EQUINE DREAMS
Mission Statement
Our faith enables us to nurture abilities in individuals with special needs. Equine Dreams is a 501c3 organization that provides Therapeutic Equine Assisted Activities to improve independence and quality of life for children and adults with special needs. Founded in 1996 by a special needs parent, Equine Dreams evolved from a pilot program to a Premier Accredited Center by the Professional Association of Therapeutic Horsemanship International (PATH, Intl,). Equine Dreams offers free services because our vision is to see individuals with special needs experience life-long learning in order to foster independence, regardless of ability and income.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.9% | 86.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.0% | 10.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.1% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
49.5 mo | 8.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.5% | 96.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
2.4% | 7.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-1.5% | 11.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
21.6% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $519K | $407K | $1.7M | 85.9% | 1 |
| 2022 | $506K | $413K | $1.6M | 86.9% | 1 |
| 2021 | $710K | $341K | N/A | — | 1 |
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