JUBILEE MINISTRIES INC (EIN 383477214) - 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

1999

Legal Domicile

Principal Officer

STEVE GROSE

Phone

6163928191

Tax Period

2024-07-01 to 2025-06-30

JUBILEE MINISTRIES INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 71% operating margin.

Mission

STRENGTHENING NEIGHBORHOODS IN THE GREATER HOLLAND AREA THROUGH THE DEVELOPMENT OF ATTAINABLE HOUSING OPTIONS, THE STEWARDSHIP OF VITAL COMMUNITY ASSETS, AND COLLABORATION WITH KEY COMMUNITY PARTNERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,500,511

Program Service Revenue $258,998

Investment Income $0

Other Revenue $-252,403

TOTAL REVENUE $2,507,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,309

Fundraising Expenses $52,776

Program Expenses $554,999

Other Expenses $447,534

TOTAL EXPENSES $730,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,507,106	$1,118,353	+1.2%
Expenses	$730,843	$674,801	+0.1%
Net Income	$1,776,263	$443,552	+3.0%

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

$96,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICH BOILEAU	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSH FRANKEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHAD NIENHUIS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN ROBERTSON	TREASURER	2.00	Officer Director	$0	$0	$0
BEN DEVRIES	DIRECTOR	1.00	Director	$0	$0	$0
SUE SCHURMAN	DIRECTOR	1.00	Director	$0	$0	$0
JACK VANDER MEULEN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM ZUWERINK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GROSE	EXECUTIVE DIRECTOR	40.00	Officer	$93,978	$2,819	$96,797

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	$2,507,106	$730,843	$7,656,550	$1,776,263
2024	$1,118,353	$674,801	$6,074,073	$443,552
2023	$205,841	$682,310	$4,127,793	$-476,469
2022	$662,273	$614,800	$5,265,307	$47,473
2021	$554,940	$582,760	$5,047,779	$-27,820
2020	$493,479	$592,376	$4,622,075	$-98,897
2019	$416,266	$592,302	$4,114,905	$-176,036
2018	$339,162	$589,088	$4,320,023	$-249,926

JUBILEE MINISTRIES INC