Overview
What is Trrac Inc?
Trrac Inc is a small, Pennsylvania-based nonprofit organization situated at 1799 Pacopson Road, West Chester. With just one employee, they dedicate their efforts to the rehabilitation and adoption of older, sick, or otherwise impaired horses. In the fiscal year 2021, they successfully found loving homes for 58 of the 76 horses they treated through their programs.
Official website here: www.ottbs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Trrac Inc has received a One-Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. While the organization excels in having a fully independent board, issues arise from missing policies on whistleblowing, conflicts of interest, and document retention. Additionally, the high liabilities to assets ratio raises red flags about financial stability, despite a commendable program expense ratio of over 76%.
User reviews on Great Nonprofits highlight several strengths of Trrac Inc, particularly in the quality of care they provide to their horses. Many adopters express gratitude for the transparency and thoroughness of the organization, commending the personalized matching process between horses and their new owners. The dedication of the staff, particularly Nina and Charlie, is frequently praised, noting their commitment to ensuring the horses receive appropriate medical care and training.
However, there are some mixed sentiments, particularly concerning the organization's online presence and communication style, which some detractors found unprofessional. Overall, while Trrac Inc demonstrates a strong commitment to horse welfare and has successfully facilitated numerous adoptions, significant concerns in governance and financial practices are evident.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Trrac Inc legitimate?
Trrac Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trrac Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,218
For more financial information, click here
Official website here: www.ottbs.org
What is the mission statement of Trrac Inc?
Trrac Inc is dedicated to providing equine rehabilitation and adoption for older, sick, or otherwise impaired horses. Their mission is geared towards giving these horses a second chance at life. In the past fiscal year, an impressive 58 out of 76 horses received for physical therapy were successfully adopted due to the efforts of Trrac Inc. This organization prioritizes the wellbeing of these horses, offering them a chance to regain their health and find loving homes. Through their rehabilitation and adoption programs, Trrac Inc creates a positive impact on the lives of these horses.
Official website here: www.ottbs.org
Who is the CEO of Trrac Inc?
-Nina Lyman is the President of Trrac Inc.
Official website here: www.ottbs.org
What is the revenue of Trrac Inc?
Trrac Inc's revenue in 2022 was $238,411.
Official website here: www.ottbs.org
Who are the executives of Trrac Inc and what are their salaries?
The average compensation at Trrac Inc during 2022 was $10,218. There is 1 employee at Trrac Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ottbs.org
Where can I find the form 990 for Trrac Inc?
Trrac Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ottbs.org
Learn more at the official website: www.ottbs.org
Mission Statement of Trrac Inc
Trrac Inc, a dedicated organization, is committed to providing equine rehabilitation and adoption for older, sick, or otherwise impaired horses. This mission drives the heart of Trrac Inc's operations, as they strive to offer a second chance to horses in need.
In practice, Trrac Inc accepts horses into their program for physical therapy. The organization puts in great effort to rehabilitate these animals, nursing them back to health with the ultimate goal of finding them loving and caring homes. According to their records from fiscal year 2021, an impressive 58 out of 76 horses received for therapy were successfully adopted through Trrac Inc's efforts.
The team at Trrac Inc approaches each horse with compassion and dedication, assessing their unique needs and designing customized care plans. Their commitment extends beyond the horses themselves, as they believe in the therapeutic power of the horse-human bond. By providing these animals with the necessary care and attention, Trrac Inc not only improves their lives but also opens the door to new opportunities for adoption.
Through their rehabilitation and adoption efforts, Trrac Inc plays a critical role in the equine community, offering hope and a new beginning to horses that might otherwise face uncertain futures. Their unwavering dedication to the welfare of older, sick, or impaired horses sets them apart as a beacon of compassion and care within the animal welfare sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Trrac Inc plays a vital role in the rehabilitation and adoption of older, sick, or otherwise impaired horses. Based in West Chester, PA, the organization focuses on providing physical therapy for horses in need. In fiscal year 2021, Trrac successfully facilitated the adoption of 58 out of 76 horses that underwent rehabilitation, demonstrating its commitment to improving the lives of these animals and finding them loving homes. This impact not only enhances the well-being of the horses but also raises awareness about the challenges faced by older and impaired equines, promoting a compassionate approach to animal care and adoption within the community.
This information is meant to be a general summary of Trrac Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $238,155
- Gross Receipts: $238,411
Assets and Liabilities:
- Total Assets: $31,094
- Total Liabilities: $53,222
- Net Assets: -$22,128
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EQUINE AFTERCARE SUPPOR
Revenue
$79,500
DONATIONS
Revenue
$54,836
GRANT FUNDING
Revenue
$49,100
HORSE ADOPTION FEES
Revenue
$54,719
Organization Details
Founding Year
2017
Principal Officer
-Nina Lyman
Main Address
1799 PACOPSON ROAD, West Chester, PA, 19382
Website
www.ottbs.orgNTEE Category
Code: D20 - Animals
If you are a representative of Trrac Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.