Victory Therapeutic Center Inc
- Assets
- $1.5m
- Revenue
- $690.2k
- Investments
- $0.0
- Employees
- 22
- Location
- Roanoke, TX
- Founding
- 09/2002
- Data as of
- 07/2023
- EIN
- 03-0415483
Organization Overview
Victory Therapeutic Center Inc, operating under the name Victory Therapy Center, is located in Roanoke, TX. The organization was established in 2002. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 07/2023, Victory Therapy Center employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Therapy Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Victory Therapy Center generated $690.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $949.2k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CARE FOR THE PHYSICAL, MENTAL, AND EMOTIONAL NEEDS OF CHILDREN, ADULTS, VETERANS AND THEIR FAMILIES THROUGH THE HEALING POWER OF HORSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY THERAPY CENTERS 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 NUTURING ENVIRONMENT WHERE RIDERS DEVELOP A SENSE OF ACHIEVEMENT, RESILIENCE, AND JOY.
VICTORY THERAPY CENTERS 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.
THE HORSES FOR HEROES PROGRAM AT VICTORY THERAPY CENTER IS A TRANSFORMATIVE INITIATIVE CATERING TO VETERANS 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Cox CEO | 0 | $23,269 | |
Katie Steele Director | Trustee | 0 | $0 |
Tina Coleman Treasurer | Trustee | 0 | $0 |
Ken Walsh Director | Trustee | 0 | $0 |
Frank Tabone Board Chair | Trustee | 0 | $0 |
Tanner Haydin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,052 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,923 |
| Noncash contributions included in lines 1a–1f | $72,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,975 |
| Total Program Service Revenue | $254,369 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,991 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | -$12,269 |
| Compensation of current officers, directors, key employees. | $23,269 |
| Compensation of current officers, directors, key employees. | $4,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,202 |
| Advertising and promotion | $1,049 |
| Office expenses | $7,130 |
| Information technology | $13,275 |
| Royalties | $0 |
| Occupancy | $82,955 |
| Travel | $8,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,207 |
| Insurance | $35,728 |
| All other expenses | $12,055 |
| Total functional expenses | $949,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,500 |
| Accounts receivable, net | $11,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,804 |
| Net Land, buildings, and equipment | $946,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $426,937 |
| Total assets | $1,466,951 |
| Accounts payable and accrued expenses | $25,976 |
| Grants payable | $0 |
| Deferred revenue | $6,828 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $426,937 |
| Total liabilities | $459,741 |
| Net assets without donor restrictions | $977,687 |
| Net assets with donor restrictions | $29,523 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,466,951 |