Therapeutic Horsemanship of Ridgecrest - Thor

Nonprofit profile at a glance

EIN: 822520445
IRS 990-EZ coverage: 2020–2024
Forms available: Form 990-EZ 2024, Form 990-N 2019
Location: Ridgecrest, CA, USA
Phone: 7603715817
Rating: 84
Verdict: STRONG
Rating confidence: Moderate
Sector: Animal Training, Behavior

Reported finances

Revenue: $21,461
Expenses: $17,759
Assets: $309
Liabilities: $309

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

CANDICE COFFEE (EXECUTIVE DIRECTOR)

People named in this filing

DAVE CREASEY (DIRECTOR)
CORI SLOAN (DIRECTOR)
CANDICE COFFEE (EXECUTIVE DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Equine therapy for mental and physical special needs

What it reported doing in 2024

Provide equine assisted activity therapy for for mental physically challenged individuals in the community of ridgecrest ca.

Operating model

Revenue model: Earned-program. 75% 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. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 89
Transparency & Controls: 82
Sustainability: 42
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 82.8%; rating input score 83
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 17.2%; rating input score 70; 70th percentile among comparable filings
Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 23.7% per year; rating input score 100; 84th percentile among comparable filings
Revenue growth: 16.5% per year; rating input score 100; 88th percentile among comparable filings
Asset growth: 15.8% per year; rating input score 100; 82nd percentile among comparable filings

Details

Where the money goes: 82.8% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $18K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 6 of 7 current checks pass · 1 finding to review
Schedules: 2 filed schedules
Filing history: 5 filing years from 2020 to 2024
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
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 — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
High — Sustainability: Total-asset coverage ratio scored 6/100.
High — Sustainability: Liabilities to assets ratio scored 5/100.
Review — Sustainability: Officer compensation ratio scored 56/100.