Civic Intelligence

Riverwood Therapeutic Riding Center

EIN 56-1941069 • 501(c)3 • Tobaccoville, NC

Profile

Riverwood therapeutic riding center provides certified equine-assisted services and farm-based learning opportunities for individuals with diverse capabilities. Clients served included those with development disabilities, disabilities resulting from trauma, acquired chronic conditions, social/emotional disabilities and diagnosed mental health disorders.

6825 Rollingview DrTobaccoville, NC 27050

www.riverwoodtrc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

15th percentile

-22%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-10%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$911,611

Down $104,829 (-10%) from 2023

Liabilities

Down

$5,059

Down $3,652 (-42%) from 2023

Net Assets

Down

$906,552

Down $101,177 (-10%) from 2023

Revenue

Up

$516,913

Up $52,376 (+11%) from 2023

Expenses

Up

$629,835

Up $85,261 (+16%) from 2023

Net Income

Down

-$112,922

Down $32,885 (-41%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $464,532Liabilities 2010: $0Net Assets 2010: $464,5322010Assets 2011: $464,101Liabilities 2011: $98Net Assets 2011: $464,0032011Assets 2012: $458,149Liabilities 2012: $85Net Assets 2012: $458,0642012Assets 2013: $466,480Liabilities 2013: $68Net Assets 2013: $466,4122013Assets 2014: $545,715Liabilities 2014: $73Net Assets 2014: $545,6422014Assets 2015: $583,698Liabilities 2015: $75Net Assets 2015: $583,6232015Assets 2016: $622,086Liabilities 2016: $45Net Assets 2016: $622,0412016Assets 2017: $920,482Liabilities 2017: $39,010Net Assets 2017: $881,4722017Assets 2018: $978,186Liabilities 2018: $38,401Net Assets 2018: $939,7852018Assets 2019: $946,874Liabilities 2019: $11,855Net Assets 2019: $935,0192019Assets 2020: $1,067,555Liabilities 2020: $47,094Net Assets 2020: $1,020,4612020Assets 2021: $1,118,254Liabilities 2021: $35,998Net Assets 2021: $1,082,2562021Assets 2022: $1,086,784Liabilities 2022: $9,201Net Assets 2022: $1,077,5832022Assets 2023: $1,016,440Liabilities 2023: $8,711Net Assets 2023: $1,007,7292023Assets 2024: $911,611Liabilities 2024: $5,059Net Assets 2024: $906,5522024

Highlighted filing

2024

Assets$911,611
Liabilities$5,059
Net Assets$906,552

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $201,0852010Expenses 2011: $232,3672011Expenses 2012: $242,2012012Revenue 2013: $252,597Expenses 2013: $244,249Net Income 2013: $8,3482013Revenue 2014: $324,097Expenses 2014: $253,129Net Income 2014: $70,9682014Revenue 2015: $382,503Expenses 2015: $344,522Net Income 2015: $37,9812015Revenue 2016: $451,102Expenses 2016: $412,684Net Income 2016: $38,4182016Revenue 2017: $442,765Expenses 2017: $438,747Net Income 2017: $4,0182017Revenue 2018: $503,236Expenses 2018: $443,079Net Income 2018: $60,1572018Revenue 2019: $458,009Expenses 2019: $476,556Net Income 2019: -$18,5472019Revenue 2020: $524,258Expenses 2020: $445,231Net Income 2020: $79,0272020Revenue 2021: $504,485Expenses 2021: $462,186Net Income 2021: $42,2992021Revenue 2022: $488,575Expenses 2022: $476,548Net Income 2022: $12,0272022Revenue 2023: $464,537Expenses 2023: $544,574Net Income 2023: -$80,0372023Revenue 2024: $516,913Expenses 2024: $629,835Net Income 2024: -$112,9222024

Highlighted filing

2024

Revenue$516,913
Expenses$629,835
Net Income-$112,922

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.91$0.52$0.63$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.02$0.01$1.01$0.46$0.54$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.01$1.08$0.49$0.48$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.04$1.08$0.50$0.46$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.05$1.02$0.52$0.45$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.01$0.94$0.46$0.48$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.04$0.94$0.50$0.44$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.04$0.88$0.44$0.44$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.45$0.41$0.04
2015Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.38$0.34$0.04
2014Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.32$0.25$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.25$0.24$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 22, 2025
Return Version
2024v5.0
Gross Receipts
$527,172
Mission and Program Overview

Mission

Riverwood therapeutic riding center provides quality professional equine assisted activities for children and adults with special needs. Clients served included those with development disabilities, disabilities resulting from trauma, acquired chronic conditions, social/emotional disabilities and diagnosed mental health disorders.

Riverwood therapeutic riding center provides certified equine-assisted services and farm-based learning opportunities for individuals with diverse capabilities. Riverwood is a premier accredited center under the guidelines of the professional association of therapeutic horsemanship, international. Clients served included those with development disabilities, disabilities resulting from trauma, acquired chronic conditions, social/emotional disabilities and diagnosed mental health disorders. All services that are provided include a thorough assessment of the individual and their needs, a physician's statement and appropriate releases and emergency medical documents. A treatment plan and individual short and long term goals are set for each client along with ongoing progress notes. Riverwood operates on a year-round schedule serving more than 200 clients each year including those that come through our local school systems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$374,258$364,024▼ $10,234
Savings and Temporary Cash Investments$304,708$306,138▲ $1,430
Cash and Non-Interest-Bearing Accounts$178,963$47,719▼ $131,244
Pledges and Grants Receivable$20,000$45,000▲ $25,000
Accounts Receivable$8,485$12,171▲ $3,686
Prepaid Expenses and Deferred Charges$4,275$4,115▼ $160
Total Assets$1,016,440$911,611▼ $104,829
Other Assets Total$125,751$132,444▲ $6,693
Liabilities
Deferred Revenue$7,599--
Accounts Payable and Accrued Expenses$833$5,059▲ $4,226
Other Liabilities$279--
Total Liabilities$8,711$5,059▼ $3,652
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$881,978$731,608▼ $150,370
Net Assets With Donor Restrictions$125,751$174,944▲ $49,193
Total Net Assets Fund Balance$1,007,729$906,552▼ $101,177
Total Liabilities and Net Assets / Fund Balance$1,016,440$911,611▼ $104,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$344,689$350,017$694,706
Equipment$19,335$81,207$100,542
Other Assets Org$132,444--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$125,751-▲ $13,115$5,124$132,444
2023$120,154-▲ $11,893$5,080$125,751
2022$141,834-▼ $15,420$4,972$120,154
2021$127,160-▲ $20,846$4,832$141,834
2020$125,572-▲ $7,609$4,840$127,160
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia Martin End MayExecutive DiFT$62,266$1,712$63,978
Andrea Kurtz Beg SeptemberExecutive DiFT$31,902-$31,902

Board Members and Trustees

NameTitle
Sonja MurrayPresident
Casey RaymerBoard Member
Chuck HillBoard Member
Jennifer Kirby Beg AugustBoard Member
Justine BestlerBoard Member
Michelle SpeasBoard Member
Phyllis BritnellBoard Member
Salem VestBoard Member
Zach Sharpe End JulyBoard Member
Angela HicksSecretary
Jennifer BarksdaleTreasurer
Jim GallaherVP/asst. Tre
Revenue and Support

Revenue Composition

Contributions and Grants
$398,699
Program Service Revenue
$108,924
Investment Income
$1,501
Other Revenue
$7,789
All Other Contributions
$277,753
Change in Net Assets
$-112,922

Audited Revenue Reconciliation

Revenue per Audited Statements
$516,913
Revenue Not Reported on Form 990
$36,960
Total Revenue per Audited Statements
$553,873
Total Revenue per Form 990
$516,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$431,325
Other Expenses$192,345
Total Fundraising Expense$66,114
Grants and Similar Amounts Paid$6,165
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$204,599$57,065$42,336$304,000
Current Officers, Directors, Trustees, and Key Employees$64,530$17,997$13,353$95,880
Payroll Taxes$20,780$5,796$4,300$30,876
Insurance$18,555$2,946$1,800$23,301
Depreciation Depletion$22,813$466-$23,279
Fees for Services Other$5,962$5,512$449$11,923
Fees for Services Accounting$4,311$4,311-$8,622
Occupancy$7,997$163-$8,160
Grants to Domestic Individuals$6,165--$6,165
Other Expenses$3,399$2,264$3,147$5,663
Office Expenses$607$1,592$650$2,849
All Other Expenses$1,149--$1,149
Other Employee Benefits$383$107$79$569
Total Functional Expenses$462,159$101,562$66,114$629,835

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$655,050
Expenses per Audited Statements$629,835
Total Expenses per Form 990$629,835
Expenses Not Reported on Form 990$25,215
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,948
Fundraising Direct Expenses$10,259
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hearts & Hooves$30,000---
Fall Event$83,918$5,424$7,071$-1,647
Total Events$113,918$5,424$7,071$-1,647
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
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

An electronic and/or paper draft of the tax return is furnished to board members to review prior to filing tax return.

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

Conflict of interest is discussed with new board members, staff and volunteers. Conflict of interest is discussed annually with existing board, staff and volunteers including the distribution of a copy of riverwood's conflict of interest policy. Staff members sign a conflict of interest statement annually.

Form 990, Page 6, Part VI, Line 15A

Determination for compensation of the executive director is discussed, reviewed, analyzed, voted upon and approved by the board of directors (the executive direcor is a non-voting board member). Meeting minutes document discussions, analysis and decisions.

Form 990, Page 6, Part VI, Line 15B

Determination for compensation of the executive director is discussed, reviewed, analyzed, voted upon and approved by the board of directors (the executive direcor is a non-voting board member). Meeting minutes document discussions, analysis and decisions.

Form 990, Page 6, Part VI, Line 19

Riverwood provides governing documents, conflict of interest statement and financial statements available to the public upon request. 990 and annual report are available on the riverwood website.

Filing and Contact Details

Filer

Filer Name
Riverwood Therapeutic Riding Center
EIN
56-1941069
Phone
3369226426
Address
6825 ROLLINGVIEW DR, TOBACCOVILLE, NC 27050

Signing Officer

Name
Jennifer Kirby
Title
President
Phone
3369226426
Signed
2025-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Kirby
Formed
1997
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
21
Volunteers
70

Preparer

Firm
Butler Burke Llp
Address
100 CLUB OAKS COURT SUITE A, WINSTONSALEM, NC 27104
Preparer
Jane R Potter
Phone
3367682310
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Riverwood therapeutic riding center provides certified equine-assisted services and farm-based learning opportunities for individuals with diverse capabilities. Clients served included those with development disabilities, disabilities resulting from trauma, acquired chronic conditions, social/emotional disabilities and diagnosed mental health disorders.

Form 990, Page 2, Part III, Line 4A

Riverwood therapeutic riding center provides certified equine-assisted services and farm-based learning opportunities for individuals with diverse capabilities. Programs include: therapeutic riding, equine assisted psychotherapy and equine assisted learning. Riverwood is a premier accredited center under the guidelines of the professional association of therapeutic horsemanship,international. Clients served included those with development disabilities, disabilities resulting from trauma, acquired chronic conditions, social/emotional disabilities and diagnosed mental health disorders. All services that are provided include a thorough assessment of the individual and their needs, a physician's statement and appropriate releases and emergency medical documents. A treatment plan and individual short and long term goals are set for each client along with ongoing progress notes. Riverwood operates on a year-round schedule serving more than 200 clients each year including those that come through our local school systems. Clients are either referred by physicians, therapists, educators or by word of mouth. Riverwood uses newsletters, web site, e- mail and social media to communicate information regarding programming activities, news and events.

Financial Statement Notes

Schedule D, Page 3, Part X

Riverwood is a not-for-profit organization and is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, income tax expense is limited to activities that are deemed by the internal revenue service to be unrelated to their exempt purpose. Riverwood's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. It is the opinion of management that riverwood has no uncertain tax positions that would be subject to change upon examination. Riverwood is required to file a federal exempt organization tax return (form 990) annually to retain its exempt status. Riverwood is also required to file an exempt organization business income tax return (form 990-t) for any year unrelated business income exceeds 1,000. Riverwood's form 990 filings are generally subject to examination by the internal revenue service for three years after they are filed.

Schedule D, Page 4, Part XI, Line 2D

Fundraising event expense 10,259

Schedule D, Page 4, Part XII, Line 2D

Fundraising event expense 10,259

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