GRAND HAVEN CHRISTIAN SCHOOL ENDOWMENT FUND

EIN: 462911313 501(c)(3) Education

GRAND HAVEN, MI

Total Revenue
$546,623
Total Expenses
$215,833
Total Assets
$4,365,486
Net Assets
$4,365,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
KEN TERPSTRA
Phone
6168425420
Tax Period
2024-01-01 to 2024-12-31

GRAND HAVEN CHRISTIAN SCHOOL ENDOWMENT FUND, founded in 2014, is a small nonprofit in the Education sector that reported $547K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $331K, a strong 61% operating margin.

Mission

THE PURPOSE OF THIS CORPORATION IS TO OPERATE EXCLUSIVELY IN SUPPORT OF, FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF, GRAND HAVEN CHRISTIAN SCHOOL OF GRAND HAVEN, MICHIGAN ("GHCS"). ANY DISTRIBUTION OF THE PRINCIPAL OR INCOME OF THE ASSETS OF THIS CORPORATION SHALL BE MADE ONLY TO, OR FOR THE BENEFIT OF, OR TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF GHCS, EXCEPT AS PROVIDED IN ARTICLE XI OF THE ARTICLES OF INCORPORATION OF THIS CORPORATION IN CONNECTION WITH THE DISSOLUTION OF THIS CORPORATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $228,200
Program Service Revenue $0
Investment Income $318,423
Other Revenue $0
TOTAL REVENUE $546,623

Expense Breakdown

Grants Paid $178,318
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $178,318
Other Expenses $37,515
TOTAL EXPENSES $215,833

Year-over-Year Comparison

2024 2023 Change
Revenue $546,623 $1,060,967 -0.5%
Expenses $215,833 $189,095 +0.1%
Net Income $330,790 $871,872 -0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN TERPSTRA PRESIDENT N/A
Officer Director
$0 $0 $0
DALE DEPPE TREASURER N/A
Officer Director
$0 $0 $0
DEBORAH ERICKSON DIRECTOR N/A
Director
$0 $0 $0
PETER BRINK SECRETARY N/A
Officer Director
$0 $0 $0
BRADY PROCTOR DIRECTOR N/A
Director
$0 $0 $0
STUART VANDERHEIDE DIRECTOR N/A
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 $546,623 $215,833 $4,365,486 $330,790
2023 $1,060,967 $189,095 $4,034,696 $871,872
2022 $489,961 $185,598 $3,162,824 $304,363
2021 $542,214 $166,823 $2,858,461 $375,391
2020 $272,695 $145,759 $2,509,097 $126,936
2019 $461,221 $138,419 $2,382,161 $322,802
2018 $170,740 $125,475 $2,059,359 $45,265
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