Spring Meadows II Senior Non-Profit Housing

EIN: 261795340 501(c)(3) Housing & Shelter

Jackson, MI

Total Revenue
$348,397
Total Expenses
$410,866
Total Assets
$2,390,594
Net Assets
$-1,204,226
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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
2008
Legal Domicile
MI
Principal Officer
Debbie Muhich
Tax Period
2024-07-01 to 2025-06-30

Spring Meadows II Senior Non-Profit Housing, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $348K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $411K exceeded revenue, resulting in a 18% operating deficit.

Mission

Provide housing and services to low income senior adults

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $345,013
Investment Income $170
Other Revenue $3,214
TOTAL REVENUE $348,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,359
Fundraising Expenses $0
Program Expenses $285,783
Other Expenses $269,507
TOTAL EXPENSES $410,866

Year-over-Year Comparison

2024 2023 Change
Revenue $348,397 $279,312 +0.2%
Expenses $410,866 $375,865 +0.1%
Net Income $-62,469 $-96,553 -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

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
6

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
4
$71,220
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rae Stachnik Administrator 020.00
Officer
$35,610 $0 $71,220
Debbie Muhich Chair 001.00
Officer Director
$0 $0 $0
Vanessa Ronders Treasurer 001.00
Officer Director
$0 $0 $0
Leslie Krantz Secretary 001.00
Officer Director
$0 $0 $0
Raza Haque Director 001.00
Director
$0 $0 $0
Kathleen Johns Director 001.00
Director
$0 $0 $0
Julie Wetherby Director 001.00
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
2025 $348,397 $410,866 $2,390,594 $-62,469
2024 $279,312 $375,865 $2,499,426 $-96,553
2023 $322,977 $426,329 $2,583,146 $-103,352
2022 $294,265 $405,361 $2,654,801 $-111,096
2021 $277,024 $370,028 $2,726,333 $-93,004
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