MICHIGAN HIGH SCHOOL RODEO ASSOC

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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

1990

Legal Domicile

Principal Officer

TIFFANY RYAN

Phone

2698388032

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN HIGH SCHOOL RODEO ASSOC, founded in 1990, is a small nonprofit that reported $229K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $255K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROMOTE TOP LEVEL SPORTSMANSHIP, CONDUCT, HUMANE TREATMENT OF ANIMALS. KEEP THE WESTERN HERITAGE ALIVE AND TO ENCOURAGE FURTHER EDUCATION WITH SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $96,971 Revenue: $134,030

ORGANIZE RODEO EVENTS TO TEACH KIDS ABOUT SPORTSMANSHIP, CONDUCT, HUMANE TREATEMENT OF ANIMALS, AND TO KEEP THE WESTERN HERITAGE ALIVE.

Program 2

Expenses: $21,556

FUND FUTURE SCHOLARSHIPS TO PROMOTE EDUCATION

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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 $45,005

Program Service Revenue $134,030

Investment Income $2,127

Other Revenue $48,198

TOTAL REVENUE $229,360

Expense Breakdown

Grants Paid $21,556

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,527

Other Expenses $233,244

TOTAL EXPENSES $254,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,360	$191,229	+0.2%
Expenses	$254,800	$164,570	+0.5%
Net Income	$-25,440	$26,659	-2.0%

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

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
ELEWYN PLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY KENNEDY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE BOK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JUDAH	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHELLE RAYNAK	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLIE SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SCARLAVAI	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER COIPEL	TREASURER	2.00	Officer	$0	$0	$0
JEREMY PHILLIPS	PRESIDENT	3.00	Officer	$0	$0	$0
MICHELLE NEUKOM	SECRETARY	1.00	Officer	$0	$0	$0
MARC HUVER	VICE PRESIDENT	1.00	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	$229,360	$254,800	$124,895	$-25,440
2023	$191,229	$164,570	$140,228	$26,659