SALINE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
EVANGELICAL HOMES OF MICHIGAN FOUNDATION SUPPORTS THE EVANGELICAL HOMES OF MICHIGAN THROUGH FUNDRAISING. THE FOUNDATION BELIEVES THAT THE SOCIAL PROFIT OF AN ORGANIZATION CAN BE DETERMINED BY THE IMPACT IT HAS ON THE COMMUNITIES IN WHICH IT DOES BUSINESS AND ITS WIDER IMPACT ON THE WORLD. IT IS THE MISSION OF THE EVANGELICAL HOMES OF MICHIGAN, A HEALTH AND HUMAN SERVICE MINISTRY RELATED TO THE UNITED CHURCH OF CHRIST TO PROVIDE HEALTH AND HOUSING SERVICES TO PERSONS WHO ARE ELDERLY IN A MANNER WHICH THEIR RIGHTS, DIGNITY, AND WORTH AS CHILDREN OF GOD, AND TO RENDER THOSE SERVICES
THE FOUNDATION RAISES FUNDS FOR THE EVANGELICAL HOMES OF MICHIGAN PRIMARILY THROUGH SPONSORSHIPS. THESE FUNDS WILL BE USED TO SUPPORT THE CHARITABLE CARE OF EVANGELICAL HOMES OF MICHIGAN DBA EHM...
THE FOUNDATION RAISES FUNDS FOR THE EVANGELICAL HOMES OF MICHIGAN PRIMARILY THROUGH SPONSORSHIPS. THESE FUNDS WILL BE USED TO SUPPORT THE CHARITABLE CARE OF EVANGELICAL HOMES OF MICHIGAN DBA EHM SENIOR SOLUTIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare EVANGELICAL HOMES OF MICHIGAN FOUNDATION with other nonprofits in Michigan and across the country.