Streams of Hope

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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

2005

Legal Domicile

Principal Officer

Kurtis Kaechele

Tax Period

2023-01-01 to 2023-12-31

Streams of Hope, founded in 2005, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $337K, a strong 17% operating margin.

Mission

We exist to demonstrate the love of Jesus through programs and relationships that build a healthier neighborhood.

Program Service Accomplishments

Program 1

Expenses: $1,366,966

Since its inception in 2006, Streams of Hope has been dedicated to serving southeast Kent County. Through a diverse range of twelve developmental programs, Streams aspires to become the hub of a...

Since its inception in 2006, Streams of Hope has been dedicated to serving southeast Kent County. Through a diverse range of twelve developmental programs, Streams aspires to become the hub of a healthy neighborhood. Each month, Streams offers essential supplementary groceries through our Food Center, and free educational support for students of all ages. This support includes tutoring for children in grades K-5, Homework Help for middle and high school students, and a free GED/High School Diploma program for adults. Streams also provides invaluable financial strategy and workforce development programs, which empower local families to transition from poverty to building a lasting legacy of wealth.See Schedule O

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,963,055

Program Service Revenue $0

Investment Income $152

Other Revenue $64,514

TOTAL REVENUE $2,027,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,929

Fundraising Expenses $164,388

Program Expenses $1,366,966

Other Expenses $1,308,363

TOTAL EXPENSES $1,690,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,027,721	$1,718,178	+0.2%
Expenses	$1,690,292	$1,547,397	+0.1%
Net Income	$337,429	$170,781	+1.0%

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

$86,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kurtis Kaechele	Executive Director	40.00	Officer	$84,716	$1,430	$86,146
Allie Corfixsen	Director	1.00	Director	$0	$0	$0
Leatha Roberts	Director	1.00	Director	$0	$0	$0
Ken Visser	Director	1.00	Director	$0	$0	$0
Steve Smith	Director	1.00	Director	$0	$0	$0
Lynn Rhein	Director	1.00	Director	$0	$0	$0
David Giang	Director	1.00	Director	$0	$0	$0
Edward Cole	Director	1.00	Director	$0	$0	$0
Jason Boersma	Director	1.00	Director	$0	$0	$0
Paul Holtrop	Director	1.00	Director	$0	$0	$0
Evan Hordyk	Chairperson	2.00	Officer Director	$0	$0	$0
Jennifer VanDyke	Secretary	2.00	Officer Director	$0	$0	$0
Scott Cousino	Vice Chair	2.00	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
2024	No data	No data	No data	No data
2023	$2,027,721	$1,690,292	$3,208,107	$337,429
2022	$1,718,178	$1,547,397	$3,334,534	$170,781
2021	$2,705,370	$1,202,956	$2,339,059	$1,502,414
2020	$644,084	$572,066	$686,321	$72,018
2019	$510,766	$458,209	$569,381	$52,557
2018	$399,286	$409,083	$512,063	$-9,797