LIFE CHALLENGE OF SOUTHEASTERN MICHIGAN (EIN 381797940) - 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

1964

Legal Domicile

Principal Officer

REVEREND JEFFREY T BONZELAAR

Phone

3135310111

Tax Period

2023-01-01 to 2023-12-31

LIFE CHALLENGE OF SOUTHEASTERN MICHIGAN, founded in 1964, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

LIFE CHALLENGE OF SOUTHEASTERN MICHIGAN PROVIDES UP TO A ONE YEAR RESIDENTIAL CHRISTIAN GROWTH PROGRAM FOR MEN AND WOMEN WITH LIFE CONTROLLING PROBLEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,262,330

Program Service Revenue $197,871

Investment Income $-23,908

Other Revenue $51,934

TOTAL REVENUE $1,488,227

Expense Breakdown

Grants Paid $5,724

Salaries & Benefits $775,039

Fundraising Expenses $34,533

Program Expenses $1,230,913

Other Expenses $782,219

TOTAL EXPENSES $1,562,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,488,227	$1,438,361	+0.0%
Expenses	$1,562,982	$1,456,750	+0.1%
Net Income	$-74,755	$-18,389	+3.1%

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

$133,507

Total Directors

$133,507

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND JEFFREY T BONZELAAR	EXECUTIVE DI	50.00	Officer Director	$107,696	$25,811	$133,507
REVEREND STEVEN SWAGGERTY	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
LARUE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
REVEREND CALIXTO GARCIA	DIRECTOR	0.25	Director	$0	$0	$0
JIMMI HACKNEY	DIRECTOR	0.25	Director	$0	$0	$0
REVEREND JAMIE KJOS	DIRECTOR	0.25	Director	$0	$0	$0
CHAD CROMWELL	DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$1,488,227	$1,562,982	$1,514,695	$-74,755
2022	$1,438,361	$1,456,750	$1,523,560	$-18,389
2021	$1,865,861	$1,486,683	$1,642,496	$379,178
2020	$1,649,969	$1,511,810	$1,396,008	$138,159
2019	$1,481,927	$1,417,198	$1,100,292	$64,729
2018	$1,527,890	$1,548,921	$1,017,406	$-21,031

LIFE CHALLENGE OF SOUTHEASTERN MICHIGAN