KALAMAZOO AREA CHRISTIAN RETIR ASSO (EIN 382437167) - 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

1983

Legal Domicile

Principal Officer

DAVE BOS

Phone

2693721928

Tax Period

2023-01-01 to 2023-12-31

KALAMAZOO AREA CHRISTIAN RETIR ASSO, founded in 1983, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

TO OPPERATE AND MANAGE ACCORDING TO LAW AND APPLICABLE REGULATIONS, A CERTIFIED HOME FOR THE AGED FOR QUALIFIED RESIDENTS OF KALAMAZOO COUNTY AND IT'S SURROUNDING COUNTIES

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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 $467,991

Program Service Revenue $5,797,217

Investment Income $22,731

Other Revenue $-165,606

TOTAL REVENUE $6,122,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,089,253

Fundraising Expenses $0

Program Expenses $5,342,067

Other Expenses $2,586,235

TOTAL EXPENSES $6,675,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,122,333	$7,009,615	-0.1%
Expenses	$6,675,488	$6,969,656	0.0%
Net Income	$-553,155	$39,959	-14.8%

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

175

Volunteers

305

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

$150,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BOS	CEO	40.00	Officer	$142,703	$7,437	$150,140
STEPHEN BASHAW	TRUSTEE	1.00	Director	$0	$0	$0
BRYON BOLEY	TRUSTEE	1.00	Director	$0	$0	$0
JEFF DENOOYER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK JEVERT	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE PRUIS	TRUSTEE	1.00	Director	$0	$0	$0
DEREK ROWE	TRUSTEE	1.00	Director	$0	$0	$0
MARIANNE VOETBERG	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JERRY WHITAKER	TRUSTEE	1.00	Director	$0	$0	$0
SHAUN WILLIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF WILLSON	TRUSTEE	1.00	Director	$0	$0	$0
MARK SMITH	NEW FINANCE	1.00	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
2024	No data	No data	No data	No data
2023	$6,122,333	$6,675,488	$8,553,389	$-553,155
2022	$7,009,615	$6,969,656	$9,573,704	$39,959
2021	$7,940,278	$7,195,069	$9,894,704	$745,209
2020	$7,723,078	$7,663,325	$10,444,878	$59,753
2019	$8,397,522	$8,163,920	$10,008,824	$233,602
2018	$8,367,506	$8,218,199	$9,577,551	$149,307

KALAMAZOO AREA CHRISTIAN RETIR ASSO