Have Mercy (EIN 452592543) - 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

2011

Legal Domicile

Principal Officer

Kim Cain

Phone

6162258055

Tax Period

2023-01-01 to 2023-12-31

Have Mercy, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $198K, a strong 18% operating margin.

Mission

Our mission is to reflect the compassion of Christ to homeless and hungry families in Montcalm and Ionia Counties.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,068,671

Program Service Revenue $31,299

Investment Income $0

Other Revenue $1,495

TOTAL REVENUE $1,101,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,596

Fundraising Expenses $6,691

Program Expenses $793,701

Other Expenses $380,205

TOTAL EXPENSES $903,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,101,465	$1,237,002	-0.1%
Expenses	$903,801	$895,592	+0.0%
Net Income	$197,664	$341,410	-0.4%

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

$13,976

Total Directors

$13,976

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Cain	President/CEO	40.00	Officer Director	$13,976	$0	$13,976
Rich Jones	Chairman	0.00	Officer Director	$0	$0	$0
Mike Walsh	Board Member	0.00	Director	$0	$0	$0
Bill Small	Vice Chair	0.00	Officer Director	$0	$0	$0
Amy Herbruck	Treasurer	0.00	Officer Director	$0	$0	$0
Abby Stalker	Secretary	0.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,101,465	$903,801	$1,663,095	$197,664
2022	$1,237,002	$895,592	$1,624,925	$341,410
2021	$902,170	$831,389	$862,149	$70,781
2020	$709,844	$727,637	$705,613	$-17,793
2019	$622,419	$630,623	$598,063	$-8,204
2018	$539,567	$452,295	$608,402	$87,272

Have Mercy