Whispering Manes Therapeutic Riding Center Inc
Nonprofit profile at a glance
- EIN
- 273697303
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Miami, FL, USA
- Phone
- 3055964204
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $606,899
- Expenses
- $670,508
- Assets
- $3,088,046
- Liabilities
- $209
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- HELEN PICARD (EXECUTIVE DI): $133,712 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to benefit children and adults with special needs or disabilities by offering them the opportunity to interact with dedicated horses in a manner that promotes physical, mental and emotional well being. We believe that people can develop therapeutic relationships with horses, crossing boundaries of speech and physical disabilities in a way that encourages healing and improved self esteem. The goal is to use equine assisted activities as therapeutic tools for people with physical, emotional, or mental disabilities that will result in significant benefit to the participant without any adverse effects to the horse. To this end, we will create a series of equine assisted activity programs designed to benefit people with a wide range of backgrounds and disabilities.
What it reported doing in 2024
In fiscal year 2025: we expanded our partnership with wellspring to offer additional bounce programs, and they have regularly scheduled equine-assisted sessions with their mental health therapists. We continued to offer programming in partnership with the friendship circle and down syndrome association of miami. We continued our program for veterans on saturday afternoons.
Operating model
- Revenue model
- Donor-supported. 82% 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 a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.6%; rating input score 71
- Program expense ratio: 63.2%; rating input score 63
- Fundraising efficiency: $3.88 raised per $1 spent on fundraising; rating input score 12; 12th 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.5%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 4.61; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 19.9%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: -0.5% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 70.6% of revenue deployed · 63.2% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $424K in reported program spending
- Leadership: top reported pay $134K · 13 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 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.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 15/100.