Muskegon Christian School (EIN 381515402) - 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

1956

Legal Domicile

Principal Officer

Nate Schout

Phone

2317733221

Tax Period

2024-09-01 to 2025-08-31

Muskegon Christian School, founded in 1956, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.9M, a strong 44% operating margin.

Mission

Provide Christian based education

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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 $2,364,578

Program Service Revenue $1,864,565

Investment Income $47,427

Other Revenue $1,890

TOTAL REVENUE $4,278,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,710,072

Fundraising Expenses $6,291

Program Expenses $2,162,365

Other Expenses $696,290

TOTAL EXPENSES $2,406,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,278,460	$4,333,149	0.0%
Expenses	$2,406,362	$3,069,889	-0.2%
Net Income	$1,872,098	$1,263,260	+0.5%

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

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

$90,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Byron Varnado	President	1.00	Officer Director	$0	$0	$0
Bob Cavanaugh	Treasurer	1.00	Officer Director	$0	$0	$0
Wendy VanWoerkom	Secretary	1.00	Officer Director	$0	$0	$0
Meisha Brown	Board Member	1.00	Director	$0	$0	$0
Kelly DuBois	Board Member	1.00	Director	$0	$0	$0
Mark Foreman	Board Member	1.00	Director	$0	$0	$0
Lisa Grossenbacher	Board Member	1.00	Director	$0	$0	$0
Marijean Smith	Board Member	1.00	Director	$0	$0	$0
JJ Westgate	Board Member	1.00	Director	$0	$0	$0
Nate Schout	Principal	40.00	Officer	$77,391	$13,051	$90,442

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	$4,278,460	$2,406,362	$7,841,364	$1,872,098
2024	$4,333,149	$3,069,889	$5,979,491	$1,263,260
2023	$4,841,709	$2,694,153	$5,682,472	$2,147,556
2022	$3,311,662	$1,661,064	$3,595,028	$1,650,598
2021	$1,758,771	$1,537,372	$1,852,032	$221,399
2020	$1,505,173	$1,459,882	$1,735,328	$45,291
2019	$1,446,159	$1,304,177	$2,437,294	$141,982

Muskegon Christian School