ZEELAND NON-PROFIT SR HOUSING CORP (EIN 382363592) - 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

1981

Legal Domicile

Principal Officer

DONALD KOMEJAN

Phone

6169401060

Tax Period

2024-06-01 to 2025-05-31

ZEELAND NON-PROFIT SR HOUSING CORP, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $558K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $885K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PROVIDE HIGH-QUALITY AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY PERSONS IN THE ZEELAND, MICHIGAN AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $324,230

Program Service Revenue $220,879

Investment Income $5,136

Other Revenue $7,734

TOTAL REVENUE $557,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,058

Fundraising Expenses $0

Program Expenses $737,750

Other Expenses $757,310

TOTAL EXPENSES $885,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,979	$396,848	+0.4%
Expenses	$885,368	$467,299	+0.9%
Net Income	$-327,389	$-70,451	+3.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD KOMEJAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARTHA VANHOUZEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JILL SCHUTTE	TREASURER	2.00	Officer Director	$0	$0	$0
SUZANNE VISSER	SECRETARY	2.00	Officer Director	$0	$0	$0
KERRI ARENDSEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GEERLINGS	DIRECTOR	1.00	Director	$0	$0	$0
RON LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ZYLSTRA	DIRECTOR	1.00	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	$557,979	$885,368	$4,357,812	$-327,389
2024	$396,848	$467,299	$1,789,393	$-70,451
2023	$391,088	$430,756	$1,869,034	$-39,668
2022	$378,947	$426,009	$1,946,087	$-47,062
2021	$376,359	$436,200	$2,052,694	$-59,841
2020	$361,062	$404,650	$2,119,628	$-43,588

ZEELAND NON-PROFIT SR HOUSING CORP