MICHIGAN HORSE COUNCIL INC

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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

1973

Legal Domicile

Principal Officer

PENNY WILSON

Phone

5172522630

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN HORSE COUNCIL INC, founded in 1973, is a small nonprofit in the Unknown sector that reported $351K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

MICHIGAN HORSE COUNCIL, INC. IS ORGANIZED FOR THE PURPOSES OF EDUCATING, SUPPORTING, ENCOURAGING, SUPPLEMENTING AND COORDINATING THE EFFORTS OF THOSE PRESENTLY ENGAGED IN THE CONSTRUCTIVE CONSERVATION, DEVELOPMENT AND PROMOTION OF THE HORSE INDUSTRY AND THE HORSE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $307,803 Revenue: $333,993

THE MICHIGAN HORSE EXPO, HELD ANNUALLY, IS A VENUE OF EDUCATIONAL PROGRAMS FEATURING SPEAKERS, SEMINARS, CLINICS, DEMONSTRATIONS, A YOUTH RODEO, AND VARIOUS OTHER EVENTS FOR THE BENEFIT AND EDUCATION OF THE HORSE COMMUNITY AND OTHER HORSE ORGANIZATIONS AND TO ADVOCATE THE CONSERVATION AND PROMOTION OF THE HORSE COMMUNITY.

Program 2

Expenses: $9,000 Revenue: $0

GRANTS TO UNIVERSITIES, INDIVIDUALS, AND OTHER RELATED ORGANIZATIONS TO PROVIDE SCHOLARSHIPS TO PROMOTE EDUCATION.

Program 3

Expenses: $12,046

OTHER ANCILARY PROGRAM ACTIVITIES, INCLUDING THE PERFORMANCE OF IMPACT STUDIES.

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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 $11,265

Program Service Revenue $333,993

Investment Income $5,501

Other Revenue $0

TOTAL REVENUE $350,759

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $328,849

Other Expenses $348,688

TOTAL EXPENSES $357,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,759	$258,424	+0.4%
Expenses	$357,688	$239,767	+0.5%
Net Income	$-6,929	$18,657	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VACANT	PRESIDENT ELECT	2.00	Director	$0	$0	$0
RENEE EVOY	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR WALTON	DIRECTOR	2.00	Director	$0	$0	$0
KALLIE MEYERS	DIRECTOR	2.00	Director	$0	$0	$0
BRITTANY BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
GAIL HIBRAND	DIRECTOR	2.00	Director	$0	$0	$0
JULIE VRUGGINK	PRESIDENT	2.00	Officer	$0	$0	$0
VACANT	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SASHA GLOVER	SECRETARY	2.00	Officer	$0	$0	$0
PENNY WILSON	TREASURER	2.00	Officer	$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	$350,759	$357,688	$287,060	$-6,929
2022	$258,424	$239,767	$293,989	$18,657
2021	$64,024	$84,808	$275,332	$-20,784
2020	$219,136	$250,794	$296,116	$-31,658
2019	$253,626	$254,017	$327,774	$-391
2018	$235,815	$248,832	$328,165	$-13,017
2018	$247,886	$242,510	$346,558	$5,376