Gaitway Therapeutic Horsemanship

Gaitway Therapeutic Horsemanship shows asset growth but inconsistent operating surpluses and increased liabilities in recent years.

EIN: 203367886 · Saint Gabriel, LA · NTEE: P99 · Updated: 2026-03-28

$587KRevenue

$276KAssets

75/100Mission Score (Good)

P99

About Gaitway Therapeutic Horsemanship

Gaitway Therapeutic Horsemanship (EIN: 203367886) is a nonprofit organization based in Saint Gabriel, LA, classified under NTEE code P99. The organization reported total revenue of $587K and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gaitway Therapeutic Horsemanship's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Gaitway Therapeutic Horsemanship demonstrates a fluctuating financial performance over the past decade, with recent years showing higher revenue but also increased expenses. In 2022, the organization reported $327,062 in revenue against $398,303 in expenses, resulting in a deficit. This trend of expenses exceeding revenue was also observed in 2020 and 2019. However, 2021 and 2018 showed surpluses, indicating an inconsistent financial stability. The organization's assets have grown significantly, from $77,140 in 2014 to $332,206 in 2022, which is a positive indicator of long-term capacity. Liabilities also saw a substantial increase in 2022 to $247,957, which warrants closer examination to understand its nature and impact on financial health. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and donor confidence in this area.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Gaitway Therapeutic Horsemanship with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Gaitway Therapeutic Horsemanship allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting resources are directly allocated to programs and operations.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Gaitway Therapeutic Horsemanship's IRS 990 filings:

Inconsistent operating surpluses, with deficits in 2022, 2020, and 2019.
Significant increase in liabilities to $247,957 in 2022, up from $5,897 in 2021, which warrants further scrutiny.

Strengths

The following positive indicators were identified for Gaitway Therapeutic Horsemanship:

Consistent 0% officer compensation, indicating strong commitment to mission-focused spending.
Significant growth in assets from $77,140 in 2014 to $332,206 in 2022, enhancing long-term capacity.
Demonstrated ability to generate substantial revenue, with latest revenue at $587,380.

Frequently Asked Questions about Gaitway Therapeutic Horsemanship

What caused the significant increase in liabilities to $247,957 in 2022?

The IRS 990 data shows a sharp rise in liabilities from $5,897 in 2021 to $247,957 in 2022. Further investigation into the specific nature of these liabilities (e.g., program-related debt, capital expenditures, or other obligations) would be necessary to understand their impact on the organization's financial stability.

How does Gaitway Therapeutic Horsemanship plan to address the operating deficits observed in 2022, 2020, and 2019?

In 2022, expenses exceeded revenue by $71,241. Similar deficits occurred in 2020 ($6,155) and 2019 ($34,179). Understanding the organization's strategy to achieve consistent operating surpluses is crucial for long-term sustainability.

What is the breakdown of program expenses, and how effectively are these funds being utilized?

While the overall program spending appears strong, a detailed breakdown of how program funds are allocated (e.g., horse care, instructor salaries, facility maintenance for therapy) would provide deeper insight into the efficiency and impact of their therapeutic horsemanship services.

Filing History

IRS 990 filing history for Gaitway Therapeutic Horsemanship showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Gaitway Therapeutic Horsemanship's revenue has grown by 835.5%, moving from $35K to $327K. Total assets increased by 2108.5% over the same period, from $15K to $332K. Total functional expenses rose by 908.8%, from $39K to $398K. In its most recent filing year (2022), Gaitway Therapeutic Horsemanship reported a deficit of $71K, with expenses exceeding revenue. The organization holds $248K in liabilities against $332K in assets (debt-to-asset ratio: 74.6%), resulting in net assets of $84K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$327K	$398K	$332K	$248K	—	View 990
2021	$467K	$417K	$161K	$6K	—	View 990
2020	$370K	$377K	$110K	$30K	—	View 990
2019	$263K	$297K	$77K	$0	—	View 990
2018	$410K	$391K	$106K	$76	—	View 990
2017	$446K	$350K	$161K	$54K	—	View 990
2016	$267K	$321K	$69K	$58K	—	View 990
2015	$143K	$185K	$70K	$4K	—	—
2014	$175K	$209K	$77K	$0	—	View 990
2013	$153K	$99K	$108K	$0	—	View 990
2012	$104K	$47K	$70K	$15K	—	View 990
2011	$35K	$39K	$15K	$17K	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $327K, expenses of $398K, and assets of $332K (revenue -29.9% year-over-year).
2021: Revenue of $467K, expenses of $417K, and assets of $161K (revenue +26.0% year-over-year).
2020: Revenue of $370K, expenses of $377K, and assets of $110K (revenue +40.8% year-over-year).
2019: Revenue of $263K, expenses of $297K, and assets of $77K (revenue -35.8% year-over-year).
2018: Revenue of $410K, expenses of $391K, and assets of $106K (revenue -8.0% year-over-year).
2017: Revenue of $446K, expenses of $350K, and assets of $161K (revenue +67.0% year-over-year).
2016: Revenue of $267K, expenses of $321K, and assets of $69K (revenue +86.5% year-over-year).
2015: Revenue of $143K, expenses of $185K, and assets of $70K (revenue -18.1% year-over-year).
2014: Revenue of $175K, expenses of $209K, and assets of $77K (revenue +14.0% year-over-year).
2013: Revenue of $153K, expenses of $99K, and assets of $108K (revenue +47.4% year-over-year).
2012: Revenue of $104K, expenses of $47K, and assets of $70K (revenue +197.5% year-over-year).
2011: Revenue of $35K, expenses of $39K, and assets of $15K.

Data Sources and Methodology

This transparency report for Gaitway Therapeutic Horsemanship is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.