MONROE SENIOR HOUSING INC (EIN 237339403) - 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

1976

Legal Domicile

Principal Officer

CARY DIEKEMA

Phone

5634326160

Tax Period

2024-01-01 to 2024-12-31

MONROE SENIOR HOUSING INC, founded in 1976, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Expenses of $145K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE CORPORATION WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING, CONSTRUCTING AND OPERATING RENTAL HOUSING AND RELATED FACILITIES FOR THE LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW OR MODERATE INCOME.

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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 $0

Program Service Revenue $103,763

Investment Income $5

Other Revenue $0

TOTAL REVENUE $103,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,265

Other Expenses $145,041

TOTAL EXPENSES $145,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,768	$98,354	+0.1%
Expenses	$145,041	$116,008	+0.3%
Net Income	$-41,273	$-17,654	+1.3%

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

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
DAVE VAN VEEN TERM DONE 020724	DIRECTOR	N/A	Director	$0	$0	$0
CARY DIEKEMA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEN ST PETER	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA STEENHOEK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DONNA VAN VEEN	SECRETARY	1.00	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	$103,768	$145,041	$499,479	$-41,273
2023	$98,354	$116,008	$542,594	$-17,654
2022	$94,940	$103,750	$568,135	$-8,810
2021	$96,513	$103,976	$586,717	$-7,463
2020	$94,923	$89,436	$599,360	$5,487
2019	$97,916	$91,469	$601,658	$6,447
2018	$92,590	$90,932	$601,070	$1,658

MONROE SENIOR HOUSING INC