THE RENEWED HOPE FREE HEALTH CLINIC

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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

2007

Principal Officer

CAROL VISSER

Phone

2693553053

Tax Period

2024-06-01 to 2025-05-31

THE RENEWED HOPE FREE HEALTH CLINIC, founded in 2007, is a micro nonprofit in the Health Care sector that reported $39K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

RENEWED HOPE STRIVES TO MEET THE NEEDS OF UNINSURED AND UNDER-INSURED ADULTS LIVING IN ALLEGAN COUNTY THROUGH MEDICAL, EMOTIONAL, AND SPIRITUAL CARE IN A HOLISTIC ENVIRONMENT BY UTILIZING VOLUNTEERS/MEDICAL PERSONNEL.

Program Service Accomplishments

Program 1

Expenses: $42,593

RENEWED HOPE PROVIDED MEDICAL SUPPLIES AND HEALTH VISITS FREE OF CHARGE TO THE COMMUNITY.

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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 $39,438

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,593

Other Expenses $42,593

TOTAL EXPENSES $42,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,438	$33,181	+0.2%
Expenses	$42,593	$46,532	-0.1%
Net Income	$-3,155	$-13,351	-0.8%

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
LOU ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
RENEE ASKANAZI	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER M FISH DO	MEDICAL DIRE	0.00	Director	$0	$0	$0
AMY HECKMAN	EXECUTIVE DI	1.00	Director	$0	$0	$0
VICTOR MARQUES	PRESIDENT	5.00	Officer Director	$0	$0	$0
TONYA ROAN	TRUSTEE	2.00	Director	$0	$0	$0
CAROL VISSER	EXECUTIVE DI	20.00	Officer 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	$39,438	$42,593	$21,599	$-3,155
2024	$33,181	$46,532	$24,754	$-13,351
2023	$59,414	$31,557	$38,105	$27,857
2022	$34,497	$40,280	$10,248	$-5,783