RESTHAVEN (EIN 381387113) - 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

1945

Legal Domicile

Principal Officer

DEEDRE SCHUCKERT

Phone

6167963504

Tax Period

2023-01-01 to 2023-12-31

RESTHAVEN, founded in 1945, is a mid-sized nonprofit that reported $30.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $27.2M left a modest 12% surplus.

Mission

RESTHAVEN'S MISSION IS TO GLORIFY GOD BY PROVIDING A CONTINUUM OF QUALITY CARE AND SERVICES THAT DEMONSTRATES THE LOVE AND COMPASSION OF JESUS CHRIST.

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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 $1,413,075

Program Service Revenue $28,850,127

Investment Income $476,507

Other Revenue $181,203

TOTAL REVENUE $30,920,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,561,848

Fundraising Expenses $130,065

Program Expenses $24,619,901

Other Expenses $10,612,625

TOTAL EXPENSES $27,174,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,920,912	$26,895,670	+0.1%
Expenses	$27,174,473	$25,243,943	+0.1%
Net Income	$3,746,439	$1,651,727	+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

776

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

$533,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATE BAUMANN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DOUG DELEEUW	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
BOB CARLSON	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN VANDERKLOK	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID LUTZ	TRUSTEE	1.00	Director	$0	$0	$0
KAITLIN DEMAAGD	TRUSTEE-PARTIAL YEAR	1.00	Director	$0	$0	$0
HAANS MULDER	TRUSTEE	1.00	Director	$0	$0	$0
ANNIE STERKEN	TRUSTEE	1.00	Director	$0	$0	$0
PAM VANPUTTEN	TRUSTEE	1.00	Director	$0	$0	$0
BARB KLEINHEKSEL	TRUSTEE	1.00	Director	$0	$0	$0
HANNAH CLARK	TRUSTEE	1.00	Director	$0	$0	$0
DEEDRE SCHUCKERT	PRESIDENT/CEO	50.00	Officer	$295,911	$17,315	$313,226
SETH WEENER	CHIEF FINANCIAL OFFICER	50.00	Officer	$185,836	$34,058	$219,894
MIKE ADAMS	DIRECTOR OF HUMAN RESOURCES	50.00	Highest	$109,927	$16,872	$126,799
PATRICK CIOFFI	DIRECTOR OF FACILITY OPERATIONS	50.00	Highest	$109,090	$34,138	$143,228
MARY WIKSTROM	RN CHARGE NURSE	51.00	Highest	$105,136	$8,613	$113,749
ANGELINA JACOBS	DIRECTOR OF NURSING	50.00	Highest	$113,643	$4,082	$117,725

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	No data	No data	No data	No data
2023	$30,920,912	$27,174,473	$94,901,498	$3,746,439
2022	$26,895,670	$25,243,943	$54,017,067	$1,651,727
2021	$29,087,420	$24,361,042	$35,879,779	$4,726,378
2020	$25,946,557	$23,723,608	$32,501,578	$2,222,949
2019	$22,948,145	$21,465,755	$27,521,606	$1,482,390
2018	$22,240,170	$20,905,786	$25,498,668	$1,334,384

RESTHAVEN