Grand Rapids, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PINE REST FOUNDATION, founded in 1960, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.3M, a strong 57% operating margin.
The Pine Rest Foundation is a Type 1 supporting organization established to financially support the work of Pine Rest Christian Mental Health Services. The mission of Pine Rest Christian Mental Health Services is to express the healing ministry of Jesus Christ by providing behavioral health care with professional excellence, Christian integrity and compassion. All charitable gifts and donations to Pine Rest flow through the Foundation.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,977,677 | $17,203,235 | -0.8% |
| Expenses | $1,712,315 | $1,001,152 | +0.7% |
| Net Income | $2,265,362 | $16,202,083 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mark Eastburg | Chief Executive Officer | 2 |
Officer
|
$0 | $0 | $694,133 |
| Paul Karsten | Chief Financial Officer | 2 |
Officer
|
$0 | $0 | $473,205 |
| Donald Mackenzie | Executive Director of the Foundation | 2 |
Key Emp
|
$0 | $0 | $196,415 |
| Mel Trombley | Secretary / Treasurer | 2 |
Director
|
$0 | $0 | $0 |
| Bryan Ridgeway | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Steve Alles | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Aaron Jonker | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Ray Lanning | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Peter Draaisma | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Jeff Steeby | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Ann Hansen | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Steve Ender | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Janis Petrini | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,977,677 | $1,712,315 | $49,373,351 | $2,265,362 |
| 2024 | No data | No data | No data | No data |
| 2023 | $7,785,315 | $2,354,945 | $29,837,154 | $5,430,370 |
| 2022 | $-4,373,823 | $1,685,170 | $24,439,511 | $-6,058,993 |
| 2021 | $5,644,545 | $1,294,856 | $30,510,372 | $4,349,689 |
| 2020 | $1,888,910 | $1,500,245 | $26,134,145 | $388,665 |
| 2019 | $3,411,736 | $2,268,241 | $25,739,974 | $1,143,495 |
| 2018 | $4,132,621 | $4,328,220 | $24,882,652 | $-195,599 |
Compare PINE REST FOUNDATION with other nonprofits in Michigan and across the country.