NORTHWEST MICHIGAN SUPPORTIVE HOUSING (EIN 382807457) - 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

REBECCA BINDER

Phone

2319291309

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST MICHIGAN SUPPORTIVE HOUSING, founded in 1987, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 12% surplus.

Mission

TO PROVIDE PERMANENT SUPPORTIVE HOUSING FOR THE HOMELESS AND MENTALLY ILL WITHIN THE COMMUNITY

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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 $486,532

Program Service Revenue $288,921

Investment Income $203

Other Revenue $382,246

TOTAL REVENUE $1,157,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,955

Fundraising Expenses $0

Program Expenses $817,335

Other Expenses $689,789

TOTAL EXPENSES $1,020,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,157,902	$935,440	+0.2%
Expenses	$1,020,744	$948,506	+0.1%
Net Income	$137,158	$-13,066	-11.5%

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

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

$69,351

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN STOUDT	DIRECTOR	1.00	Director	$0	$0	$0
BEN KNORR	SECRETARY	2.00	Officer Director	$0	$0	$0
BECKY OSBORNE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
BENSON MUNGER	TREASURER	3.00	Officer Director	$0	$0	$0
MIKE KRONK	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY KURAS	PRESIDENT	4.00	Officer Director	$0	$0	$0
ADAM BOELKINS	DIRECTOR	4.00	Director	$0	$0	$0
REBECCA BINDER	EXECUTIVE DIRECTOR	40.00	Officer	$67,253	$2,098	$69,351

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	$1,157,902	$1,020,744	$1,277,253	$137,158
2023	$935,440	$948,506	$1,164,084	$-13,066
2022	$905,561	$892,511	$1,205,953	$13,050
2021	$817,892	$821,992	$1,197,832	$-4,100
2020	$846,617	$828,811	$1,211,589	$17,806
2019	$716,559	$691,972	$1,212,895	$24,587
2018	$702,316	$724,656	$1,209,764	$-22,340

NORTHWEST MICHIGAN SUPPORTIVE HOUSING