SECOND IMPRESSIONS (EIN 010738748) - 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

2002

Legal Domicile

Principal Officer

WILLIAM D KONING

Phone

2693457757

Tax Period

2023-09-01 to 2024-08-31

SECOND IMPRESSIONS, founded in 2002, is a small nonprofit in the Human Services sector that reported $915K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO SUPPORT A 501(C)(3) SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $907,202

Investment Income $7,750

Other Revenue $0

TOTAL REVENUE $915,452

Expense Breakdown

Grants Paid $546,730

Salaries & Benefits $141,121

Fundraising Expenses $0

Program Expenses $1,020,883

Other Expenses $359,551

TOTAL EXPENSES $1,047,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$915,452	$929,038	0.0%
Expenses	$1,047,402	$829,404	+0.3%
Net Income	$-131,950	$99,634	-2.3%

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

200

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

$85,114

Total Directors

$138,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM D KONING	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BATTS	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
JOHN GRASHUIS	TREASURER	3.00	Officer Director	$0	$0	$0
MARGE BOODEN	SECRETARY	3.00	Officer Director	$0	$0	$0
JACKIE WARNERS	BOARD MEMBER	8.00	Director	$0	$0	$0
MARC VERKAIK	LEAD ADMINIS	1.00	Director	$0	$19,126	$138,936
JIM STERENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
LORA VOGEL	BOARD MEMBER	3.00	Director	$0	$0	$0
BILL DYKHUIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KRAGE FOX	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERI GAVIN	ASSISTANT MA	20.00	Officer	$0	$1,713	$28,759
PATTY GRUIZINGA	GENERAL MANA	20.00	Officer	$0	$11,823	$56,355

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
2024	$915,452	$1,047,402	$1,164,972	$-131,950
2023	$929,038	$829,404	$1,312,968	$99,634
2022	$912,099	$739,830	$1,237,026	$172,269
2021	$696,728	$741,888	$1,123,992	$-45,160
2020	$585,969	$579,004	$1,188,496	$6,965
2019	$743,777	$713,567	$1,214,887	$30,210
2018	$719,948	$730,412	$1,252,266	$-10,464

SECOND IMPRESSIONS