MEADOWLARK RETIREMENT VILLAGE

EIN: 383373281 501(c)(3) Human Services

Grand Rapids, MI

Total Revenue
$2,885,018
Total Expenses
$3,497,441
Total Assets
$5,791,169
Net Assets
$422,419
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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
1998
Legal Domicile
MI
Principal Officer
STEVE FETYKO
Phone
6169494975
Tax Period
2024-07-01 to 2025-06-30

MEADOWLARK RETIREMENT VILLAGE, founded in 1998, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,607
Program Service Revenue $2,862,694
Investment Income $717
Other Revenue $0
TOTAL REVENUE $2,885,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,745,157
Fundraising Expenses $0
Program Expenses $2,738,206
Other Expenses $1,752,284
TOTAL EXPENSES $3,497,441

Year-over-Year Comparison

2024 2023 Change
Revenue $2,885,018 $3,025,213 0.0%
Expenses $3,497,441 $3,490,059 +0.0%
Net Income $-612,423 $-464,846 +0.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
92
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
6
$1,195,263
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Fetyko President & CEO 1
Officer
$0 $34,324 $552,720
Nicole Maag Chief of Residential Service 2
Officer
$0 $30,880 $334,986
Kalen Carlson Chief Financial Officer 2
Officer
$0 $20,539 $307,557
Kim Hoppe Former Chief Financial Officer 1
$0 $133,462 $256,261
Bruce Lyon Executive Director - Cook Valley and Meadowlark 25
Highest
$69,742 $17,788 $157,272
Russ Ives Chair 1
Officer Director
$0 $0 $0
John Nixon Vice Chair 1
Officer Director
$0 $0 $0
Mike Fritz Treasurer/Secretary 1
Officer Director
$0 $0 $0
Colleen Dolan-Greene Director 1
Director
$0 $0 $0
Dick Lundy Director 1
Director
$0 $0 $0
Jackie Taylor Director 1
Director
$0 $0 $0
Mike Shore Director 1
Director
$0 $0 $0
Patrick Reid Director 1
Director
$0 $0 $0
Greg Tewksbury Director 1
Director
$0 $0 $0
Lou Berra Director 1
Director
$0 $0 $0
Nick Nahorski Director 1
Director
$0 $0 $0
Ben Miles Director 1
Director
$0 $0 $0
Natalie Brown Director 1
Director
$0 $0 $0
Jennifer Tyler Director 1
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
2025 $2,885,018 $3,497,441 $5,791,169 $-612,423
2024 $3,025,213 $3,490,059 $6,266,530 $-464,846
2023 $2,882,808 $3,375,824 $6,186,515 $-493,016
2022 $2,568,969 $3,239,981 $6,472,019 $-671,012
2021 $2,755,819 $2,973,849 $6,389,387 $-218,030
2020 $2,676,085 $2,563,946 $1,920,431 $112,139
2019 $2,432,187 $2,498,022 $2,016,485 $-65,835
2018 $2,285,729 $2,258,962 $2,175,176 $26,767
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