GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHRISTIAN REST HOME ASSOCIATION, founded in 1945, is a mid-sized nonprofit in the Health Care sector that reported $18.1M in total revenue in fiscal year 2024.
THE PURPOSE OF CHRISTIAN REST HOME ASSOCIATION (DBA EDISON CHRISTIAN LIFE SERVICES) IS TO OPERATE WITH CHRISTIAN LOVE AND CONCERN, FACILITIES PROVIDING SKILLED AND BASIC NURSING CARE, SUPPORTIVE CARE AND RESIDENTIAL CARE TO ADULT PERSONS. THESE SERVICES ARE PROVIDED IN RECOGNITION OF THEIR OBLIGATION TO RENDER MERCY AND HELP TO THE AFFLICTED, AS ENJOINED UPON US BY THE LORD JESUS CHRIST IN LUKE 6:36, "BE YE THEREFORE MERCIFUL, AS YOUR FATHER ALSO IS MERCIFUL."
PROVIDED SKILLED NURSING SERVICES TO APPROXIMATELY 210 INDIVIDUALS DURING THE FISCAL YEAR. ABOUT 80% OF THE INDIVIDUALS ARE MEDICAID RECIPIENTS, HAVING EXHAUSTED THEIR FINANCIAL RESOURCES. 5% OF THE...
PROVIDED SKILLED NURSING SERVICES TO APPROXIMATELY 210 INDIVIDUALS DURING THE FISCAL YEAR. ABOUT 80% OF THE INDIVIDUALS ARE MEDICAID RECIPIENTS, HAVING EXHAUSTED THEIR FINANCIAL RESOURCES. 5% OF THE INDIVIDUALS RECEIVED REHABILITATION SERVICES UNDER MEDICARE/MEDICARE ADVANTAGE AND 15% OF THE INDIVIDUALS WERE SELF OR PRIVATE PAY.
PROVIDED ASSISTED LIVING SERVICES TO APPROXIMATELY 40 INDIVIDUALS DURING THE FISCAL YEAR. INDIVIDUALS MAY RECEIVE DISCOUNTED SERVICES IF THEY EXHAUST THEIR FINANCIAL RESOURCES. THE DISCOUNT GIVEN...
PROVIDED ASSISTED LIVING SERVICES TO APPROXIMATELY 40 INDIVIDUALS DURING THE FISCAL YEAR. INDIVIDUALS MAY RECEIVE DISCOUNTED SERVICES IF THEY EXHAUST THEIR FINANCIAL RESOURCES. THE DISCOUNT GIVEN WOULD BE BASED ON THE INDIVIDUAL'S MONTHLY INCOME. THE REDUCTION IN MONTHLY FEES TYPICALLY RANGE FROM 30-70% FROM STATED RATES. THIS FISCAL YEAR ALL THE INDIVIDUALS WERE SELF OR PRIVATE PAY.
PROVIDED SENIOR HOUSING TO APPROXIMATELY 40 INDIVIDUALS DURING THE FISCAL YEAR. ABOUT 5% OF THE INDIVIDUALS RECEIVED DISCOUNTED SERVICES BECAUSE THEY EXHAUSTED THEIR FINANCIAL RESOURCES. THE DISCOUNT...
PROVIDED SENIOR HOUSING TO APPROXIMATELY 40 INDIVIDUALS DURING THE FISCAL YEAR. ABOUT 5% OF THE INDIVIDUALS RECEIVED DISCOUNTED SERVICES BECAUSE THEY EXHAUSTED THEIR FINANCIAL RESOURCES. THE DISCOUNT GIVEN WAS BASED ON THE INDIVIDUAL'S MONTHLY INCOME. THE REDUCTION IN MONTHLY FEES RANGED FROM 10-30% FROM STATED RATES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $18,132,203 | $18,195,879 | 0.0% |
| Expenses | $18,557,039 | $16,570,916 | +0.1% |
| Net Income | $-424,836 | $1,624,963 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARTIN FAASSE | TREASURER | 0.4 |
Officer
Director
|
$0 | $0 | $0 |
| RENZ VERBEEK | VICE PRESIDENT | 0.4 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT MYERS | PRESIDENT | 0.4 |
Officer
Director
|
$0 | $0 | $0 |
| AILEEN RITTNER | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| CORA BUETE | SECERTARY | 0.4 |
Director
|
$0 | $0 | $0 |
| JAN VANSTRIEN | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| JULIE SPAANS | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| KAREN VANZWEDEN | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| KRISTIN MAST | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| LINDA MCQUADE | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| MARK BAUER | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| MICHAEL BILLINGSLEY | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| SHERRI THENN | BOARD MEMBER | 0.4 |
Director
|
$0 | $0 | $0 |
| VONNIE ENGELSMA | ASSISTANT SECRETARY | 0.4 |
Director
|
$0 | $0 | $0 |
| ESTHER HEEREMA | ADMINISTRATOR | 45.0 |
Officer
|
$209,070 | $11,528 | $220,598 |
| JAMES HORJUS | FINANCE OFFICE ADVISOR - PART YEAR | 45.0 |
Officer
|
$163,200 | $34,659 | $197,859 |
| RYAN MUSON | FINANCE DIRECTOR | 45.0 |
Officer
|
$79,038 | $0 | $79,038 |
| TRAVIS WELLS | ASSISTANT ADMINISTRATOR | 45.0 |
Officer
|
$79,396 | $6,164 | $85,560 |
| CHERYL MAYER | Registered Nurse | 45.0 |
Highest
|
$109,806 | $15,404 | $125,210 |
| GAYLE DYKEMA | DIRECTOR OF NURSING | 45.0 |
Highest
|
$125,285 | $35,454 | $160,739 |
| JASON DYKHOUSE | DIRECTOR OF NURSING | 45.0 |
Highest
|
$101,380 | $34,290 | $135,670 |
| NANCY ALLEN | MDS Coordinator | 45.0 |
Highest
|
$119,498 | $15,828 | $135,326 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $18,132,203 | $18,557,039 | $23,227,779 | $-424,836 |
| 2024 | $18,195,879 | $16,570,916 | $23,465,693 | $1,624,963 |
| 2023 | $14,351,297 | $15,763,338 | $22,146,927 | $-1,412,041 |
| 2022 | $16,412,067 | $14,284,284 | $23,494,835 | $2,127,783 |
| 2021 | $16,485,608 | $14,793,983 | $21,492,879 | $1,691,625 |
| 2020 | $15,387,110 | $14,819,329 | $21,398,094 | $567,781 |
| 2019 | $14,983,693 | $14,537,781 | $18,724,362 | $445,912 |
Compare CHRISTIAN REST HOME ASSOCIATION with other nonprofits in Michigan and across the country.