ADVENT HOUSE MINISTRIES INC (EIN 382746052) - 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

1987

Legal Domicile

Principal Officer

MICHELE L HALLORAN

Phone

5174854722

Tax Period

2023-01-01 to 2023-12-31

ADVENT HOUSE MINISTRIES INC, founded in 1987, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A MINISTRY IN THE FORM OF SERVICES TO THE POOR AND DISADVANTAGED PEOPLE IN LANSING.

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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 $3,481,347

Program Service Revenue $0

Investment Income $390

Other Revenue $1,497

TOTAL REVENUE $3,483,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,825,484

Fundraising Expenses $1,493

Program Expenses $3,301,616

Other Expenses $1,708,936

TOTAL EXPENSES $3,534,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,483,234	$12,565,341	-0.7%
Expenses	$3,534,420	$12,599,616	-0.7%
Net Income	$-51,186	$-34,275	+0.5%

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

Volunteers

350

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

$121,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN CANCRO	EXECUTIVE DIRECTOR	40.00	Officer	$121,433	$0	$121,433
CINDY MAJESKE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN HEARNS	DIRECTOR (ENDED 03/2023)	5.00	Director	$0	$0	$0
TIM HODGMAN	DIRECTOR (ENDED 01/2023)	5.00	Director	$0	$0	$0
LAVERNE MICKEL	DIRECTOR	5.00	Director	$0	$0	$0
JULIA GOATLEY	DIRECTOR	5.00	Director	$0	$0	$0
LISA FARLEY	DIRECTOR (ENDED 01/2023)	5.00	Director	$0	$0	$0
RON HOLLEY	DIRECTOR (ENDED 01/2023)	5.00	Director	$0	$0	$0
ROBBIA PIPPER	DIRECTOR	5.00	Director	$0	$0	$0
MARY LOU KEENON	DIRECTOR	5.00	Director	$0	$0	$0
CHELSEA SHABERG	DIRECTOR	5.00	Director	$0	$0	$0
KELLY SCHULTZ	DIRECTOR	5.00	Director	$0	$0	$0
DEBBIE HORAK	PRESIDENT (ENDED 02/2023)	5.00	Officer Director	$0	$0	$0
KENDRA SCORSONE	TREASURER/SECRETARY (ENDED 3/23)	5.00	Officer Director	$0	$0	$0
ERIC SCORSONE	TREASURER/SECRETARY	5.00	Officer Director	$0	$0	$0
CHARLES W GIVEN	VICE PRESIDENT/PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHELE HALLORAN	DIRECTOR/PRESIDENT	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$3,483,234	$3,534,420	$705,258	$-51,186
2022	$12,565,341	$12,599,616	$1,228,697	$-34,275
2021	$17,350,571	$17,317,668	$1,296,917	$32,903
2020	$2,061,248	$1,960,163	$428,409	$101,085
2019	$963,072	$930,411	$244,346	$32,661
2018	$860,218	$890,274	$233,027	$-30,056
2017	$1,176,951	$1,082,067	$296,668	$94,884

ADVENT HOUSE MINISTRIES INC