Mackinac Horsemens Associations
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 136,005 | 76,034 | 59,971 | 28.8 | 0% |
| 2012 | 173,006 | 146,661 | 26,345 | 13.6 | 0% |
| 2013 | 231,240 | 164,416 | 66,824 | 13.9 | 10% |
| 2014 | 121,818 | 144,944 | −23,126 | 13.8 | 0% |
| 2015 | 154,337 | 170,196 | −15,859 | 13.7 | 0% |
| 2016 | 152,599 | 166,617 | −14,018 | 12.9 | 0% |
| 2017 | 156,157 | 167,418 | −11,261 | 12.1 | 0% |
| 2018 | 161,538 | 218,555 | −57,017 | 6.1 | 17% |
| 2019 | 169,709 | 187,150 | −17,441 | 6.0 | 16% |
| 2020 | 148,141 | 143,067 | 5,074 | 4.7 | 11% |
| 2021 | 446,195 | 181,004 | 265,191 | 21.3 | 18% |
| 2022 | 136,695 | 166,324 | −29,629 | 21.1 | 24% |
| 2023 | 177,685 | 133,860 | 43,825 | 30.1 | 30% |
In its most recent public year (2023), this organization brought in $43,825 more than it spent. Its reserves stood at about 30.1 months of spending, up from 28.8 in 2011. Staff pay was 30% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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