Three Rivers Horse Trails Inc
Nonprofit profile at a glance
- EIN
- 843403044
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Fort Wayne, IN, USA
- Phone
- 2604155012
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $1,813
- Expenses
- $31,924
- Assets
- $225,244
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- ANDI ADAMS (PRESIDENT)
People named in this filing
- ANDI ADAMS (PRESIDENT)
- BRANDI LEININGER (VICE PRESIDE)
- CATHY EDWARDS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Three rivers horse trails is dedicated to the development and economic impact of a unique resource whereby the public can enjoy safe travel by horseback for recreation, connectivity, and quality of life throughout northeast Indiana.
What it reported doing in 2024
Three rivers horse trails (trht) is dedicated to the development and economic impact of a unique resource whereby the public can enjoy safe travel by horseback for recreation, connectivity and quality of life throughout northeast Indiana. In 2024 trht opened the allen county equestrian course at 5417 east paulding road in fort wayne, Indiana. This course includes 10 miles of trail, 30 obstacles and a large trailhead. The trails meander through the woods and around scenic farmland. The trailhead includes ample parking, a pavilion and a handicapped accessible mounting block. Before this park was built allen county had one of the highest populations of horses in the state of Indiana but no publicly accessible equestrian trails. Allen county also has multiple barns that work with people with disabilities and military veterans. Until this park was built, they had nowhere to ride outside of an arena. In its first year, many local riders utilized the park as well as people from as far away as central and northwest Indiana, Ohio, and Michigan. This project won the statewide greenways foundation's annual award for outstanding trail project because it attracts riders from outside of the county to bring in additional local revenue and gives local equestrians of all abilities a close place to trail ride.
Operating model
- Revenue model
- Donor-supported. 61% 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
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: 88
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 34
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.1%; rating input score 97
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1,660.8%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 7.06; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 198.4% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: -197.1% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -12.5% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.1% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $31K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.