Civic Intelligence

Ironstone Therapy Inc.

990 • Fiscal year 2023 • EIN 04-3420288

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 11, 2024

450 Lowell StreetAndover, MA 01810

(978) 475-4056

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

2.76x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

21st percentile

-18%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

15th percentile

-35%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-5.6%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$15,584

Down $8,271 (-35%) from 2022

Net Assets

Down

-$27,400

Down $30,133 (-1103%) from 2022

Liabilities

Up

$42,984

Up $21,862 (+104%) from 2022

Revenue

Down

$171,293

Down $10,127 (-5.6%) from 2022

Expenses

Up

$201,426

Up $19,455 (+11%) from 2022

Net Income

Down

-$30,133

Down $29,582 (-5369%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50KAssets 2010: $25,911Liabilities 2010: $3,401Net Assets 2010: $22,5102010Assets 2011: $35,695Liabilities 2011: $5,032Net Assets 2011: $30,6632011Assets 2012: $16,412Liabilities 2012: $2,072Net Assets 2012: $14,3402012Assets 2013: $18,481Liabilities 2013: $1,837Net Assets 2013: $16,6442013Assets 2014: $15,600Liabilities 2014: $2,604Net Assets 2014: $12,9962014Assets 2015: $26,262Liabilities 2015: $3,383Net Assets 2015: $22,8792015Assets 2016: $34,964Liabilities 2016: $5,170Net Assets 2016: $29,7942016Assets 2017: $44,663Liabilities 2017: $12,881Net Assets 2017: $31,7822017Assets 2018: $19,374Liabilities 2018: $3,413Net Assets 2018: $15,9612018Assets 2019: $42,808Liabilities 2019: $43,162Net Assets 2019: -$3542019Assets 2020: $36,848Liabilities 2020: $53,386Net Assets 2020: -$16,5382020Assets 2021: $16,906Liabilities 2021: $13,622Net Assets 2021: $3,2842021Assets 2022: $23,855Liabilities 2022: $21,122Net Assets 2022: $2,7332022Assets 2023: $15,584Liabilities 2023: $42,984Net Assets 2023: -$27,4002023Assets 2024: $2,546Liabilities 2024: $10,846Net Assets 2024: -$8,3002024

Highlighted filing

2023

Assets$15,584
Liabilities$42,984
Net Assets-$27,400

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $232,6212010Expenses 2011: $175,5872011Revenue 2012: $154,337Expenses 2012: $170,660Net Income 2012: -$16,3232012Revenue 2013: $178,386Expenses 2013: $176,082Net Income 2013: $2,3042013Revenue 2014: $181,519Expenses 2014: $185,167Net Income 2014: -$3,6482014Revenue 2015: $191,214Expenses 2015: $181,331Net Income 2015: $9,8832015Revenue 2016: $200,342Expenses 2016: $193,427Net Income 2016: $6,9152016Revenue 2017: $194,188Expenses 2017: $192,200Net Income 2017: $1,9882017Revenue 2018: $174,278Expenses 2018: $190,099Net Income 2018: -$15,8212018Revenue 2019: $173,154Expenses 2019: $189,469Net Income 2019: -$16,3152019Revenue 2020: $40,414Expenses 2020: $56,598Net Income 2020: -$16,1842020Revenue 2021: $80,592Expenses 2021: $60,770Net Income 2021: $19,8222021Revenue 2022: $181,420Expenses 2022: $181,971Net Income 2022: -$5512022Revenue 2023: $171,293Expenses 2023: $201,426Net Income 2023: -$30,1332023Revenue 2024: $225,479Expenses 2024: $206,379Net Income 2024: $19,1002024

Highlighted filing

2023

Revenue$171,293
Expenses$201,426
Net Income-$30,133
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 11, 2024
Return Version
2023v5.0
Gross Receipts
$171,293
Mission and Program Overview

Mission

Ironstone therapy's purpose is to provide physical, psychological, occupational, speech, and education related therapy services to handicapped children and adults.

To provide life-changing equine-assisted services that foster the human- horse connection to help individuals and families with physical, cognitive, and emotional challenges experience healing and joy while realizing their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$13,638$13,026▼ $612
Cash and Non-Interest-Bearing Accounts$10,217$2,558▼ $7,659
Total Assets$23,855$15,584▼ $8,271
Liabilities
Accounts Payable and Accrued Expenses$17,624$39,486▲ $21,862
Deferred Revenue$3,498$3,498→ $0
Total Liabilities$21,122$42,984▲ $21,862
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,733$-27,400▼ $30,133
Total Net Assets Fund Balance$2,733$-27,400▼ $30,133
Total Liabilities and Net Assets / Fund Balance$23,855$15,584▼ $8,271
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$54,015
Program Service Revenue
$117,166
Investment Income
$12
Other Revenue
$100
All Other Contributions
$54,015
Change in Net Assets
$-30,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,797
Salaries, Compensation, and Employee Benefits$73,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$54,000$48,000-$102,000
Other Salaries and Wages$71,215--$71,215
Office Expenses$12,459--$12,459
Insurance$3,099$5,060-$8,159
Fees for Services Other-$3,429-$3,429
Payroll Taxes$2,414--$2,414
Fees for Services Accounting-$1,750-$1,750
Total Functional Expenses$143,187$58,239$0$201,426
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Ironstone therapy, inc. Has hired challenge unlimited, inc., their supported organization, to perform management duties through their mutually agreed upon license and management agreement. Ironstone pays challenge unlimited a yearly management fee, which is for the direct cost of management and support used each month in the execution of ironstone's programs.

Form 990, Page 6, Part VI, Line 11B

The reviewed financial statements and form 990 are presented to the board for review prior to issuance.

Form 990, Page 6, Part VI, Line 12C

The organization has a conflict of interest policy that is given to each empoyee upon hiring. At each quarterly meeting this policy is discussed. If there is a potential conflict it is brought to the board.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ironstone Therapy Inc
EIN
04-3420288
Phone
9784754056
Address
450 LOWELL STREET, ANDOVER, MA 01810

Signing Officer

Name
Elaine Francis
Title
President
Phone
9784754056
Signed
2024-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Francis
Formed
1998
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
8

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY STE 201, CHELMSFORD, MA 01824-4187
Preparer
Jayne a Andrews
Phone
9784522500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide life-changing equine-assisted services that foster the human- horse connection to help individuals and families with physical, cognitive, and emotional challenges experience healing and joy while realizing their full potential.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE LIFE-CHANGING EQUINE-ASSISTED SERVICES THAT FOSTER THE HUMAN- HORSE CONNECTION TO HELP INDIVIDUALS AND FAMILIES WITH PHYSICAL, COGNITIVE, AND EMOTIONAL CHALLENGES EXPERIENCE HEALING AND JOY WHILE REALIZING THEIR FULL POTENTIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IRONSTONE THERAPY, INC. HAS HIRED CHALLENGE UNLIMITED, INC., THEIR SUPPORTED ORGANIZATION, TO PERFORM MANAGEMENT DUTIES THROUGH THEIR MUTUALLY AGREED UPON LICENSE AND MANAGEMENT AGREEMENT. IRONSTONE PAYS CHALLENGE UNLIMITED A YEARLY MANAGEMENT FEE, WHICH IS FOR THE DIRECT COST OF MANAGEMENT AND SUPPORT USED EACH MONTH IN THE EXECUTION OF IRONSTONE'S PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE REVIEWED FINANCIAL STATEMENTS AND FORM 990 ARE PRESENTED TO THE BOARD FOR REVIEW PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS GIVEN TO EACH EMPOYEE UPON HIRING. AT EACH QUARTERLY MEETING THIS POLICY IS DISCUSSED. IF THERE IS A POTENTIAL CONFLICT IT IS BROUGHT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHALLENGE UNLIMITED INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222478997
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0450 LOWELL STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANDOVER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001810
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01039516
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt154000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt254015
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt348000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BALANCE OF OUTSTANDING DE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1BY CONTRACT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2GRANT BASED ON NEED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3BY CONTRACT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CHALLENGE UNLIMITED INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CHALLENGE UNLIMITED INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2CHALLENGE UNLIMITED INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3CHALLENGE UNLIMITED INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3K
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt023855
IRS990/TotalAssetsEOYAmt015584
IRS990/TotalAssetsGrp/BOYAmt023855
IRS990/TotalAssetsGrp/EOYAmt015584
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054015
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058239
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143187
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201426
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021122
IRS990/TotalLiabilitiesEOYAmt042984
IRS990/TotalLiabilitiesGrp/BOYAmt021122
IRS990/TotalLiabilitiesGrp/EOYAmt042984
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02733
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-27400
IRS990/TotalProgramServiceExpensesAmt0143187
IRS990/TotalProgramServiceRevenueAmt0117166
IRS990/TotalRevenueGrp/ExclusionAmt0100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0117178
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0171293
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023855
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015584
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0450 LOWELL STREET
IRS990/USAddress/CityNm0ANDOVER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001810
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.IRONSTONEFARM.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELAINE FRANCIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09784754056
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IRONSTONE THERAPY INC
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0043420288
ReturnHeader/Filer/PhoneNum09784754056
ReturnHeader/Filer/USAddress/AddressLine1Txt0450 LOWELL STREET
ReturnHeader/Filer/USAddress/CityNm0ANDOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001810
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042917204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANSTISS & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 OMNI WAY STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHELMSFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0018244187
ReturnHeader/PreparerPersonGrp/PhoneNum09784522500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAYNE A ANDREWS
ReturnHeader/ReturnTs02024-09-30T10:09:23-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.11$0.08$2.25$2.06$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.43$0.27$1.71$2.01$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.21$0.03$1.81$1.82$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.14$0.03$0.81$0.61$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.37$0.53$0.17$0.40$0.57$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.00$1.73$1.89$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.16$1.74$1.90$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.13$0.32$1.94$1.92$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$2.00$1.93$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$1.91$1.81$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.03$0.13$1.82$1.85$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.17$1.78$1.76$0.02
2012Summary only. Only limited summary data is available for this year.$0.16$0.02$0.14$1.54$1.71$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.05$0.31$1.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.03$0.23$2.33