KENT SCHOOL SERVICES NETWORK

EIN: 463946663 501(c)(3) Education

GRAND RAPIDS, MI

Total Revenue
$4,236,599
Total Expenses
$3,494,858
Total Assets
$2,230,771
Net Assets
$1,945,132
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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
2013
Legal Domicile
MI
Principal Officer
DR KEENAN KING
Phone
6164472480
Tax Period
2024-07-01 to 2025-06-30

KENT SCHOOL SERVICES NETWORK, founded in 2013, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $742K, a strong 18% operating margin.

Mission

TO ENSURE THAT ALL CHILDREN IN THE KENT COUNTY AREA ARE HEALTHY AND LEARNING.

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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 $1,394,630
Program Service Revenue $2,841,597
Investment Income $372
Other Revenue $0
TOTAL REVENUE $4,236,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,257,905
Fundraising Expenses $177,960
Program Expenses $3,073,325
Other Expenses $236,953
TOTAL EXPENSES $3,494,858

Year-over-Year Comparison

2024 2023 Change
Revenue $4,236,599 $3,103,724 +0.4%
Expenses $3,494,858 $3,111,755 +0.1%
Net Income $741,741 $-8,031 -93.4%
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

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Governance

Voting Members
15
Independent Members
15
Employees
69
Volunteers
7680

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
5
$124,710
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEL ATKINS II TRUSTEE 0.50
Director
$0 $0 $0
KEVIN BATTLE TRUSTEE 0.50
Director
$0 $0 $0
DR CHASITY BAILEY-FAKCOURY TRUSTEE 0.50
Director
$0 $0 $0
DR VENEESE CHANDLER TRUSTEE 0.50
Director
$0 $0 $0
JAMES GIESEN TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER JAMES TRUSTEE 0.50
Director
$0 $0 $0
KEVIN POLSTON TRUSTEE 0.50
Director
$0 $0 $0
DIANA SIEGER TRUSTEE 0.50
Director
$0 $0 $0
ADNORIS TORRES TRUSTEE 0.50
Director
$0 $0 $0
ERIKA VAN DYKE TRUSTEE 0.50
Director
$0 $0 $0
MATTHEW VANZETTEN SECRETARY 0.50
Officer Director
$0 $0 $0
AARIE WADE TRUSTEE 0.50
Director
$0 $0 $0
DR RON GORMAN TREASURER 0.50
Officer Director
$0 $0 $0
ANA ALEMAN-PUTMAN VICE CHAIR 0.50
Officer Director
$0 $0 $0
BILL FETTERHOFF CHAIR 0.50
Officer Director
$0 $0 $0
DR KEENAN KING EXECUTIVE DIRECTOR 55.00
Officer
$117,064 $7,646 $124,710
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 $4,236,599 $3,494,858 $2,230,771 $741,741
2024 No data No data No data No data
2023 $2,791,137 $3,315,275 $1,418,752 $-524,138
2022 $3,154,655 $3,259,750 $1,958,051 $-105,095
2021 $2,959,823 $2,626,690 $2,021,291 $333,133
2020 $3,126,392 $2,665,268 $1,674,488 $461,124
2019 $2,318,865 $2,601,301 $1,173,720 $-282,436
2018 $2,758,852 $2,661,985 $1,472,673 $96,867
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