HOLLAND CHRISTIAN EDUCATION SOCIETY (EIN 381416520) - 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

1902

Legal Domicile

Principal Officer

MARY RENALDI

Phone

6168202805

Tax Period

2024-07-01 to 2025-06-30

HOLLAND CHRISTIAN EDUCATION SOCIETY, founded in 1902, is a mid-sized nonprofit that reported $31.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $35.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE A CHRISTIAN EDUCATION FOR STUDENTS PRESCHOOL THROUGH GRADE 12.

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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 $12,205,327

Program Service Revenue $18,604,805

Investment Income $736,003

Other Revenue $184,736

TOTAL REVENUE $31,730,871

Expense Breakdown

Grants Paid $1,909,095

Salaries & Benefits $24,088,231

Fundraising Expenses $657,642

Program Expenses $31,725,783

Other Expenses $9,060,322

TOTAL EXPENSES $35,057,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,730,871	$24,677,724	+0.3%
Expenses	$35,057,648	$25,939,801	+0.4%
Net Income	$-3,326,777	$-1,262,077	+1.6%

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

493

Volunteers

550

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

$230,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG SPOELHOF	PRESIDENT (PART YEAR)	2.00	Officer Director	$0	$0	$0
MARY RENALDI	PRESIDENT	2.00	Officer Director	$0	$0	$0
MATT ADKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS BOL	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN PLOCKMEYER	TREASURER	2.00	Officer Director	$0	$0	$0
CHAD STEENWYK	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSE CABRERA	BOARD MEMBER	2.00	Director	$0	$0	$0
KEELY LEHR	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK WINDEMULLER	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLISON DOZEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD SAWDON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID STEENWYK	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD PIERCE	BOARD MEMBER (PART YEAR)	2.00	Director	$0	$0	$0
ERIC FORSETH	HEAD OF SCHOOLS	45.00	Officer	$201,141	$29,544	$230,685
DAVID ZIMMER	DIRECTOR OF FINANCE (PART YEAR)	25.00	Officer	$0	$0	$0
LINDA KNAPPER	CHIEF FINANCIAL OFFICER	24.00	Officer	$0	$0	$0
LEANNE HALMA	DIRECTOR OF ADVANCEMENT	40.00	Highest	$105,427	$30,873	$136,300
CHARLIE PIFFER	TECHNOLOGY SYSTEMS ADMINISTRATOR	40.00	Highest	$105,690	$11,137	$116,827

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	$31,730,871	$35,057,648	$51,626,776	$-3,326,777
2024	$24,677,724	$25,939,801	$46,724,198	$-1,262,077
2023	$24,805,560	$24,221,420	$47,276,166	$584,140
2022	$25,356,655	$21,688,745	$45,583,188	$3,667,910
2021	$18,896,825	$19,796,868	$43,540,378	$-900,043
2020	$19,889,803	$18,090,203	$43,443,606	$1,799,600
2019	$18,996,175	$18,548,991	$41,591,715	$447,184
2018	$16,681,482	$17,894,905	$41,490,963	$-1,213,423

HOLLAND CHRISTIAN EDUCATION SOCIETY