WILLIAM VANOVERLOOP CHARITABLE REM… - Form 990 Financial Data

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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

1984

Legal Domicile

Phone

8004000439

Tax Period

2024-03-01 to 2025-02-28

WILLIAM VANOVERLOOP CHARITABLE REMAINDER, founded in 1984, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $39K left a modest 8% surplus.

Mission

DISTRIBUTIONS ARE PAID TO THE NAMED CHARITIES PER TERMS OF THE GOVERNING DOCUMENT TO HELP DEFRAY EXPENSES OF THE CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $15,497

TO PROVIDE OPERATING FUNDS FOR CENTRAL REFORMED CHURCH. FUNDS ARE TO BE USED EXCLUSIVELY FOR NEW PEW CUSHIONS, BROADCASTING, OR TELEVISING THE MORNING SERVICE, AND FOR THE GENERAL ADVERTISING BUDGET...

Program 2

Expenses: $15,497

TO PROVIDE SUPPORT FOR THE HOPE COLLEGE CHAPEL CHOIR.

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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 $0

Program Service Revenue $0

Investment Income $42,347

Other Revenue $0

TOTAL REVENUE $42,347

Expense Breakdown

Grants Paid $28,180

Salaries & Benefits $8,965

Fundraising Expenses $0

Program Expenses $30,994

Other Expenses $1,675

TOTAL EXPENSES $38,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,347	$156,801	-0.7%
Expenses	$38,820	$37,965	+0.0%
Net Income	$3,527	$118,836	-1.0%

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

N/A

Employees

N/A

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
FIFTH THIRD BANK N A	TRUSTEE	1.0		$8,965	$0	$8,965

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
2026	No data	No data	No data	No data
2025	$42,347	$38,820	$576,756	$3,527
2024	$156,801	$37,965	$573,237	$118,836
2023	$17,606	$42,723	$454,398	$-25,117
2022	$50,651	$37,341	$479,514	$13,310
2021	$11,578	$47,138	$466,204	$-35,560
2020	$26,210	$38,010	$501,765	$-11,800
2019	$25,523	$39,340	$513,564	$-13,817

WILLIAM VANOVERLOOP CHARITABLE REMAINDER