Growth, usually good for business, has challenged Hold Your Horses, which offers equine-assisted therapy services at a private farm in Independence.
Generating revenue was a struggle from the start, said Janet Weisberg, who launched Hold Your Horses in 2006 to offer occupational therapy and physical therapy to children with disabilities. Treatment sessions take place while clients are on horseback in a model known as hippotherapy.
Weisberg set market-rate prices but adopted a sliding fee scale. That's because many families lack adequate insurance coverage for mainstream treatment or their coverage didn't apply to specialized therapy, she said.
Hold Your Horses benefited from a rent subsidy from the farm's owner, who traded use of the property for services for a family member and also helped with some horse-related expenses. The service had a growing number of clients, but making ends meet was difficult, Weisberg said.
"Growth means more cost," said Weisberg, an occupational therapist who is board-certified in hippotherapy. "That's the challenge of running a business like this, knowing that growth doesn't necessary mean dollars coming in. It might even mean dollars going out."
Weisberg, who had established Hold Your Horses as a limited liability corporation, realized that she was operating something more like a charitable entity, particularly in light of the sliding fees. So in 2011, she set about converting her company to a nonprofit organization. She got her 501(c)(3) nonprofit status from the U.S. Internal Revenue Service in about seven months and her Minnesota sales-tax exemption in about 18 months.
"I've ridden a fast-moving, bucking horse before … and that was sort of a similar ride," said Weisberg, referring mainly to the flurry of forms. "It was a big learning curve."
Positioned for stability
The effort has been worthwhile because it has positioned Hold Your Horses for long-term stability, Weisberg said. With contributions coming in, she's able to offer sliding fees more freely "and not be worried about whether the horses were going to eat or whether I could pay staff."