PENNIES FROM HEAVEN FOUNDATION (EIN 461452896) - 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

2012

Legal Domicile

Principal Officer

TODD JACOBS

Phone

2317224538

Tax Period

2024-01-01 to 2024-12-31

PENNIES FROM HEAVEN FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $691K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 48% operating deficit.

Mission

SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY COMMITTED TO FURTHERING THE PHILANTROPIC ACTIVITIES OF THAT ORGANIZATION

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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 $3,828

Program Service Revenue $0

Investment Income $553,866

Other Revenue $133,183

TOTAL REVENUE $690,877

Expense Breakdown

Grants Paid $745,652

Salaries & Benefits $102,983

Fundraising Expenses $0

Program Expenses $949,278

Other Expenses $171,442

TOTAL EXPENSES $1,020,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,877	$563,290	+0.2%
Expenses	$1,020,077	$856,813	+0.2%
Net Income	$-329,200	$-293,523	+0.1%

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

N/A

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

$210,461

Total Directors

$127,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WILSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANITA WILSON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
HEIDI SYSTEMA	SECRETARY/TREASURER	1.00	Officer Director	$0	$27,931	$127,485
BOB CHAPLA	DIRECTOR	1.00	Director	$0	$0	$0
DR SUE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MACLEAN	DIRECTOR	1.00	Director	$0	$0	$0
MONICA JEWELL	EXECUTIVE DIRECTOR	40.00	Officer	$0	$11,863	$82,976

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	$690,877	$1,020,077	$22,162,065	$-329,200
2023	$563,290	$856,813	$21,463,251	$-293,523
2022	$467,879	$1,230,661	$20,193,280	$-762,782
2021	$1,068,613	$1,031,636	$24,059,860	$36,977
2020	$570,208	$918,832	$23,090,749	$-348,624
2019	$453,395	$2,489,389	$21,953,783	$-2,035,994
2018	$904,135	$2,174,795	$21,561,349	$-1,270,660

PENNIES FROM HEAVEN FOUNDATION