RESTORERS INC (EIN 383413593) - 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

1998

Legal Domicile

Tax Period

2019-10-01 to 2020-09-30

RESTORERS INC, founded in 1998, is a micro nonprofit that reported $48K in total revenue in fiscal year 2019. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 58% operating deficit.

Mission

PROMOTE LONG TERM POSITIVE CHANGES FOR INDIVIDUALS AND FAMILIES IN THE MADISON HALL NEIGHBORHOOD OF GRAND RAPIDS SO THAT GREATER LEVELS QUALITY OF LIFE ARE EXPEREINCED BY RESIDENTS

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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 (2019)

Revenue Breakdown

Contributions & Grants $35,999

Program Service Revenue $0

Investment Income $11,543

Other Revenue $0

TOTAL REVENUE $47,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,072

Fundraising Expenses $0

Program Expenses $37,639

Other Expenses $52,206

TOTAL EXPENSES $75,278

Year-over-Year Comparison

	2019	2018	Change
Revenue	$47,542	$140,970	-0.7%
Expenses	$75,278	$127,715	-0.4%
Net Income	$-27,736	$13,255	-3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA ABEDI	BOARD MEMBER	3.00	Director	$0	$0	$0
NICOLE CHEEKS	BOARD MEMBER	10.00	Director	$0	$0	$0
ELIZABETH BASCOM	SECRETARY	5.00	Officer	$0	$0	$0
PATRICK DUFF	PRESIDENT	5.00	Officer	$0	$0	$0
THOMAS HOEKSEMA	TREASURER	5.00	Officer	$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
2020	$47,542	$75,278	No data	$-27,736
2019	$140,970	$127,715	$130,284	$13,255
2018	$209,434	$225,211	$135,435	$-15,777

RESTORERS INC