NOVA VIDA INC

EIN: 382783238 501(c)(3)

Charlotte, MI

Total Revenue
$1,016,868
Total Expenses
$998,210
Total Assets
$99,582
Net Assets
$10,827
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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
MI
Tax Period
2023-10-01 to 2024-09-30

NOVA VIDA INC, founded in 1987, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023.

Mission

PROVIDE ADULT FOSTER CARE FOR MENTALLY HANDICAPPED INDIVIDUALS.

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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 $897,231
Program Service Revenue $119,637
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,016,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $750,501
Fundraising Expenses $0
Program Expenses $937,110
Other Expenses $247,709
TOTAL EXPENSES $998,210

Year-over-Year Comparison

2023 2022 Change
Revenue $1,016,868 $1,021,632 0.0%
Expenses $998,210 $1,014,848 0.0%
Net Income $18,658 $6,784 +1.8%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
20
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
1
$73,857
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY C GROSS PRESIDENT 100.00
Officer
$73,857 $0 $73,857
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 $1,016,868 $998,210 $99,582 $18,658
2023 $1,021,632 $1,014,848 $77,830 $6,784
2022 $932,176 $970,243 $93,477 $-38,067
2021 $926,830 $824,274 $181,760 $102,556
2020 $803,887 $907,541 $162,659 $-103,654
2019 $758,919 $755,116 $163,334 $3,803
2018 $659,667 $603,145 $109,467 $56,522
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