HOUSE OF PROVIDENCE (EIN 464320030) - 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

2013

Legal Domicile

Principal Officer

MARGARET DUNN

Phone

3135791825

Tax Period

2024-10-01 to 2025-09-30

HOUSE OF PROVIDENCE, founded in 2013, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 13% surplus.

Mission

THE ORGANIZATION IS A THERAPEUTIC HOME FOR MINORS WHO ARE WARDS OF THE STATE OF MICHIGAN

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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 $609,425

Program Service Revenue $2,944,621

Investment Income $15,556

Other Revenue $116,360

TOTAL REVENUE $3,685,962

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $2,257,807

Fundraising Expenses $22,618

Program Expenses $2,564,383

Other Expenses $941,998

TOTAL EXPENSES $3,212,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,685,962	$3,021,711	+0.2%
Expenses	$3,212,305	$2,550,744	+0.3%
Net Income	$473,657	$470,967	+0.0%

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

$294,548

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON DUNN	OPERATIONS O	40.00	Officer	$136,831	$10,693	$147,524
MARGARET DUNN	EXECUTIVE DI	40.00	Officer	$136,331	$10,693	$147,024
EMILY ARRENDONDO	SECRETARY	1.00	Director	$0	$0	$0
NIKKI BYANSKI	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
CHERISH FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTI GIANNETTI	DIRECTOR	1.00	Director	$0	$0	$0
ELIJAH HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HILL	TREASURER	1.00	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
2025	$3,685,962	$3,212,305	$5,866,093	$473,657
2024	$3,021,711	$2,550,744	$5,272,058	$470,967
2023	$3,108,055	$2,591,825	$4,194,488	$516,230
2022	$3,471,318	$2,974,043	$4,144,149	$497,275
2021	$4,563,519	$3,001,099	$3,984,659	$1,562,420
2020	$2,753,732	$2,478,513	$3,090,894	$275,219
2019	$2,104,029	$2,093,218	$2,261,243	$10,811
2018	$1,852,875	$1,376,521	$2,269,766	$476,354

HOUSE OF PROVIDENCE