REINING MICHIGAN 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

2013

Legal Domicile

Principal Officer

TARA JEDELE

Phone

7346044657

Tax Period

2024-01-01 to 2024-12-31

REINING MICHIGAN INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $473K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $533K exceeded revenue, resulting in a 13% operating deficit.

Mission

AN AFFILIATE OF THE NATIONAL REINING HORSE ASSOCIATION AND WAS FOUNDED FOR THE PURPOSE OF PROMOTING THE REINING HORSE IN THE STATE OF MICHIGAN. IT IS OUR AIM TO ADVANCE THE SPORT TO A WELL-ORGANIZED AND AN EQUALLY WELL-CONDUCTED EVENT THAT EVERYONE CAN ENJOY. IT IS ALSO OUR PURPOSE TO INSURE EVERY CONTESTANT DESIRING TO REIN, A FAIR AND EQUAL CHANCE. THEREFORE, A UNIFORM SET OF BYLAWS, RULES, AND REGULATIONS GOVERNING A REINING EVENT WAS CONSIDERED NECESSARY.

Program Service Accomplishments

Program 1

Expenses: $528,117

AN AFFILIATE OF THE NATIONAL REINING HORSE ASSOCIAITON THAT WAS FOUNDED FOR THE PUPOSE OF PROMOTING THE REINING HORSE IN THE STATE OF MICHIGAN. ADVANCE THE SPORT OF REINING BY HOLDING WELL-ORGANIZED AND EQUALLY WELL-CONDUCTED EVENT THAT EVERYONE CAN ENJOY.WE HELD 4 HORSE SHOWS IN 2024 WITH ENTRIES AT THE SAME LEVEL AS THE PRIOR YEAR.

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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 $10,825

Program Service Revenue $497,396

Investment Income $10

Other Revenue $-35,181

TOTAL REVENUE $473,050

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $528,117

Other Expenses $531,531

TOTAL EXPENSES $532,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,050	$557,932	-0.2%
Expenses	$532,531	$567,941	-0.1%
Net Income	$-59,481	$-10,009	+4.9%

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

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
KRISTINA GOULET	PRESIDENT	20.00	Officer Director	$0	$0	$0
VICTORIA WILLIAMSON	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
TARA JEDELE	TREASURER	20.00	Officer Director	$0	$0	$0
SAVANNAH WHITE	SECRETARY	20.00	Officer Director	$0	$0	$0
LEANN OLLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEN PECK	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MACKINDER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET SHAFFNER	DIRECTOR	1.00	Director	$0	$0	$0
MATT LANTZ	DIRECTOR	1.00	Director	$0	$0	$0
LINDA FULLER	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE TRAFTON	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE GILLESPIE-DARROW	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
2025	No data	No data	No data	No data
2024	$473,050	$532,531	$209,228	$-59,481
2023	$557,932	$567,941	$268,175	$-10,009
2022	$482,722	$467,093	$283,025	$15,629
2021	$450,128	$374,519	$262,555	$75,609
2020	$280,530	$259,332	$186,946	$21,198
2019	$308,169	$347,356	$165,748	$-39,187
2018	$306,863	$303,882	$204,764	$2,981