VICTORY REINS NFP
Mission Statement
Victory Reins mission is to provide therapeutic equine recreational activities for children and adults so they can experience the bond that is created between horse and rider. This empowers them to be Victorious in all areas of life and reach their fullest potential. Victory Reins was founded to enhance the lives of physically, cognitively, emotionally, and socially challenged individuals through horsemanship. Horseback riding helps individuals to achieve an enriched quality of life through equine assisted therapy and promotes confidence that overflows into other areas of their lives.
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
|
100.0% | 80.5% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.1 mo | 29.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
85.3% | 99.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-36.8% | -2.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-10.8% | -1.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-10.7% | 13.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $69K | $76K | $89K | 100.0% | — |
| 2022 | $109K | $85K | $97K | 100.0% | — |
| 2021 | $93K | $61K | N/A | — | 1 |
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