NOORTHOEK ACADEMY (EIN 382848509) - 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

1989

Legal Domicile

Principal Officer

CINDY ZIMDAR

Phone

6162344123

Tax Period

2023-07-01 to 2024-06-30

NOORTHOEK ACADEMY, founded in 1989, is a small nonprofit in the Education sector that reported $168K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $319K exceeded revenue, resulting in a 90% operating deficit.

Mission

FOUNDED IN PARTNERSHIP WITH GRAND RAPIDS COMMUNITY COLLEGE, NOORTHOEK ACADEMY IS DEDICATED TO PROVIDING A CONTINUING EDUCATION PROGRAM IN THE ARTS AND SCIENCES FOR STUDENTS WITH LEARNING CHALLENGES WHO WANT TO PURSUE THEIR EDUCATION IN A COLLEGE SETTING AFTER HIGH SCHOOL. THE GRAND RAPIDS COMMUNITY COLLEGE ALLOWS NOORTHOEK TO USE ITS CLASSROOMS, BIOLOGY LAB, GREEN ROOF, AND LIBRARY WITHOUT CHARGE.

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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 $124,591

Program Service Revenue $43,523

Investment Income $590

Other Revenue $-507

TOTAL REVENUE $168,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,566

Fundraising Expenses $11,914

Program Expenses $57,520

Other Expenses $200,541

TOTAL EXPENSES $319,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,197	$134,259	+0.3%
Expenses	$319,107	$137,427	+1.3%
Net Income	$-150,910	$-3,168	+46.6%

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

$104,042

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY ZIMDAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE MARCY	TREASURER	1.00	Officer Director	$0	$0	$0
TINA HOXIE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY FRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA SMALLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN VER MERRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM NORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE BUTTERFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIA MWAKANANDI VANDERVEER	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER SNEIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY SCHIPPERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH CROUCH	BOARD MEMBER - EMERITUS	1.00	Director	$0	$0	$0
SAM SORENSON	STUDENT REP	1.00	Director	$0	$0	$0
LYN VANTOL	EXECUTIVE DIRECTOR	22.00	Officer	$52,352	$0	$52,352
SANDRA BARRAZA	EDUCATION DIRECTOR	22.00	Officer	$51,690	$0	$51,690

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	No data	No data	No data	No data
2024	$168,197	$319,107	$732,056	$-150,910
2023	$134,259	$137,427	$622,084	$-3,168
2022	$144,641	$123,628	$604,921	$21,013
2021	$300,839	$274,938	$645,260	$25,901
2020	$270,683	$306,305	$497,909	$-35,622
2019	$276,944	$280,752	$554,333	$-3,808

NOORTHOEK ACADEMY