GRAND HAVEN HOMES INC (EIN 421107110) - 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

1978

Legal Domicile

Principal Officer

DAVE GRATTON

Phone

3193774611

Tax Period

2024-07-01 to 2025-06-30

GRAND HAVEN HOMES INC, founded in 1978, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $4.2M left a modest 5% surplus.

Mission

38-BED NURSING HOME PROVIDING HEALTH CARE SERVICES IN A CONSERVATIVE CHRISTIAN ENVIRONMENT

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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 $800

Program Service Revenue $4,320,709

Investment Income $55,389

Other Revenue $0

TOTAL REVENUE $4,376,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,450,285

Fundraising Expenses $0

Program Expenses $3,897,952

Other Expenses $1,708,541

TOTAL EXPENSES $4,158,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,376,898	$4,034,569	+0.1%
Expenses	$4,158,826	$3,982,112	+0.0%
Net Income	$218,072	$52,457	+3.2%

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
ROBERT RICHARDSON	ADMINISTRATOR	40.00		$86,217	$0	$86,217
DAVE GRATTON	President	1.00	Officer Director	$0	$0	$0
JON FITCH	Vice President	1.00	Officer Director	$0	$0	$0
ANDREW LUKENSMEYER	Secretary	1.00	Officer Director	$0	$0	$0
CAMERON MCCALLEY	Treasurer	1.00	Officer Director	$0	$0	$0
BRUCE UHLENHOPP	Director	1.00	Director	$0	$0	$0
CAL ERICKSON	Director	1.00	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	$4,376,898	$4,158,826	$3,318,836	$218,072
2024	$4,034,569	$3,982,112	$3,099,767	$52,457
2023	$3,419,143	$3,568,986	$3,041,330	$-149,843
2022	$3,695,067	$3,333,227	$3,218,752	$361,840
2021	$3,109,454	$3,075,811	$3,278,968	$33,643
2020	$3,290,482	$3,159,965	$3,199,386	$130,517
2019	$2,941,890	$2,943,482	$2,659,129	$-1,592

GRAND HAVEN HOMES INC