The Children's Theraplay Foundation Inc
Nonprofit profile at a glance
- EIN
- 352121568
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Carmel, IN, USA
- Phone
- 3178724166
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
Reported finances
- Revenue
- $3,758,335
- Expenses
- $2,601,177
- Assets
- $7,221,360
- Liabilities
- $778,074
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- KATHY PELLETIER (EXECUTIVE DIRECTOR)
- MIKE MARTIN (PRESIDENT)
- MIKE CASTOR (VICE-PRESIDENT)
- LISA KOBEK (PAST-PRESIDENT)
Highest reported compensation
- KATHY PELLETIER (EXECUTIVE DIRECTOR): $123,436 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Medical facility providing physical, occupational and speech therapy for children with a wide range of special needs, including down syndrome, autism, cerebral palsy and many more. We see children from 18 months to 13 years old.
What it reported doing in 2024
The three primary programs of our organization are our physical therapy program, our occupational therapy program and our speech therapy program. Our physical therapy program combines our child focused clinic with hippotherapy (using the movement of a horse as a treatment tool) to develop and strengthen the gross motor skills children with disabilities require to stand, crawl, jump or reach other milestones. Our occupational therapy program combines a sensory rich clinic with hippotherapy to develp and strengthen fine motor skills that children with special needs require to partake in daily activites (occupations), such as self feeding, self dressing, playing appropriately with peers and more. Our speech therapy program goes beyond the spoken word to help kiddos achieve communication milestones, by incorporating sign language, using communication devices, recognizing and encouraging non-verbal cues, and more. Children's theraplay provided 11,917 therapy sessions in 2024 and served 328 unique clients.
Operating model
- Revenue model
- Donor-supported. 63% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.7%; rating input score 60
- Program expense ratio: 84.9%; rating input score 85
- Fundraising efficiency: $11.41 raised per $1 spent on fundraising; rating input score 42; 42nd 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.8%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 2.78; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 16.8% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 59.7% of revenue deployed · 84.9% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.2M in reported program spending
- Leadership: top reported pay $123K · 16 people listed
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Fundraising efficiency scored 42/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 55/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.