KALAMAZOO CHRISTIAN SCHOOL ASSOCIATION (EIN 381871520) - 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

1877

Legal Domicile

Principal Officer

MARC VERKAIK

Phone

2693812044

Tax Period

2023-09-01 to 2024-08-31

KALAMAZOO CHRISTIAN SCHOOL ASSOCIATION, founded in 1877, is a mid-sized nonprofit in the Education sector that reported $12.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 16% operating margin.

Mission

THE KALAMAZOO CHRISTIAN SCHOOLS, IN PARTNERSHIP WITH CHRISTIAN FAMILIES AND CHURCHES, PREPARE STUDENTS TO SERVE GOD RESPONSIBLY IN HIS WORLD BY EQUIPPING THEM WITH KNOWLEDGE, SKILLS, AND A BIBLICAL VISION FOR LIFE, FOR THE ADVANCEMENT OF HIS KINGDOM.

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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 $3,449,676

Program Service Revenue $8,584,985

Investment Income $516,112

Other Revenue $364,908

TOTAL REVENUE $12,915,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,830,890

Fundraising Expenses $183,281

Program Expenses $7,108,335

Other Expenses $3,066,300

TOTAL EXPENSES $10,908,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,915,681	$10,041,460	+0.3%
Expenses	$10,908,682	$10,277,053	+0.1%
Net Income	$2,006,999	$-235,593	-9.5%

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

255

Volunteers

200

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

$140,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON STOB	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEIDI RAY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JEFF PENZOTTI	TREASURER	1.00	Officer Director	$0	$0	$0
TODD WELTON	SECRETARY	1.00	Officer Director	$0	$0	$0
IRMA KLOOSTER	ASSISTANT SE	1.00	Officer Director	$0	$0	$0
JOHN BARTELS	MEMBER AT-LA	1.00	Director	$0	$0	$0
CHRIS CHAMBERS	MEMBER	1.00	Director	$0	$0	$0
REBECCA D'ANGELO	MEMBER	1.00	Director	$0	$0	$0
KRAGE FOX	MEMBER	1.00	Director	$0	$0	$0
BEN LEONARD	MEMBER	1.00	Director	$0	$0	$0
LINDA MARING	MEMBER-AT-LA	1.00	Director	$0	$0	$0
TIM VANDERKOOY	MEMBER	1.00	Director	$0	$0	$0
MARC VERKAIK	LEAD ADMINIS	40.00	Officer	$119,810	$20,447	$140,257

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	$12,915,681	$10,908,682	$20,470,241	$2,006,999
2023	$10,041,460	$10,277,053	$18,129,822	$-235,593
2022	$12,128,711	$9,352,723	$19,698,055	$2,775,988
2021	$10,465,308	$7,723,041	$22,525,829	$2,742,267
2020	$8,743,355	$8,981,536	$15,863,636	$-238,181
2019	$9,344,010	$9,020,826	$16,402,413	$323,184
2018	$9,151,056	$8,530,445	$16,578,760	$620,611

KALAMAZOO CHRISTIAN SCHOOL ASSOCIATION