GRAND HAVEN CHRISTIAN SCHOOL ENDOW… - 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

2014

Legal Domicile

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

PROVIDE FUNDING TO THE GRAND HAVEN CHRISTIAN SCHOOL'S FOR THE PURCHASE OF GOODS AND SERVICES AT THE REQUEST OF TEACHERS AND STAFF IN THE SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $178,318

PURCHASED EQUIPMENT AND SERVICES AT THE REQUEST OF TEACHERS AND STAFF.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

GRAND HAVEN CHRISTIAN SCHOOL ENDOWMENT FUND