MICHIGAN INTERSCHOLASTIC HORSEMANSHIP ASSOCIATION (EIN 383182563) - 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

1988

Legal Domicile

Principal Officer

CANDICE RUSSELL

Phone

6169158802

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN INTERSCHOLASTIC HORSEMANSHIP ASSOCIATION, founded in 1988, is a small nonprofit in the Recreation & Sports sector that reported $275K in total revenue in fiscal year 2025. Expenses of $257K left a modest 7% surplus.

Mission

A PROGRAM FOR JUNIOR AND SENIOR HIGH SCHOOL STUDENTS WHICH FOSTERS HORSEMANSHIP EDUCATION AND ACTIVITIES TO ENCOURAGE LEADERSHIP, FAIR PLAY, HORSEMANSHIP AND GOOD SPORTMANSHIP.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,828

Program Service Revenue $273,514

Investment Income $0

Other Revenue $0

TOTAL REVENUE $275,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,271

Program Expenses $202,214

Other Expenses $257,035

TOTAL EXPENSES $257,035

Year-over-Year Comparison

	2025	2024	Change
Revenue	$275,342	$272,791	+0.0%
Expenses	$257,035	$254,266	+0.0%
Net Income	$18,307	$18,525	0.0%

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

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
LUCY BROWN	RULES DIRECT	5.00	Officer Director	$0	$0	$0
BOB CLOGG	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
SHERYL DREYER	1ST VICE CHA	5.00	Officer Director	$0	$0	$0
TRACY MARR	SECRETARY	5.00	Officer Director	$0	$0	$0
CANDICE RUSSELL	TREASURER	5.00	Officer Director	$0	$0	$0
MYRA ZOLYNSKY	2ND CHAIRPER	5.00	Officer 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
2025	$275,342	$257,035	$284,723	$18,307
2024	$272,791	$254,266	$266,416	$18,525
2023	$277,230	$274,568	$247,891	$2,662
2022	$272,086	$291,292	$245,229	$-19,206
2021	$286,475	$293,084	No data	$-6,609
2020	$248,888	$279,549	$270,730	$-30,661
2019	$292,443	$268,540	$301,392	$23,903
2018	$265,087	$298,376	$277,489	$-33,289
2017	$284,038	$263,159	$310,778	$20,879

MICHIGAN INTERSCHOLASTIC HORSEMANSHIP ASSOCIATION