GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PORTER HILLS FOUNDATION, founded in 1995, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2020. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 56% operating margin.
RAISE, INVEST, AND MONITOR THE FUNDS THAT SUPPORT PORTER HILLS RETIREMENT COMMUNITIES AND SERVICES.
THE PORTER HILLS FOUNDATION WAS OFFICIALLY ESTABLISHED IN 1995 AS THE FUNDRAISING ARM FOR PORTER HILLS PRESBYTERIAN VILLAGE, INC., WITH HEADQUARTERS IN GRAND RAPIDS, MICHIGAN. THIS YEAR, THE PORTER...
THE PORTER HILLS FOUNDATION WAS OFFICIALLY ESTABLISHED IN 1995 AS THE FUNDRAISING ARM FOR PORTER HILLS PRESBYTERIAN VILLAGE, INC., WITH HEADQUARTERS IN GRAND RAPIDS, MICHIGAN. THIS YEAR, THE PORTER HILLS FOUNDATION CELEBRATES ITS 27TH ANNIVERSARY AS A SEPARATE 501(C)(3) NONPROFIT ORGANIZATION. ITS MISSION IS TO RAISE, INVEST, AND MONITOR THE FUNDS THAT SUPPORT PORTER HILLS IN PROVIDING A CONTINUUM OF HIGH-QUALITY COMMUNITIES AND SERVICES. AS AN ORGANIZATION FOUNDED ON FAITH, BENEVOLENT CARE IS THE CORNERSTONE OF THE PORTER HILLS FOUNDATION, SUPPORTING CARE FOR QUALIFIED PORTER HILLS RESIDENTS WHO HAVE EXHAUSTED THEIR RESOURCES. THE POPULATION OF OLDER ADULTS OVER AGE 65 IS EXPECTED TO DOUBLE IN THE NEXT DECADE, AND TRIPLE FOR THOSE 85 AND OLDER. MICHIGAN IS CURRENTLY THE FASTEST AGING STATE IN THE U.S. PORTER HILLS FOUNDATION, SERVING SIDE-BY-SIDE WITH PORTER HILLS, IS DEDICATED TO ELEVATING PHILANTHROPY THAT EMBRACES THE CARE NEEDS AND WISHES OF THIS DRAMATICALLY GROWING SECTOR. THE PORTER HILLS FOUNDATION REMAINS STEADFAST IN ITS COMMITMENT TO SUPPORT THE MISSION OF PORTER HILLS AS TRUSTED EXPERTS SERVING SENIORS WITH GRACE. WITH A FOCUS ON THE HEALTH AND WELL-BEING OF OLDER ADULTS, AND EDUCATION AND RETENTION OF OUR OUTSTANDING STAFF TEAM MEMBERS, THE PORTER HILLS FOUNDATION HAS DETERMINED THESE FOUR PRIORITY FUNDRAISING INITIATIVES:1. BENEVOLENT CARE, ENSURING THAT ELIGIBLE RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES ALWAYS HAVE A LOVING HOME AT PORTER HILLS.2. EMPLOYEE SUPPORT SERVICES, OFFERING STAFF SCHOLARSHIPS AND EMERGENCY AID TO SUPPORT OUR OUTSTANDING PORTER HILLS TEAM MEMBERS IN REACHING THEIR CAREER AND EDUCATIONAL GOALS, OR TO LEND A HELPING HAND TO THOSE WHO EXPERIENCE AN EMERGENCY CAUSING FINANCIAL HARDSHIP. PRIORITY FOR SCHOLARSHIPS IS GIVEN TO OUR DIRECT CARE TEAM MEMBERS AND THOSE WITH FINANCIAL NEED. 3. CAPITAL IMPROVEMENTS, TRANSFORMING EXISTING BUILDINGS AND CONSTRUCTING NEW ONES THAT PROVIDE THE UTMOST IN PERSONAL COMFORT AND AMENITIES FOR MICHIGAN'S GROWING POPULATION OF OLDER ADULTS. 4. LIFE ENRICHMENT FOR OLDER ADULTS, HELPING THE OLDER ADULTS WE SERVE AT PORTER HILLS FIND THEIR PURPOSE, FOLLOW THEIR PASSIONS, AND LIVE LIFE TO THE FULLEST.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $3,057,025 | $1,390,135 | +1.2% |
| Expenses | $1,331,239 | $1,195,963 | +0.1% |
| Net Income | $1,725,786 | $194,172 | +7.9% |
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 |
|---|---|---|---|---|---|---|
| STEVE FETYKO | DIRECTOR/ UMRC CEO | 2.00 |
Officer
Director
|
$0 | $30,182 | $513,703 |
| KIM HOPPE | TREASURER/ UMRC CFO | 2.00 |
Officer
Director
|
$0 | $28,906 | $311,021 |
| WENDY BRIGHTMAN | PRESIDENT | 25.00 |
Officer
Director
|
$0 | $25,378 | $308,412 |
| JAMES E PRESTON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACQUELINE TAYLOR | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAY WISENTANER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE A BARNHART | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER L EDGAR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| G JOHN HAGENBUSH | BOARD MEMBER - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA A HAVARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AREND D LUBBERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID RAGUSE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD D RATHBURN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY O SCHAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM SMALL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH A STOJAK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CALVIN J VERDUIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY WAGNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE GRANT | BOARD MEMBER - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| WENDY STOCK | BOARD MEMBER - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| DONALD E KELLEY | BOARD MEMBER - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOANNA HOGAN | VP OF PHILANTHROPY | 50.00 |
Highest
|
$156,959 | $5,718 | $162,677 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $3,057,025 | $1,331,239 | No data | $1,725,786 |
| 2020 | $1,390,135 | $1,195,963 | $14,069,370 | $194,172 |
| 2019 | $984,293 | $607,438 | $13,956,427 | $376,855 |
| 2018 | $1,434,069 | $1,283,821 | $13,533,256 | $150,248 |
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