Byron Center, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Faith Hospice, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $29.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $26.6M left a modest 8% surplus.
In fulfilling God's calling to serve others, we will serve each hospice & palliative patient and those that care for them, whether residing in our facility or in their homes, (1) with love and compassion, (2) with a commitment to excellence and (3) to follow Christ's teachings and example in all we do.
Provision of hospice services throughout the Western Michigan community to more than 2,000 patients, most of whom were Medicare or Medicaid recipients. The organization provides benevolence where...
Provision of hospice services throughout the Western Michigan community to more than 2,000 patients, most of whom were Medicare or Medicaid recipients. The organization provides benevolence where needed, for patients who do not qualify for Medicare or Medicaid and cannot afford the full cost of the services provided.
Provision of hospice services in a 20 bed hospice facility (Trillium Woods). Services were provided in the 20 bed hospice facility at uncompensated discount of $879,777, of which amounts were...
Provision of hospice services in a 20 bed hospice facility (Trillium Woods). Services were provided in the 20 bed hospice facility at uncompensated discount of $879,777, of which amounts were received via public donations to cover a portion of the uncompensated discount.
Provision of palliative care services through physician/nurse practitioner teams and home health teams, available 24/7 to focus on physical, emotional and psychological needs of the patient and their...
Provision of palliative care services through physician/nurse practitioner teams and home health teams, available 24/7 to focus on physical, emotional and psychological needs of the patient and their family. Palliative care services were provided at an uncompensated loss of $437,478.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $28,992,276 | $26,825,360 | +0.1% |
| Expenses | $26,606,189 | $24,663,767 | +0.1% |
| Net Income | $2,386,087 | $2,161,593 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Troy Vugteveen | President/CEO, Director | 0 |
Director
|
$0 | $0 | $417,475 |
| Michael Dozeman | Physician | 50 |
Highest
|
$294,105 | $0 | $294,105 |
| David Tiesenga | Chief Strategy Officer | 0 |
Officer
|
$0 | $31,282 | $292,150 |
| Therese Rouse | Physician | 50 |
Highest
|
$280,470 | $0 | $280,470 |
| Adam Kinder | Chief Financial Officer | 0 |
Officer
|
$0 | $0 | $254,148 |
| Erin Young | Physician | 50 |
Highest
|
$213,801 | $0 | $213,801 |
| Donna Boyer | RN, Case Manager | 50 |
Highest
|
$173,165 | $7,174 | $180,339 |
| Andrea Lim | RN, Case Manager | 50 |
Highest
|
$138,604 | $0 | $138,604 |
| Kimberly Holton | Executive Director | 50 |
Key Emp
|
$121,656 | $319 | $121,975 |
| Paul Farr | Director | 0 |
Director
|
$0 | $0 | $0 |
| Mark Johnson | Director | 0 |
Director
|
$0 | $0 | $0 |
| David Knibbe | Director | 0 |
Director
|
$0 | $0 | $0 |
| Gary Malburg | Treasurer, Director | 0 |
Officer
Director
|
$0 | $0 | $0 |
| Jean Nagelkerk | Director | 0 |
Director
|
$0 | $0 | $0 |
| Nelson Sanchez | Vice Chair, Secretary, Director | 0 |
Officer
Director
|
$0 | $0 | $0 |
| Gilbert Segovia | Director | 0 |
Director
|
$0 | $0 | $0 |
| David Smith | Director | 0 |
Director
|
$0 | $0 | $0 |
| Nick Thole | Director | 0 |
Director
|
$0 | $0 | $0 |
| Mary Ursul | Chairperson, Director | 0 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Vogel-Vanderson | Director | 0 |
Director
|
$0 | $0 | $0 |
| Sam Watson | Director | 0 |
Director
|
$0 | $0 | $0 |
| Carlos Hidalgo | Director | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $28,992,276 | $26,606,189 | $29,263,550 | $2,386,087 |
| 2023 | $26,825,360 | $24,663,767 | $26,391,050 | $2,161,593 |
| 2022 | $26,310,806 | $24,574,851 | $23,779,047 | $1,735,955 |
| 2021 | $26,751,222 | $22,680,348 | $22,316,906 | $4,070,874 |
| 2020 | $24,960,970 | $21,830,377 | $19,085,764 | $3,130,593 |
| 2019 | $24,202,855 | $21,001,654 | $16,329,744 | $3,201,201 |
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