TherHappy Therapy Services Inc
Nonprofit profile at a glance
- EIN
- 461069012
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2012
- Location
- Weeki Wachee, FL, USA
- Phone
- 7278629101
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
Reported finances
- Revenue
- $1,865,963
- Expenses
- $2,086,733
- Assets
- $1,284,329
- Liabilities
- $2,062,975
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Andrea S Clark (President/Treasurer)
- Chad E Clark (V-President/Secretary)
Highest reported compensation
- Andrea S Clark (President/Treasurer): $144,231 total reported compensation
- Chad E Clark (V-President/Secretary): $76,923 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Physical, occupational & speech therapy for children and adults with mild to severe neuromusculoskeletal dysfunction with the use of HippoTherapy.
What it reported doing in 2024
Physical, occupational & speech therapy services.
Operating model
- Revenue model
- Earned-program. 98% 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 filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Accountability: 84
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: 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: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.8%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 1.61; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 10.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 16.5% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 13% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 23.6% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $144K · 2 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- 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.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 15/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.