NORTHERN MICHIGAN EQUINE THERAPY (EIN 300838013) - 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

2014

Legal Domicile

Principal Officer

COURTNEY ANGELL SUMPTER

Phone

2318815590

Tax Period

2023-01-01 to 2023-12-31

NORTHERN MICHIGAN EQUINE THERAPY, founded in 2014, is a small nonprofit in the Human Services sector that reported $259K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 17% operating margin.

Mission

NORTHERN MICHIGAN EQUINE THERAPY IS A NONPROFIT ORGANIZATION DEDICATED TO USING THE HEALING NATURE OF A HORSE AS A THERAPEUTIC TOOL TO ENHANCE INDEPENDENCE, SELF CONFIDENCE, AND QUALITY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $197,468

Program Service Revenue $39,453

Investment Income $2,658

Other Revenue $19,639

TOTAL REVENUE $259,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,319

Fundraising Expenses $0

Program Expenses $215,306

Other Expenses $136,987

TOTAL EXPENSES $215,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,218	$195,850	+0.3%
Expenses	$215,306	$190,937	+0.1%
Net Income	$43,912	$4,913	+7.9%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

$56,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY ANGELL SUMPTER	EXECUTIVE DIRECTOR	30.00	Director	$56,250	$0	$56,250
RUTH SKOP	PRESIDENT	1.00	Director	$0	$0	$0
ERIN LUCKHARDT	VICE PRESIDENT	1.00	Director	$0	$0	$0
ALESIA DOBBINS	SECRETARY	1.00	Director	$0	$0	$0
MEGAN MORRILL	DIRECTOR	1.00	Director	$0	$0	$0
KATE FINCHAM	TREASURER	1.00	Director	$0	$0	$0
LISA LEAVY	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$259,218	$215,306	$268,322	$43,912
2022	$195,850	$190,937	$222,943	$4,913
2021	$212,672	$208,629	$220,135	$4,043
2020	$205,618	$160,462	$219,061	$45,156
2019	$257,435	$191,506	$181,443	$65,929

NORTHERN MICHIGAN EQUINE THERAPY