Michigan Association Ofchiropractors
Michigan Association Ofchiropractors consistently operates at a deficit, drawing down assets over eight years.
EIN: 208724316 · Lansing, MI · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.1M |
| Program Spending | 75% |
| Net Assets | $756K |
| Transparency Score | 65/100 |
Is Michigan Association Ofchiropractors Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michigan Association Ofchiropractors directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michigan Association Ofchiropractors
Michigan Association Ofchiropractors (EIN: 208724316) is a nonprofit organization based in Lansing, MI, classified under NTEE code S41. The organization reported total revenue of $1.7M and total assets of $849K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Association Ofchiropractors's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Association Ofchiropractors is a mid-size nonprofit that has been operating for 7 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-269,075 |
| Total Assets | $906K |
| Total Liabilities | $150K |
| Net Assets | $756K |
| Operating Margin | -14.3% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Michigan Association Ofchiropractors reported a deficit of $269K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Michigan Association Ofchiropractors's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +4.0% | -11.6% |
| 2022 | +12.6% | +25.2% | -17.2% |
| 2021 | +14.1% | +7.7% | -11.1% |
| 2020 | -13.7% | -13.7% | +4.5% |
| 2019 | -3.5% | -1.1% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michigan Association Ofchiropractors with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Michigan Association Ofchiropractors allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $269K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Michigan Association Ofchiropractors's IRS 990 filings:
- Consistent operational deficits across all eight reported periods.
- Significant decline in total assets from $1,507,099 in 2016 to $905,739 in 2023, indicating asset depletion.
- Expenses consistently exceeding revenue, such as $2,145,565 in expenses against $1,876,490 in revenue in 2023.
Strengths
The following positive indicators were identified for Michigan Association Ofchiropractors:
- Consistent revenue generation, averaging approximately $1.7 million annually.
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Stable asset base, despite the decline, still provides some financial cushion.
Frequently Asked Questions about Michigan Association Ofchiropractors
Is Michigan Association Ofchiropractors a legitimate charity?
Based on AI analysis of IRS 990 filings, Michigan Association Ofchiropractors (EIN: 208724316) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Michigan Association Ofchiropractors spend its money?
Michigan Association Ofchiropractors directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michigan Association Ofchiropractors tax-deductible?
Michigan Association Ofchiropractors is registered as a tax-exempt nonprofit (EIN: 208724316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Michigan Association Ofchiropractors's spending goes to programs?
Michigan Association Ofchiropractors directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Michigan Association Ofchiropractors compare to similar nonprofits?
With a transparency score of 65/100 (Good), Michigan Association Ofchiropractors is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michigan Association Ofchiropractors located?
Michigan Association Ofchiropractors is headquartered in Lansing, Michigan and files with the IRS under EIN 208724316. It is classified under NTEE code S41.
How many years of IRS 990 filings does Michigan Association Ofchiropractors have?
Michigan Association Ofchiropractors has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
How does the Michigan Association Ofchiropractors cover its consistent operational deficits?
The consistent deficits, such as the $269,075 shortfall in 2023 ($1,876,490 revenue vs. $2,145,565 expenses), suggest the organization is either drawing down its assets or utilizing other non-revenue income sources not detailed in the provided summary to cover its operational costs. The decline in assets from $1,507,099 in 2016 to $905,739 in 2023 supports the asset drawdown hypothesis.
What is the long-term financial sustainability outlook given the continuous deficits?
The continuous trend of expenses exceeding revenue, coupled with a significant reduction in assets over eight years, raises concerns about the long-term financial sustainability of the organization. Without a shift towards balanced budgets or increased revenue streams, the organization risks further depletion of its financial reserves.
What are the primary drivers of the organization's expenses?
While a detailed breakdown of expenses is not provided, the consistent deficits indicate that the organization's operational costs, which include program, administrative, and fundraising expenses, consistently exceed its income. Further analysis of the full 990 forms would be needed to identify specific expense categories.
Filing History
IRS 990 filing history for Michigan Association Ofchiropractors showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Michigan Association Ofchiropractors's revenue has grown by 18.2%, moving from $1.6M to $1.9M. Total assets decreased by 39.9% over the same period, from $1.5M to $906K. Total functional expenses rose by 25%, from $1.7M to $2.1M. In its most recent filing year (2023), Michigan Association Ofchiropractors reported a deficit of $269K, with expenses exceeding revenue. The organization holds $150K in liabilities against $906K in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $756K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.1M | $906K | $150K | — | — |
| 2022 | $1.8M | $2.1M | $1.0M | $0 | — | View 990 |
| 2021 | $1.6M | $1.6M | $1.2M | $0 | — | View 990 |
| 2020 | $1.4M | $1.5M | $1.4M | $150K | — | View 990 |
| 2019 | $1.7M | $1.8M | $1.3M | $0 | — | — |
| 2018 | $1.7M | $1.8M | $1.4M | $0 | — | View 990 |
| 2017 | $1.7M | $1.7M | $1.5M | $0 | — | — |
| 2016 | $1.6M | $1.7M | $1.5M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $906K (revenue +1.4% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.1M, and assets of $1.0M (revenue +12.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue +14.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $1.4M (revenue -13.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.8M, and assets of $1.3M (revenue -3.5% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $1.4M (revenue +4.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue +4.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Association Ofchiropractors:
Data Sources and Methodology
This transparency report for Michigan Association Ofchiropractors is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.