Equine therapy nonprofit closes

Equi-Librium Therapy Center Inc., a Rogersville-based equine-assisted therapy nonprofit, is shuttering after 24 years in operation.

Previously known as Therapeutic Riding of the Ozarks, Equi-Librium Therapy Center was incorporated as a 501(c)(3) nonprofit in 2012, according to its website.

Kent Crumpley, executive director of the organization, announced the closure on Facebook.

“For the last several years, ETC has been struggling to keep up with today's world of giving,” Crumpley said in the post. “Our grants, donations and other funding sources have been on a steady decline. The ETC Executive Board of Directors and myself have made the very difficult decision to sell or donate all of the assets of ETC and dissolve the 501(c)(3) organization status.”

In its most recent 990 tax forms with the IRS, Equi-Librium Therapy Center reported mostly declining revenue. In the years 2014-16 represented in the forms, Equi-Librium posted a high of $295,996 in revenue in 2015. Revenue dropped to $136,307 in 2015 and was up slightly to $164,202 in 2016. Contributions and grants also dropped from as high as $216,451 in 2014 to $65,544 in 2015, according to the IRS forms.

The most recent form indicated the nonprofit had $1.2 million in assets.

Crumpley’s post said the sale of Equi-Librium’s assets would first pay off debts and then be distributed to other nonprofits.

At 1148 S. Courtney Lane in Rogersville, Equi-Librium Therapy Center provides hippotherapy, equine-assisted learning and therapeutic horse riding, among other services, for children and adults with disabilities, according to its website.