Holland Home Foundation

EIN: 382663466 501(c)(3) Human Services

Grand Rapids, MI

Total Revenue
$3,209,560
Total Expenses
$1,054,494
Total Assets
$34,009,788
Net Assets
$33,583,782
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Principal Officer
Troy Vugteveen
Phone
6162355015
Tax Period
2025-01-01 to 2025-12-31

Holland Home Foundation, founded in 1985, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.2M, a strong 67% operating margin.

Mission

To secure and administer funds and properties for the exclusive use and benefit of Holland Home.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,021,657
Program Service Revenue $0
Investment Income $1,108,938
Other Revenue $78,965
TOTAL REVENUE $3,209,560

Expense Breakdown

Grants Paid $800,000
Salaries & Benefits $0
Fundraising Expenses $254,494
Program Expenses $800,000
Other Expenses $254,494
TOTAL EXPENSES $1,054,494

Year-over-Year Comparison

2025 2024 Change
Revenue $3,209,560 $4,461,668 -0.3%
Expenses $1,054,494 $929,662 +0.1%
Net Income $2,155,066 $3,532,006 -0.4%
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
15
Independent Members
14
Employees
N/A
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
$1,095,504
Total Directors
15
$494,077
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Troy Vugteveen CEO & President 0
Officer Director
$0 $0 $494,077
David Tiesenga Chief Strategy Officer 0
Officer
$0 $31,180 $308,452
Adam Kinder Chief Financial Officer 0
Officer
$0 $0 $292,975
Carlos Hidalgo Director 0
Director
$0 $0 $0
Mark Johnson Vice Chair/Secretary 0
Officer Director
$0 $0 $0
David Knibbe Director 0
Director
$0 $0 $0
Gary Malburg Director/Treasurer 0
Officer Director
$0 $0 $0
Jean Nagelkerk Director 0
Director
$0 $0 $0
Nelson Sanchez Director/Chair 0
Officer Director
$0 $0 $0
Gilbert Segovia Director 0
Director
$0 $0 $0
David Smith Director 0
Director
$0 $0 $0
Nick Thole Director 0
Director
$0 $0 $0
Mary Ursul Director 0
Director
$0 $0 $0
Susan Vogel-Vanderson Director 0
Director
$0 $0 $0
Sam Watson Director 0
Director
$0 $0 $0
Scott DeMaagd Director 0
Director
$0 $0 $0
Marie VanderKooi Director 0
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 $3,209,560 $1,054,494 $34,009,788 $2,155,066
2024 $4,461,668 $929,662 $29,789,543 $3,532,006
2023 $2,381,897 $800,910 $25,211,261 $1,580,987
2022 $3,115,658 $624,402 $21,438,528 $2,491,256
2021 $2,909,526 $841,584 $24,924,695 $2,067,942
2020 $2,231,389 $788,788 $20,825,259 $1,442,601
2019 $1,507,578 $523,912 $17,317,224 $983,666
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