MICHIGAN ASSOCIATION OF CHIROPRACTORS (EIN 208724316) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

KRISTINE DOWELL

Phone

5173672225

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN ASSOCIATION OF CHIROPRACTORS, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROTECT AND ENHANCE THE CHIROPRACTIC PROFESSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,654,791

Investment Income $39,597

Other Revenue $20,567

TOTAL REVENUE $1,714,955

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $1,269,431

Fundraising Expenses $0

Other Expenses $577,251

TOTAL EXPENSES $1,886,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,714,955	$1,876,490	-0.1%
Expenses	$1,886,682	$2,145,565	-0.1%
Net Income	$-171,727	$-269,075	-0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$155,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DIMARTINO DC	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BLASKAY DC	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL PAINTER DC	DIRECTOR	1.00	Director	$0	$0	$0
BARRY HOBBS DC	DIRECTOR	1.00	Director	$0	$0	$0
NICK HARTOP DC	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SMARCH DC	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEVINE DC	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY HARPHAM	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY NEWCASTLE	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS SQUIRES DC	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ALLEN KLUMPP DC	DIRECTOR	1.00	Director	$0	$0	$0
RON WILCOX JR DC	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH ELCESER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SIMMONS DC	DIR OF EXTERNAL AFFAIRS	1.00	Officer Director	$0	$0	$0
M DOUGLAS LYNES DC	DIR OF FINANCIAL AFFAIRS	1.00	Officer Director	$0	$0	$0
LISA OLSZEWSKI DC	CHAIR	1.00	Officer Director	$0	$0	$0
KEN MURKOWSKI II	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MARKLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTINE DOWELL	EXECUTIVE DIRECTOR	40.00	Officer	$130,500	$24,691	$155,191
ANGELA PSAROS	ASSISTANT DIRECTOR	40.00	Highest	$111,055	$29,693	$140,748

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,714,955	$1,886,682	$848,945	$-171,727
2023	$1,876,490	$2,145,565	$905,739	$-269,075
2022	$1,849,957	$2,063,112	$1,024,814	$-213,155
2021	$1,642,881	$1,648,057	$1,237,969	$-5,176
2020	$1,440,218	$1,530,191	$1,393,045	$-89,973
2019	$1,668,628	$1,773,586	$1,333,118	$-104,958
2018	$1,728,838	$1,793,875	$1,438,076	$-65,037

MICHIGAN ASSOCIATION OF CHIROPRACTORS