EQUINE ASSISTED DEVELOPMENT

EIN: 814149386 501(c)(3) Recreation & Sports

Grand Rapids, MI

Total Revenue
$118,444
Total Expenses
$135,633
Total Assets
$78,205
Net Assets
$64,482
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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
2017
Legal Domicile
MI
Tax Period
2023-01-01 to 2023-12-31

EQUINE ASSISTED DEVELOPMENT, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $118K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $136K exceeded revenue, resulting in a 15% operating deficit.

Mission

THROUGH THE EMOTIONAL INTERACTION WITH RESCUED HORSES, WE COACH INDIVIDUALS OF ALL AGES TO A CLEAR DISCOVERY & ALIGNMENT WITH THEIR CREATED PURPOSE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $85,028
Program Service Revenue $16,270
Investment Income $12,462
Other Revenue $4,684
TOTAL REVENUE $118,444

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,530
Fundraising Expenses $0
Program Expenses $10,156
Other Expenses $83,103
TOTAL EXPENSES $135,633

Year-over-Year Comparison

2023 2022 Change
Revenue $118,444 $96,942 +0.2%
Expenses $135,633 $138,301 0.0%
Net Income $-17,189 $-41,359 -0.6%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
2
$40,673
Total Directors
7
$40,673
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA VANDERBAND EXECUTIVE DIRECTOR 40.00
Officer Director
$40,673 $0 $40,673
CRAIG KOETSIER BOARD MEMBER 0.00
Director
$0 $0 $0
DARRIN DOOR BOARD MEMBER 0.00
Director
$0 $0 $0
CAROLYN FRAISER BOARD MEMBER 0.00
Director
$0 $0 $0
MIKALA VANDERBAND BOARD MEMBER 0.00
Director
$0 $0 $0
NANCY BYKERK BOARD MEMBER 0.00
Director
$0 $0 $0
ASHLEY CHRYLSER SECRETARY 0.00
Director
$0 $0 $0
SCOTT SHAW PRESIDENT 0.00
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
2023 $118,444 $135,633 $78,205 $-17,189
2022 $96,942 $138,301 $98,422 $-41,359
2021 $195,029 $114,147 $167,139 $80,882
2020 $60,907 $83,393 $48,077 $-22,486
2019 $86,906 $76,284 $65,470 $10,622
2018 $99,248 $81,951 $54,508 $17,297
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