PLATINUM2023

Therapeutic Horses of Saratoga Inc

Rescued retired racehorses promoting therapeutic wellness in mental health treatment.

SARATOGA SPGS, NY   |  http://www.thsaratoga.com/
GuideStar Charity Check

Therapeutic Horses of Saratoga Inc

EIN: 82-5164821


Mission

The mission of THS is to rescue and retrain retired racehorses to become valuable partners with people engaged in therapeutic programs.

Ruling year info

2018

Principal Officer

Erin Christopher-Sisk

Main address

683 ROUTE 29

SARATOGA SPGS, NY 12866 USA

Show more contact info

EIN

82-5164821

Subject area info

Domesticated animals

Out-patient medical care

Human services

Population served info

Adults

Military personnel

Veterans

NTEE code info

Fund Raising and/or Fund Distribution (D12)

Human Services - Multipurpose and Other N.E.C. (P99)

Health Treatment Facilities (Primarily Outpatient) (E30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Our greatest need currently is infrastructure funding for hay storage. In order to reduce our long-term costs, we need to be able to purchase hay directly from our local farms so that we are able to obtain hay at the lowest cost. To do this, we need to store the hay in large quantities throughout the year. We are in need of a 60x120 storage building for this purpose. The most recent estimated cost for this project is $550,000.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Racehorse Rescue

Therapeutic Horses of Saratoga, Inc. (THS) is a not-for-profit organization who supports retired racehorses in leading a peaceful, safe and meaningful life by rescuing and retraining our horses for therapeutic programming.

Population(s) Served
Adults
Children and youth
Families
Non-adult children
Parents

Therapeutic Horses of Saratoga, Inc. is an organization that supports our troops. We encourage local providers to utilize our horses to provide EAL services to Active Duty and National Guard military members, Reservists, Veterans, and their families.
For individuals who need financial assistance with this service, THS has created a scholarship fund to assist with the cost of equine assisted learning services.

Population(s) Served
Veterans
Military personnel

THS works in partnership with local certified equine therapists who provide Equine Assisted Learning Services (EAL) to our communities most vulnerable populations. This includes adults and children with mental illness and social difficulties, veterans, families and couples, victims of domestic violence and others in need of care.

For individuals who need financial assistance, THS created a scholarship fund for individuals interested in Equine Assisted Learning Services.

Population(s) Served
Adults

Where we work

Affiliations & memberships

Thoroughbred Aftercare Alliance 2021

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of animals with freedom from discomfort

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Number of animals rehabilitated

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Number of veterans who report a decrease in depression

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our goal is to reduce our hay expenses by being able to purchase hay directly from local farms when it is cut.

We continue to seek grant opportunities to support the cost of building a hay barn while also conducting fundraising campaigns.

Our capabilities are good as we have a strong and growing donor base as well as a successful grant writing team.

We have raised approximately $15,000 toward our goal. We have two upcoming fundraisers during the summer and fall of 2023 in which we plan to raise approximately $100,000 toward our goal. We are continuing to search for grant funding to assist with our financial needs.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Therapeutic Horses of Saratoga Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.06

Average of 0.01 over 4 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.6

Average of 0.2 over 4 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

32%

Average of 8% over 4 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Therapeutic Horses of Saratoga Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Therapeutic Horses of Saratoga Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Therapeutic Horses of Saratoga Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Therapeutic Horses of Saratoga Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2022
Unrestricted surplus (deficit) before depreciation -$49,831
As % of expenses -12.7%
Unrestricted surplus (deficit) after depreciation -$53,808
As % of expenses -13.6%
Revenue composition info
Total revenue (unrestricted & restricted) $341,321
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 0.0%
Investment income 0.0%
Government grants 0.0%
All other grants and contributions 92.7%
Other revenue 7.3%
Expense composition info
Total expenses before depreciation $391,152
Total expenses, % change over prior year 0.0%
Personnel 60.7%
Professional fees 3.7%
Occupancy 1.4%
Interest 0.8%
Pass-through 0.0%
All other expenses 33.4%
Full cost components (estimated) info 2022
Total expenses (after depreciation) $395,129
One month of savings $32,596
Debt principal payment $0
Fixed asset additions $29,079
Total full costs (estimated) $456,804

Capital structure indicators

Liquidity info 2022
Months of cash 0.6
Months of cash and investments 0.6
Months of estimated liquid unrestricted net assets -6.5
Balance sheet composition info 2022
Cash $19,900
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $103,815
Accumulated depreciation (as a % of LBE) 6.3%
Liabilities (as a % of assets) 151.7%
Unrestricted net assets -$113,565
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets -$113,565

Key data checks

Key data checks info 2022
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Erin Christopher-Sisk

Number of employees

Source: IRS Form 990

Therapeutic Horses of Saratoga Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Therapeutic Horses of Saratoga Inc

Board of directors
as of 05/01/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dr. Erin Christopher-Sisk

ECS Psychological Services, P.C.

Term: 2018 - 2026

James Sisk

Barrier Free Elevators

Erin Christopher-Sisk

ECS Psychological Services

Gregory Piper

Belgard Hardscapes

Andy O'Reilly

Stanley Security

Robin Malatino

Morgan and Stanley

Renee Hebert

Care Design

Danielle Wiltsie

Care Design

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 5/1/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 04/04/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.