TIMOTHY PLACE NFP (EIN 201835089) - 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

2004

Legal Domicile

Principal Officer

VANDERGENUGTEN BARRY

Phone

7083428100

Tax Period

2023-01-01 to 2023-12-31

TIMOTHY PLACE NFP, founded in 2004, is a mid-sized nonprofit in the Human Services sector that reported $22.5M in total revenue in fiscal year 2023. Expenses of $26.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HOUSING AND THE FULL CONTINUUM OF CARE FOR SENIORS.

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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 $167,894

Program Service Revenue $21,887,552

Investment Income $459,806

Other Revenue $0

TOTAL REVENUE $22,515,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,464,035

Fundraising Expenses $0

Program Expenses $24,853,918

Other Expenses $16,854,868

TOTAL EXPENSES $26,318,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,515,252	$21,379,925	+0.1%
Expenses	$26,318,903	$25,572,532	+0.0%
Net Income	$-3,803,651	$-4,192,607	-0.1%

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

372

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

$1,704,870

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCHUTT RICHARD	CEO	3.00	Officer	$0	$28,539	$714,672
DEYOUNG WILLIAM	COO	3.00	Officer	$0	$83,887	$557,125
VANDERGENUGTEN BARRY	CFO	3.00	Officer	$0	$29,973	$433,073
MCGOWAN-WELCH BETH	EXECUTIVE DI	40.00	Highest	$200,779	$7,570	$208,349
WALSH LAURA	MARKETER	40.00	Highest	$121,430	$4,776	$126,206
CARRASQUILLA GEORGE	DIRECTOR RES	40.00	Highest	$115,709	$3,458	$119,167
SUTKUTE INDRE	NURSING SUPE	40.00	Highest	$114,108	$4,563	$118,671
BROKAW JENNIFER	RN	40.00	Highest	$116,792	$1,167	$117,959
VAN ESSEN DARREN	DIRECTOR	1.00	Director	$0	$0	$0
GROENEWOLD JAKE	CHAIR	1.00	Officer Director	$0	$0	$0
HUIZENGA KAREN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
HOVING KEN	ASST SECT/TR	1.00	Officer Director	$0	$0	$0
JABAAY PATTI	DIRECTOR	1.00	Director	$0	$0	$0
BUIKEMA PAUL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FEENSTRA TED	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$22,515,252	$26,318,903	$123,658,033	$-3,803,651
2022	$21,379,925	$25,572,532	$124,177,539	$-4,192,607
2021	$21,665,214	$27,066,650	$129,698,156	$-5,401,436
2020	$22,497,274	$27,369,921	$130,209,794	$-4,872,647
2019	$20,811,497	$26,937,325	$134,977,939	$-6,125,828
2018	$20,171,061	$26,206,830	$140,488,578	$-6,035,769

TIMOTHY PLACE NFP