapists, occupational therapists, and speech-language therapists to individual patients within the target population. To further the organization's charitable, educational, and scientific objectives, we promote and enhance access to hippotherapy services while raising public awareness and understanding of its benefits. To this end, the organization has facilitated the establishment of a pllc that collaborates with licensed therapists, becoming an integral part of our efforts to promote hippotherapy within our programs.
Operating model
- Revenue model
- Donor-supported. 79% 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.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 92
- Accountability: 71
- Sustainability: 30
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51%; rating input score 51
- Program expense ratio: 53.8%; rating input score 54
- Fundraising efficiency: $32.09 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 76.9%; rating input score 77; 20th 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: Fail
- 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: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 24.4%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 51% of revenue deployed · 53.8% of spending went to programs
- Governance: 10 of 13 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $132K in reported program spending
- Leadership: top reported pay $21K · 15 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 4 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 — Financial Efficiency: Mission deployment rate scored 51/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Review — Sustainability: Operating margin scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 15/100.