THE SWEET HOUSE FOUNDATION (EIN 202260362) - 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

2005

Legal Domicile

Principal Officer

TAMARA STEIL

Phone

6164595484

Tax Period

2024-01-01 to 2024-12-31

THE SWEET HOUSE FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $433K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 21% operating margin.

Mission

THE SWEET HOUSE FOUNDATION OBJECTIVE IS TO PRESERVE, MAINTAIN, AND SHARE THE HISTORIC HOUSE OF MARTIN SWEET LOCATED AT 254 FULTON STREET E, GRAND RAPIDS, MICHIGAN. THE FOUNDATION IS DEDICATED TO EDUCATING THE PUBLIC ABOUT EXTENSIVE CONTRIBUTIONS OF MARTIN SWEET, THE DEVELOPMENT OF EARLY GRAND RAPIDS AND THE HISTORICAL ACCOMPLISHMENTS OF SUBSEQUENT OCCUPANTS OF THE HOUSE.

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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 $302,756

Program Service Revenue $0

Investment Income $1,926

Other Revenue $128,350

TOTAL REVENUE $433,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,746

Program Expenses $290,173

Other Expenses $340,884

TOTAL EXPENSES $340,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,032	$283,559	+0.5%
Expenses	$340,884	$256,933	+0.3%
Net Income	$92,148	$26,626	+2.5%

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

N/A

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
BARBARA DRAUGHON	DIRECTOR	5.00	Officer Director	$0	$0	$0
DIANNE GARRETT	DIRECTOR	5.00	Officer Director	$0	$0	$0
SHIRLEY MAYER	DIRECTOR	5.00	Officer Director	$0	$0	$0
HELENA MITCHELL	DIRECTOR	5.00	Officer Director	$0	$0	$0
IRENE NOWAK	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
BETH PLOEG	SECRETARY	5.00	Officer Director	$0	$0	$0
TAMARA STEIL	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
ELLEN WICKS	TREASURER	5.00	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
2024	$433,032	$340,884	$499,378	$92,148
2023	$283,559	$256,933	$407,233	$26,626
2022	$373,305	$379,949	$390,414	$-6,644
2021	$261,706	$265,522	$395,789	$-3,816
2020	$163,391	$186,449	$382,271	$-23,058
2019	$147,328	$172,337	$400,970	$-25,009
2018	$90,605	$140,937	$416,625	$-50,332

THE SWEET HOUSE FOUNDATION