SOCIETY OF ST VINCENT DEPAUL OF GRAND RAPIDS INC (EIN 381368356) - 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

1932

Legal Domicile

Principal Officer

MARK FAIRGRIEVE

Phone

6164521408

Tax Period

2022-10-01 to 2023-09-30

SOCIETY OF ST VINCENT DEPAUL OF GRAND RAPIDS INC, founded in 1932, is a micro nonprofit in the Human Services sector that reported $61K in total revenue in fiscal year 2022. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 603% operating deficit.

Mission

ST. VINCENT DEPAUL EXISTS TO HELP THE NEEDS WITH CLOTHING, FURNITURE, AND HOUSEHOLD ITEM. THE ORGANIZATION RECEIVES REFERRALS FROM CHURCHES TO HELP INDIVIDUALS AND FAMILIES, INCLUDING DISASTER VICTIMS, REFUGEES, AND THOSE RELEASED FROM PRISON.

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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 (2022)

Revenue Breakdown

Contributions & Grants $112,156

Program Service Revenue $-119,894

Investment Income $68,967

Other Revenue $0

TOTAL REVENUE $61,229

Expense Breakdown

Grants Paid $89,334

Salaries & Benefits $104,744

Fundraising Expenses $1,757

Program Expenses $369,133

Other Expenses $236,085

TOTAL EXPENSES $430,163

Year-over-Year Comparison

	2022	2021	Change
Revenue	$61,229	$852,708	-0.9%
Expenses	$430,163	$360,714	+0.2%
Net Income	$-368,934	$491,994	-1.7%

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

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
JAMES WHITE	TREASURER	N/A	Officer Director	$0	$0	$0
JOE TIERNEY	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN VANHAREN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MARK FAIRGRIEVE	PRESIDENT	N/A	Officer Director	$0	$0	$0
TOM GOLE	SECRETARY	N/A	Officer Director	$0	$0	$0
JON NUNN	DIRECTOR	N/A	Director	$0	$0	$0
TODD DAVLIN	DIRECTOR	N/A	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
2023	$61,229	$430,163	$122,479	$-368,934
2022	$852,708	$360,714	$1,005,130	$491,994
2021	$378,595	$369,224	$771,966	$9,371
2020	$277,834	$411,765	$453,756	$-133,931
2020	$218,543	$369,750	$436,480	$-151,207
2019	$353,055	$416,941	$414,867	$-63,886
2018	$387,486	$455,473	$488,398	$-67,987

SOCIETY OF ST VINCENT DEPAUL OF GRAND RAPIDS INC