THE NEHEMIAH PROJECT (EIN 383026718) - 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

LESLIE MELCHING

Phone

2313470363

Tax Period

2023-01-01 to 2023-12-31

THE NEHEMIAH PROJECT, founded in 1987, is a small nonprofit in the Human Services sector that reported $506K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $430K left a modest 15% surplus.

Mission

THE NEHEMIAH PROJECT (THE "ORGANIZATION") HAS BEEN PROVIDING SAFE, TEMPORARY HOUSING FOR MEN, WOMEN AND CHILDREN EXPERIENCING HOMELESSNESS IN NORTHERN MICHIGAN SINCE 1987. AS A FAITH-BASED NON-PROFIT (501(C)3 CORPORATION, THE ORGANIZATION BELIEVES THAT ADDRESSING THE ROOT CAUSES OF HOMELESSNESS INVOLVES PROVIDING MORE THAN JUST A ROOF. THEY STRIVE TO ADDRESS THE DEEPER SPIRITUAL, EMOTIONAL, MENTAL, AND PHYSICAL ISSUES THAT LEAD TO HOMELESSNESS.

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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 $492,648

Program Service Revenue $0

Investment Income $13,155

Other Revenue $345

TOTAL REVENUE $506,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,947

Fundraising Expenses $47,198

Program Expenses $334,712

Other Expenses $291,291

TOTAL EXPENSES $430,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,148	$240,796	+1.1%
Expenses	$430,238	$245,131	+0.8%
Net Income	$75,910	$-4,335	-18.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE MELCHING	PRESIDENT	24.00	Officer Director	$0	$0	$0
JEFF PETERS	SECRETARY	1.00	Officer Director	$0	$0	$0
BECKY NOHEL	TREASURER	3.00	Officer Director	$0	$0	$0
CAROLE GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JEREMY WILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE EATON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BOOR	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM BUITENDORP	FORMER PRESI	24.00	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	$506,148	$430,238	$1,259,622	$75,910
2022	$240,796	$245,131	$1,127,663	$-4,335
2021	$660,455	$199,766	$1,238,578	$460,689
2020	$223,272	$190,284	$818,536	$32,988
2019	$210,101	$176,615	$775,134	$33,486
2018	$210,585	$160,927	$735,871	$49,658

THE NEHEMIAH PROJECT