Keys for Kids Ministries Inc

EIN: 381675000 501(c)(3) Religion

Grand Rapids, MI

Total Revenue
$2,133,699
Total Expenses
$2,024,105
Total Assets
$1,742,045
Net Assets
$1,577,531
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
MI
Principal Officer
Greg Yoder
Phone
6166474500
Tax Period
2024-10-01 to 2025-09-30

Keys for Kids Ministries Inc, founded in 1942, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 5% surplus.

Mission

Keys for Kids exists to ignite a passion for Christ in kids, teens and families worldwide. Our desire is to see every kid, teen and family have an opportunity to respond to the liberating power of the Gospel.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,924,205
Program Service Revenue $16,756
Investment Income $6,563
Other Revenue $186,175
TOTAL REVENUE $2,133,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $974,508
Fundraising Expenses $297,892
Program Expenses $1,225,407
Other Expenses $1,026,840
TOTAL EXPENSES $2,024,105

Year-over-Year Comparison

2024 2023 Change
Revenue $2,133,699 $1,570,723 +0.4%
Expenses $2,024,105 $1,961,579 +0.0%
Net Income $109,594 $-390,856 -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

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Governance

Voting Members
7
Independent Members
7
Employees
28
Volunteers
10

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
5
$105,793
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Yoder President 40.00
Officer
$92,290 $13,503 $105,793
Ethen Parcher Member 1.00
Director
$0 $0 $0
Ryan Kidd Member 1.00
Director
$0 $0 $0
Jamie Botsko Member 1.00
Director
$0 $0 $0
Scott VanderVeen Vice Chair 2.00
Officer Director
$0 $0 $0
Duane Culver Board Chairman 2.00
Officer Director
$0 $0 $0
Lee Hageman Secretary 2.00
Officer Director
$0 $0 $0
Joe Moss Treasurer 2.00
Officer 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
2025 $2,133,699 $2,024,105 $1,742,045 $109,594
2024 $1,570,723 $1,961,579 $1,584,975 $-390,856
2023 $2,600,258 $2,089,022 $1,949,804 $511,236
2022 $1,799,549 $1,685,792 $1,443,130 $113,757
2021 $1,913,299 $1,463,324 $1,303,088 $449,975
2020 $1,226,343 $1,368,760 $994,544 $-142,417
2020 $1,199,984 $1,376,091 $961,108 $-176,107
2019 $1,453,028 $1,355,946 $1,078,533 $97,082
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