SELF HELP ALTERNATIVE LIVING OPPORTUNITIES OF MI (EIN 382967006) - 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

Principal Officer

BARB PATTERSON

Phone

2693823840

Tax Period

2024-01-01 to 2024-12-31

SELF HELP ALTERNATIVE LIVING OPPORTUNITIES OF MI is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 257% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 76% operating margin.

Mission

SHALOM PROVIDES RESIDENTIAL, FAMILY HOMES TO ADULTS WITH DEVELOPMENTAL DISABILITIES AND THEIR LOVING CARE-PROVIDER FAMILIES. THROUGH THE LOVE AND WHOLENESS OF JESUS CHRIST, WE PROVIDE TRAVEL, WORSHIP, CAMPS, RECREATION. SOCIAL AND WORK OPPORTUNITIES THAT ENRICH THE LIVES OF ALMOST 40 RESIDENTS AND DOZENS FROM 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 $2,374,323

Program Service Revenue $398,870

Investment Income $15,890

Other Revenue $104,682

TOTAL REVENUE $2,893,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,771

Fundraising Expenses $18,623

Program Expenses $606,670

Other Expenses $345,740

TOTAL EXPENSES $699,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,893,765	$809,466	+2.6%
Expenses	$699,511	$584,418	+0.2%
Net Income	$2,194,254	$225,048	+8.8%

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

Governance

Voting Members

Independent Members

Employees

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

$30,880

Total Directors

$30,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LOHMAN	PRESIDENT	2.00	Officer Director	$20,787	$0	$20,787
BARB PATTERSON	TREASURER	2.00	Officer Director	$10,093	$0	$10,093
MICHELLE BAIRD	CLERK	30.00	Officer Director	$0	$0	$0
ROBIN IPEMA	DIRECTOR	1.00	Director	$0	$0	$0
GARY STEENSMA	DIRECTOR	1.00	Director	$0	$0	$0
GARRY WALTON	DIRECTOR	1.00	Director	$0	$0	$0
LAYLA JABBOORI	DIRECTOR	1.00	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	$2,893,765	$699,511	$4,107,295	$2,194,254
2023	$809,466	$584,418	$1,899,034	$225,048
2022	$558,224	$492,415	$1,678,860	$65,809
2021	$497,313	$437,435	$1,611,836	$59,878
2020	$491,408	$342,429	$1,545,252	$148,979
2019	$725,816	$343,503	$1,395,614	$382,313
2018	$353,044	$311,249	$1,013,967	$41,795

SELF HELP ALTERNATIVE LIVING OPPORTUNITIES OF MI