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Nonprofiteer
← VICTORY THERAPEUTIC CENTER INC

Form 990 for tax year 2023

Filed by VICTORY THERAPEUTIC CENTER INC.

Totals

Total revenue
$694,085
Total expenses
$902,239
Contributions and grants received
$465,407
Grants paid
$20,000
Program service revenue
$223,703
Investment income
$0
Other revenue
$4,975
Total assets, end of year
$1,211,485
Total liabilities, end of year
$411,418
Net assets or fund balances, end of year
$800,067
Program services expenses (Part IX)
$672,516
Management and general expenses
$174,892
Fundraising expenses
$54,831
Program service expenses (Part III)
$672,516

Program services were 74.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $88,700

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $376,707

  • 1g · Noncash contributions included above

    $38,665

  • 2a · Program service revenue: Therapeutic Riding

    total $157,092 · related or exempt $157,092 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Physical Therapy

    total $33,948 · related or exempt $33,948 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Horses for Heroes

    total $13,379 · related or exempt $13,379 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Horse Shows

    total $10,006 · related or exempt $10,006 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Healing Hearts

    total $9,278 · related or exempt $9,278 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $88,700

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Other income

    total $4,975 · related or exempt $4,975 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,975

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $20,000 · program services $20,000

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $68,545 · program services $44,966 · management and general $16,742 · fundraising $6,837

  • 7 · Other salaries and wages

    total $280,801 · program services $184,209 · management and general $68,582 · fundraising $28,010

  • 10 · Payroll taxes

    total $27,443 · program services $18,940 · management and general $5,566 · fundraising $2,937

  • 11c · Fees: accounting

    total $16,151 · program services $12,063 · management and general $3,350 · fundraising $738

  • 11g · Fees: other

    total $49,823 · program services $43,698 · management and general $1,572 · fundraising $4,553

  • 12 · Advertising and promotion

    total $2,623 · program services $0 · management and general $163 · fundraising $2,460

  • 13 · Office expenses

    total $12,616 · program services $6,894 · management and general $2,705 · fundraising $3,017

  • 14 · Information technology

    total $8,254 · program services $7,266 · management and general $617 · fundraising $371

  • 16 · Occupancy

    total $91,219 · program services $82,060 · management and general $4,522 · fundraising $4,637

  • 17 · Travel

    total $5,736 · program services $5,414 · management and general $240 · fundraising $82

  • 22 · Depreciation, depletion and amortization

    total $110,228 · program services $101,439 · management and general $8,789 · fundraising $0

  • 23 · Insurance

    total $19,951 · program services $16,152 · management and general $2,912 · fundraising $887

  • 24a · Other expenses: Equine care and supplies

    total $121,440 · program services $121,440 · management and general $0 · fundraising $0

  • 24b · Other expenses: Loss on sale of asset

    total $54,807 · program services $0 · management and general $54,807 · fundraising $0

  • 24c · Other expenses: Bank and credit card fees

    total $4,151 · program services $1,762 · management and general $2,087 · fundraising $302

  • 24d · Other expenses: Bad debt

    total $2,238 · program services $0 · management and general $2,238 · fundraising $0

  • 24e · All other expenses

    total $6,213 · program services $6,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,879 · end of year $23,574

  • 3 · Pledges and grants receivable

    beginning of year $6,500

  • 4 · Accounts receivable

    beginning of year $11,900 · end of year $17,813

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,804 · end of year $4,127

  • 10a · Land, buildings and equipment: cost or other basis

    $1,625,150

  • 10b · Land, buildings and equipment: accumulated depreciation

    $846,754

  • 10c · Land, buildings and equipment, net

    beginning of year $946,931 · end of year $778,396

  • 15 · Other assets

    beginning of year $426,937 · end of year $387,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,976 · end of year $18,723

  • 19 · Deferred revenue

    beginning of year $6,828 · end of year $5,120

  • 25 · Other liabilities

    beginning of year $426,937 · end of year $387,575

  • 27 · Net assets without donor restrictions

    beginning of year $977,687 · end of year $797,004

  • 28 · Net assets with donor restrictions

    beginning of year $29,523 · end of year $3,063

Mission and programs · 2023

Mission

To care for the physical, mental and emotional needs of children, adults, veterans and their families through the healing power of horses.

Activities or mission (Part I)

To provide daily victories utilizing equine-assisted therapy for individuals with physical and emotional disabilities, including veterans, first responders and their families.

  • Victory Therapy Center's Therapeutic Riding Program is a dynamic and compassionate initiative that harnesses the therapeutic benefits of equine interaction, tailored for individuals with physical, cognitive or emotional challenges. Beyond the physical benefits, this program creates a nurturing environment where riders develop a sense of achievement, resilience and joy.

    Expenses $358,348 · Grants $6,621 · Revenue $157,092

  • Victory Therapy Center's Physical Therapy Program is a dynamic and comprehensive approach to rehabilitation, utilizing equine/assisted therapy to enhance physical well-being. The program is tailored for individuals facing a spectrum of physical challenges. Expert physical therapists collaborate with equine professionals to design personalized exercises that focus on mobility, strength and coordination.

    Expenses $126,340 · Revenue $33,948

  • The Horses for Heroes Program at Victory Therapy Center is a transformative initiative catering to veterans, first responders and their families seeking healing and support. Harnessing the profound connection between horses and humans, the program offers therapeutic interactions that aid in the recovery of physical and emotional wounds. Horses for Heroes at Victory Therapy Center stands as a powerful testament to the healing potential of equine -assisted therapy, providing veterans with a unique pathway toward recovery and renewal.

    Expenses $85,717 · Grants $13,379 · Revenue $13,379

  • Victory Therapy Center's Healing Hearts Program empowers at-risk youth through therapeutic riding with horses. The program, guided by skilled therapists, combines the inherent therapeutic qualities of horses with personalized interventions, creating a supportive environment for personal growth. Through this equine-assisted approach, Victory Therapy Center aims to inspire positive transformations, nurturing the emotional well-being of at-risk youth in their journey toward healing and empowerment.

    Expenses $70,777 · Revenue $9,278

  • Horse Shows provide a platform for riders with disabilities to showcase their newfound skills, fostering a sense of achievement and confidence. The spotlight on riders during these shows not only enhances their physical abilities but also boosts self-esteem. The experience instills a sense of accomplishment and belonging, proving that therapeutic riding transcends the arena, positively impacting the lives of individuals with disabilities.

    Expenses $31,334 · Revenue $10,006

As filed on the 2023 return.

Listed in Part VII

  • Rebecca Cox

    CEO (8/23 - 12/23)

    Total calculated
    $41,122
    From this org
    $41,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $41,122
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $41,122

  • Rick Bousquet

    CEO (1/24 - 3/24)

    Total calculated
    $15,577
    From this org
    $15,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $15,577
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $15,577

  • Stephen Heckaman

    CEO (6/24 - 4/25)

    Total calculated
    $11,846
    From this org
    $11,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $11,846
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,846

  • Kathy White

    Chairman

    Total calculated
    $0
    Hours/week
    10

  • Jim Hanophy

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Doug Tonne

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Tina Coleman

    Director

    Total calculated
    $0
    Hours/week
    10

  • Ken Walsh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Carr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Katie Heflin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Frank Tabone

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Nacarato

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 June 2025
IRS schema version
2023v6.0
Source object
202501679349301195

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