IONIA R WHIPPER HOME INC

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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

1951

Legal Domicile

Principal Officer

DENA CARPENTER

Tax Period

2022-07-01 to 2023-06-30

IONIA R WHIPPER HOME INC, founded in 1951, is a small nonprofit that reported $119K in total revenue in fiscal year 2022. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 38% operating margin.

Mission

TO PROVIDE COMPREHENSIVE CRISIS HOUSING, FAMILY SUPPORT, RESOURCES AND WORKFORCE DEVELOPMENT SERVICES TO WOMEN IN TRANSITION.

Program Service Accomplishments

Program 1

Expenses: $58,690

TO PROVIDE TRANSITIONAL HOUSING FOR MOTHERS AND CHILDREN EXPERIENCING HOMELESSNESS. RESIDENTS ARE ASSISTED WITH SECURING PERMANENT HOUSING, COACHING ON PARENTING SKILLS, MONEY MANAGEMENT, TENANT...

TO PROVIDE TRANSITIONAL HOUSING FOR MOTHERS AND CHILDREN EXPERIENCING HOMELESSNESS. RESIDENTS ARE ASSISTED WITH SECURING PERMANENT HOUSING, COACHING ON PARENTING SKILLS, MONEY MANAGEMENT, TENANT RIGHTS, AND JOB SEARCH STRATEGIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,109

Program Service Revenue $0

Investment Income $600

Other Revenue $88,696

TOTAL REVENUE $119,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,716

Fundraising Expenses $0

Program Expenses $58,690

Other Expenses $56,547

TOTAL EXPENSES $74,263

Year-over-Year Comparison

	2022	2021	Change
Revenue	$119,405	$78,050	+0.5%
Expenses	$74,263	$126,300	-0.4%
Net Income	$45,142	$-48,250	-1.9%

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

N/A

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
ERNESTINE MILES	PRESIDENT	025.00	Officer Director	$0	$0	$0
DENA CARPENTER	TREASURER	025.00	Officer Director	$0	$0	$0
DORIAN WHITE	SECRETARY	025.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$119,405	$74,263	$652,272	$45,142
2022	$78,050	$126,300	$607,130	$-48,250
2021	$80,514	$106,573	$655,380	$-26,059
2020	$65,256	$420,992	$686,596	$-355,736
2019	$57,056	$192,476	$845,887	$-135,420
2018	$1,120,504	$107,791	$976,275	$1,012,713