MACKINAC HORSEMEN'S ASSOCIATION

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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

2004

Legal Domicile

Principal Officer

STEVEN RILENGE

Phone

9068473853

Tax Period

2023-01-01 to 2023-12-31

MACKINAC HORSEMEN'S ASSOCIATION, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $178K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 25% operating margin.

Mission

IN RECOGNITION OF THE UNIQUE ORDINACE OF 1898, BANNING THE "HORSELESS" CARRIAGE ON MACKINAC ISLAND, AND IN THAT THE "HORSE IS KING" ON MACKINAC ISLAND, THE MACKINAC HORSEMEN'S ASSOCIATION IS DEDICATED TO THE PROMOTION, EDUCATION, AND FUTURE OF HORSES AND HORSEMEN ON MACKINAC ISLAND.

Program Service Accomplishments

Program 1

Expenses: $104,559 Revenue: $24,388

EDUCATION OF THE GENERAL PUBLIC ON HORSE SAFETY AND PROPER HORSEMANSHIP. ACCESS TO THE HORSES IS PROVIDED VIA A LEASE PROGRAM. THERE ARE CURRENTLY 573 MEMBERS. THE ASSOCIATION GAVE APPROX. 34 MEMBER LESSONS, 155 GENERAL LESSONS AND APPROXIMATELY 146 4-H LESSONS OVER THE SUMMER OF 2023. THE ASSOCIATION ALSO PROVIDED APPROXIMATELY 15 NIGHTS OF BOARDING FOR HORSES.

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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 $152,302

Program Service Revenue $24,388

Investment Income $1,487

Other Revenue $-492

TOTAL REVENUE $177,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,624

Fundraising Expenses $0

Program Expenses $104,559

Other Expenses $83,236

TOTAL EXPENSES $133,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,685	$136,695	+0.3%
Expenses	$133,860	$166,324	-0.2%
Net Income	$43,825	$-29,629	-2.5%

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

$9,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN RILENGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM SHEA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN GULLY	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES GROAT	DIRECTOR	2.00	Director	$0	$0	$0
JUDY BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
BOB CLOGG	DIRECTOR	2.00	Director	$0	$0	$0
LORETTA HELWIG	DIRECTOR	2.00	Director	$0	$0	$0
BEN MOSLEY	DIRECTOR	2.00	Director	$0	$0	$0
SHERI PLUTCHAK	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
KAREN WHITE	DIRECTOR	2.00	Director	$0	$0	$0
COLONEL DON PACKARD	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA JEAN HUBEL	DIRECTOR	2.00	Director	$0	$0	$0
MAURA TIMMONS	DIRECTOR	2.00	Director	$0	$0	$0
LEANNE BRODEUR	EXECUTIVE DIRECTOR	40.00	Officer	$9,486	$0	$9,486

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	$177,685	$133,860	$353,634	$43,825
2022	$136,695	$166,324	$309,809	$-29,629
2021	$446,195	$181,004	$352,212	$265,191
2020	$148,141	$143,067	$347,639	$5,074
2019	$169,709	$187,150	$412,796	$-17,441
2018	$161,538	$218,555	$448,327	$-57,017