SOCIETY FOR PROTESTANT REFORMED SECONDARY EDUCATION

EIN: 381858512 501(c)(3) Religion

GRAND RAPIDS, MI

Total Revenue
$13,208,905
Total Expenses
$4,380,103
Total Assets
$25,423,987
Net Assets
$25,311,998
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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
1968
Legal Domicile
MI
Principal Officer
ERIC DYKSTRA
Phone
6164535048
Tax Period
2024-07-01 to 2025-06-30

SOCIETY FOR PROTESTANT REFORMED SECONDARY EDUCATION, founded in 1968, is a mid-sized nonprofit in the Religion sector that reported $13.2M in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.8M, a strong 67% operating margin.

Mission

OPERATION OF A SECONDARY EDUCATIONAL INSTITUTION

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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 $9,971,608
Program Service Revenue $3,178,739
Investment Income $55,856
Other Revenue $2,702
TOTAL REVENUE $13,208,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,387,117
Fundraising Expenses $0
Program Expenses $3,798,207
Other Expenses $992,986
TOTAL EXPENSES $4,380,103

Year-over-Year Comparison

2024 2023 Change
Revenue $13,208,905 $5,482,568 +1.4%
Expenses $4,380,103 $4,145,263 +0.1%
Net Income $8,828,802 $1,337,305 +5.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
70
Volunteers
N/A

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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE BOUWKAMP PRESIDENT/TRUSTEE 2.00
Officer Director
$0 $0 $0
DAVE MOELKER VICE PRESIDENT/TRUSTEE 2.00
Officer Director
$0 $0 $0
DAVE MEULENBERG SECRETARY/TRUSTEE 2.00
Officer Director
$0 $0 $0
ERIC DYKSTRA TREASURER/TRUSTEE 2.00
Officer Director
$0 $0 $0
JOSH LUBBERS VICE SECRETARY / TRUSTEE 2.00
Officer Director
$0 $0 $0
MARC KUIPER VICE TREASURER / TRUSTEE 2.00
Officer Director
$0 $0 $0
ANDY BAAS TRUSTEE 2.00
Director
$0 $0 $0
ANDY BYLSMA TRUSTEE 2.00
Director
$0 $0 $0
KENT DEEMTER TRUSTEE 2.00
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 $13,208,905 $4,380,103 $25,423,987 $8,828,802
2024 $5,482,568 $4,145,263 $16,555,465 $1,337,305
2023 $4,948,365 $3,813,527 $15,211,213 $1,134,838
2022 $6,594,960 $3,250,955 $14,109,542 $3,344,005
2021 $4,409,091 $3,048,017 $10,717,609 $1,361,074
2020 $3,280,383 $3,026,366 $9,395,934 $254,017
2019 $3,109,444 $2,928,939 $9,105,047 $180,505
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