THE HUME HOME OF MUSKEGON (EIN 381387881) - 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

1911

Legal Domicile

Phone

6167195100

Tax Period

2024-01-01 to 2024-12-31

THE HUME HOME OF MUSKEGON, founded in 1911, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

PROVIDE A HOME FOR THE ELDERLY.

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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 $834

Program Service Revenue $1,148,646

Investment Income $0

Other Revenue $2,876

TOTAL REVENUE $1,152,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,127

Fundraising Expenses $0

Program Expenses $1,161,047

Other Expenses $431,430

TOTAL EXPENSES $1,258,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,152,356	$1,110,811	+0.0%
Expenses	$1,258,557	$1,212,434	+0.0%
Net Income	$-106,201	$-101,623	+0.0%

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

$633,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE KOETJE	CHAIRMAN	0.3	Officer Director	$0	$0	$0
SCOTT ZYLSTRA	SECRETARY/TREASURER	0.3	Officer Director	$0	$0	$0
ADAM DEVEREAUX	DIRECTOR	0.3	Director	$0	$0	$0
CHRIS AGUILAR	DIRECTOR	0.3	Director	$0	$0	$0
PHIL BEEZHOLD	DIRECTOR	0.3	Director	$0	$0	$0
CONNIE CLAUSON	CHIEF OPERATING OFFICER	0.3	Officer	$0	$13,730	$224,553
JAMES V TEW III	CHIEF FINANCIAL OFFICER	0.3	Officer	$0	$6,240	$167,560
MITCHELL A MCNEAL	PRESIDENT & CEO	0.3	Officer	$0	$13,730	$241,709

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	$1,152,356	$1,258,557	$2,072,556	$-106,201
2023	$1,110,811	$1,212,434	$1,972,665	$-101,623
2022	$871,034	$1,106,517	$1,921,517	$-235,483
2021	$890,733	$937,191	$2,274,123	$-46,458
2020	$998,011	$946,049	$1,045,743	$51,962
2019	$1,163,335	$952,966	$1,031,760	$210,369
2018	$837,295	$889,674	$837,389	$-52,379

THE HUME HOME OF MUSKEGON