EVANGELICAL HOMES OF MICHIGAN FOUNDATION

EIN: 814001272 501(c)(3) Public & Societal Benefit

SALINE, MI

Total Revenue
$428,858
Total Expenses
$198,066
Total Assets
$2,492,159
Net Assets
$2,492,159
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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
2016
Legal Domicile
MI
Principal Officer
KARI RENNIE
Phone
7342952220
Tax Period
2024-05-01 to 2025-04-30

EVANGELICAL HOMES OF MICHIGAN FOUNDATION, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $429K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $231K, a strong 54% operating margin.

Mission

FUNDRAISING FOR EVANGELICAL HOMES OF MICHIGAN AND ITS SUBSIDIARY ORGANIZATIONS.

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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 $396,639
Program Service Revenue $0
Investment Income $0
Other Revenue $32,219
TOTAL REVENUE $428,858

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,331
Fundraising Expenses $0
Program Expenses $166,694
Other Expenses $56,735
TOTAL EXPENSES $198,066

Year-over-Year Comparison

2024 2023 Change
Revenue $428,858 $664,464 -0.4%
Expenses $198,066 $166,568 +0.2%
Net Income $230,792 $497,896 -0.5%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
$397,166
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS HOSINSKI CHIEF EXECUTIVE OFFICER (TIL 9/24) 0.40
Officer
$0 $10,171 $280,397
JULIA A WIEWIORA CHIEF FINANCIAL OFFICER (TIL 5/24) 0.40
Officer
$0 $6,104 $99,942
KARI RENNIE PRESIDENT & CEO (START 3/25) 0.40
Officer
$0 $0 $0
STEVE HOLDA CHIEF FINANCIAL OFFICER (START 11/24) 0.40
Officer
$0 $0 $16,827
JIM MANGI BOARD CHAIR 0.22
Officer Director
$0 $0 $0
DAVID PADALINO DIRECTOR 0.10
Director
$0 $0 $0
PIERRE BOUTROS DIRECTOR 0.10
Director
$0 $0 $0
REV LINDA ANDERSON DIRECTOR 0.22
Director
$0 $0 $0
STEVE ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
GARY CHATELL DIRECTOR 0.10
Director
$0 $0 $0
BRIAN GUINON DIRECTOR 0.10
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 $428,858 $198,066 $2,492,159 $230,792
2024 $664,464 $166,568 $2,261,117 $497,896
2023 $506,479 $173,662 $1,946,093 $332,817
2022 $301,241 $312,934 $1,370,796 $-11,693
2021 $441,331 $166,345 $1,338,630 $274,986
2020 $285,864 $364,005 $1,063,644 $-78,141
2019 $9,653 $9,653 No data No data
2018 $46,745 No data $66,347 No data
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