Courage Reins

Highland, UT · Public charity (501(c)(3)) · Health Care

✓ Tax-deductible
Revenue
$825K
+17% vs prior year
Spent
$890K
To programs
83%
Net assets
$74K
By yearFY2020–FY2024
Revenue
$825K
FY2024▲ +17%
Revenue by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$755K
FY2023$704K
FY2024$825K
Expenses
$890K
FY2024▼ -12%
Expenses by fiscal year
FY2020$963K
FY2021$994K
FY2022$1.1M
FY2023$1.0M
FY2024$890K
Net assets
$74K
FY2024▼ -46%
Net assets by fiscal year
FY2020$631K
FY2021$749K
FY2022$445K
FY2023$139K
FY2024$74K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCourage Reins
EINHdr · item D87-0618601
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2000
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHighland, UT
NTEE classificationIRS BMFHealth Care (E50)
WebsiteHdr · item Jwww.couragereins.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.12 Fundraising $0.05
Program services83%$740K
Management & general12%$108K
Fundraising5%$41K
Total functional expensesLn 25$890K

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate▼ -47% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$76K
FY2024▼ -46%
Total assets by fiscal year
FY2020$645K
FY2021$751K
FY2022$446K
FY2023$140K
FY2024$76K
Total liabilities
$1K
FY2024▼ -11%
Total liabilities by fiscal year
FY2020$15K
FY2021$2K
FY2022$1K
FY2023$2K
FY2024$1K
Revenue less expensesPt I · Ln 19−$65K
Total assetsPt X · Ln 16$76K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$76K
Total liabilitiesLn 26$1K
Total net assetsLn 32$74K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Contributions & grants$499K · 61%
Program service revenue$272K · 33%
Other revenue$50K · 6%
Contributions & grants61%$499K
Program service revenue33%$272K
Other revenue6%$50K
Investment income$3K
Total revenueLn 12$825K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $46K · Operating expenses (Pt IX) $890K · Less non-cash grants $230K · Cash operating expenses/yr $660K
0.8 months
Where the money goes
Program services
Program services $740K · Total expenses $890K
83%
Management & General
Management & general $108K · Total expenses $890K
12%
Fundraising
Fundraising $41K · Total expenses $890K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $35K · Solicited contributions (3-yr avg) $506K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $499K · Total revenue $825K
61%
Government reliance
Government grants — · Total revenue $825K
—
Earned-income share
Program service revenue $272K · Total revenue $825K
33%
Investment reliance
Investment income $3K · Total revenue $825K
+0.4%
Program self-sufficiency
Program service revenue $272K · Total expenses $890K
31%
Growth & trend
Revenue growth (YoY)
This year $825K · Prior year $704K
+17%
Revenue CAGR
FY2020 $1.0M · FY2024 $825K
-5%
Net-asset trend (YoY)
End of year $74K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $825K · Expenses $890K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $76K
—
Net-asset ratio
Net assets $74K · Total assets $76K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $76K
0%
People & payroll
Highest Reported Total Compensation
Individual Dennis Bromley · Reported title Director · Highest reported compensation $108K · Total expenses $890K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $534K · Total expenses $890K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 12%——
Fundraising cost ratio 8%——
Revenue growth 17%——
Investment management fee ratio 0%——
Legal fee ratio 0.1%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$108,500Pt VII · Sec A
$53,200Pt VII · Sec A
$25,799Pt VII · Sec A
$24,808Pt VII · Sec A
$1,058Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dennis Bromley’s $108K as Director is at the 84th percentile of top reported officer pay among 1980 $100K–1M health care 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dennis Bromley$108,500$140,119$141,000$55,847—
Will Marriott———$103,200$99,272
Sage J O'Brien——$29,781$65,000$63,093
Kamille N Bowers$53,200$51,095$46,864$35,488$31,872
Seth Crossley—$46,098$52,887——
Ashley Powell——$47,416$47,303$41,039
Charlene Lenkart$25,799————
Nancy McMurtrey$24,808————

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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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Helps people with challenges through horse therapy and mental health services.

Provided by the organization

This section is blank until Courage Reins claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $740K of program spending, described in the organization's own filed words · FY2024.
01

To improve the lives of individuals with physical, mental, and emotional challenges through equine-assisted therapies specifically, therapeutic horsemanship, occupational therapy, and mental and behavioral health therapy.

$740Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $825K$890K+17% 990 PDF
FY2023 $704K$1.0M-7% 990 PDF
FY2022 $755K$1.1M-32% 990 PDF
FY2021 $1.1M$994K+8% 990 PDF
FY2020 $1.0M$963K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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