SUNSET MANOR INC (EIN 237010671) - 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

1968

Legal Domicile

Principal Officer

STEVE BOSSENBROEK

Phone

6164572770

Tax Period

2023-01-01 to 2023-12-31

SUNSET MANOR INC, founded in 1968, is a mid-sized nonprofit in the Human Services sector that reported $31.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE QUALITY HOUSING AND SERVICES FOR SENIORS IN KENT AND OTTAWA COUNTIES THROUGH THE OPERATION OF SENIOR COMMUNITIES AND HOME HELP SERVICES.

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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 $766,063

Program Service Revenue $27,827,159

Investment Income $2,507,946

Other Revenue $0

TOTAL REVENUE $31,101,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,931,035

Fundraising Expenses $0

Program Expenses $27,872,342

Other Expenses $16,286,415

TOTAL EXPENSES $32,217,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,101,168	$27,895,938	+0.1%
Expenses	$32,217,450	$29,707,197	+0.1%
Net Income	$-1,116,282	$-1,811,259	-0.4%

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

863

Volunteers

240

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

$795,100

Total Directors

$177,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM ALBERS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOEL HOLSTEGE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL BAKKER	VICE CHAIRMAN - PART YEAR	1.00	Officer Director	$0	$0	$0
DAVID MIEDEMA	SECRETARY	40.00	Officer Director	$177,500	$0	$177,500
JEFF KOLK	DIRECTOR	1.00	Director	$0	$0	$0
GRACE KREULEN	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
JIM KROL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LAMORE	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
CHRISTOPHER MATTHYSSE	DIRECTOR	1.00	Director	$0	$0	$0
RAY RINGERWOLE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM SENG	DIRECTOR	1.00	Director	$0	$0	$0
CHERI SHIPPY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SUTHERLAND	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ZONDERVAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA MATZKE	PRESIDENT AND CEO	40.00	Officer	$291,614	$38,277	$329,891
STEVEN BOSSENBROEK	CFO AND TREASURER	40.00	Officer	$252,961	$34,748	$287,709
MELISSA OHM	VP HUMAN RESOURCES	40.00	Highest	$165,495	$30,502	$195,997
SUE HAMM	EXECUTIVE DIRECTOR	40.00	Highest	$156,888	$29,531	$186,419
BEN LEAVELL	EXECUTIVE DIRECTOR	40.00	Highest	$147,632	$28,450	$176,082
EMILY FOSTER	EXECUTIVE DIRECTOR	40.00	Highest	$124,625	$13,914	$138,539
JAMES STEENBERGEN	EXECUTIVE DIRECTOR - PART YEAR	40.00	Highest	$109,144	$22,810	$131,954

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$31,101,168	$32,217,450	$106,875,334	$-1,116,282
2022	$27,895,938	$29,707,197	$121,405,015	$-1,811,259
2021	$34,405,482	$25,235,872	$115,496,731	$9,169,610
2020	$36,354,116	$35,388,758	$86,891,286	$965,358
2019	$34,796,768	$33,561,344	$82,262,240	$1,235,424
2018	$32,722,060	$31,534,123	$79,417,169	$1,187,937

SUNSET MANOR INC