LIFE CENTER FOR SPIRITUAL GROWTH

EIN: 382325460 501(c)(3) Human Services

GRAND RAPIDS, MI

Total Revenue
$242,557
Total Expenses
$242,921
Total Assets
$116,581
Net Assets
$102,316
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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
1980
Legal Domicile
MI
Tax Period
2023-07-01 to 2024-06-30

LIFE CENTER FOR SPIRITUAL GROWTH, founded in 1980, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $118,735
Program Service Revenue $122,771
Investment Income $11
Other Revenue $1,040
TOTAL REVENUE $242,557

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,226
Fundraising Expenses $0
Program Expenses $242,921
Other Expenses $115,695
TOTAL EXPENSES $242,921

Year-over-Year Comparison

2023 2022 Change
Revenue $242,557 $243,534 0.0%
Expenses $242,921 $191,991 +0.3%
Net Income $-364 $51,543 -1.0%
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
5
Independent Members
5
Employees
13
Volunteers
15

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
$50,954
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA SLABBEKOORN EXECUTIVE DIRCTOR 30.00
Officer
$50,954 $0 $50,954
TERRY WALKER SECRETARY 3.00
Officer
$0 $0 $0
BRIAN BRINKHERT TREASURER 3.00
Officer
$0 $0 $0
JOHN LUDWIG PRESIDENT 3.00
Officer
$0 $0 $0
JOHN REMINK VICE PRESIDENT 3.00
Officer
$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 No data No data No data No data
2024 $242,557 $242,921 $116,581 $-364
2023 $243,534 $191,991 $106,142 $51,543
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