Medicine Horse Program EIN 84-1558664 Form 990 (PDF) Claim this org

Medicine Horse Program FY2024 filing

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Provides equine therapy to improve mental health and life skills for at-risk individuals and families. For fiscal year 2024 it reported $303K in revenue, $467K in expenses, and $213K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Longmont, CO
Website
www.medicinehorse.org
Filings
6 on file (2020–2024)
Revenue
$303KFY2024
Expenses
$467K
Net assets
$213K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  84-1558664 Public charity (501(c)(3)) Longmont, CO
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides equine therapy to improve mental health and life skills for at-risk individuals and families.
Leadership
Corey Hollister · Executive Director · $82K
Money in and out
$303K revenue, $467K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$467K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$165K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.13 Fundraising $0.17
Program efficiency
70%
of spending reaches programs
Operating runway
5.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-54%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$303K
FY2024▼ -32%
Expenses
$467K
FY2024▲ +15%
Total assets
$250K
FY2024▼ -35%
Total liabilities
$37K
FY2024▼ -40%
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$467K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$165K
Total assetsPt X · Ln 16$250K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMedicine Horse Program
EINHdr · item D84-1558664
Principal addressHdr · item CLongmont, CO
WebsiteHdr · item Jwww.medicinehorse.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F30)
Ruling yearIRS BMFOct 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$81,785Pt VII · Sec A
Development Director
$47,500Pt VII · Sec A
Programs Manager
$43,046Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A

Ania Wells’s $57K as Development Director is at the 43rd percentile of top reported officer pay among 2082 $100K–1M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Corey Hollister$81,785$75,000
Ania Wells$57,000$47,500
Natalie Longhini$49,271$51,877$42,085
Anna Casperin$48,750
Anna Birman$43,046
Tabitha Farrar$17,955
Devin Waugh$5,673

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $327K of program spending, described in the organization's own filed words · FY2024.
01

Medicine Horse offers a variety of equine-based psychotherapy programs for groups, including: Wholeness with Horses seeks to enable women impacted by breast cancer to rediscover themselves, reconnect with the wisdom of their own bodies and return to a place of wholeness.

$327Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$189K · 62%
Other revenue$55K · 18%
Program service revenue$52K · 17%
Investment income$7K · 2%
Contributions & grants62%$189K
Other revenue18%$55K
Program service revenue17%$52K
Investment income2%$7K
— government grantsLn 1e$80K
Total revenueLn 12$303K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.13 Fundraising $0.17
Program services70%$327K
Management & general13%$63K
Fundraising17%$78K
Total functional expensesLn 25$467K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$250K
Total liabilitiesLn 26$37K
Total net assetsLn 32$213K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $219K · Operating expenses/yr $467K
5.6 months
Where the money goes
Program services
Program services $327K · Total expenses $467K
70%
Management & General
Management & general $63K · Total expenses $467K
13%
Fundraising
Fundraising $78K · Total expenses $467K
17%
Cost to raise $1
Fundraising expense (3-yr avg) $67K · Solicited contributions (3-yr avg) $152K
$0.44 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $189K · Total revenue $303K
62%
Government reliance
Government grants $80K · Total revenue $303K
26%
Earned-income share
Program service revenue $52K · Total revenue $303K
17%
Investment reliance
Investment income $7K · Total revenue $303K
+2%
Program self-sufficiency
Program service revenue $52K · Total expenses $467K
11%
Growth & trend
Revenue growth (YoY)
This year $303K · Prior year $446K
-32%
Revenue CAGR
FY2020 $118K · FY2024 $303K
+27%
Net-asset trend (YoY)
End of year $213K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $303K · Expenses $467K
-54%
Liabilities-to-Assets
Total liabilities — · Total assets $250K
Net-asset ratio
Net assets $213K · Total assets $250K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $250K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Corey Hollister · Reported title Executive Director · Highest reported compensation $82K · Total expenses $467K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $192K · Total expenses $467K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 13%
Fundraising cost ratio 41%
Revenue growth -32%
Fundraising fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
The Weld TrustFY2024$28K
Total grants receivedfrom 5 funders$133K
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$583K revenue · ⤓ 990 PDF
FY2024$303K revenue · viewing · ⤓ 990 PDF
FY2023$446K revenue · ⤓ 990 PDF
FY2022$361K revenue · ⤓ 990 PDF
FY2021$212K revenue · ⤓ 990 PDF
FY2020$118K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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