Atrio Home Health Lakeshore (EIN 814839696) - 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

2016

Legal Domicile

Principal Officer

Troy Vugteveen

Phone

6167963800

Tax Period

2023-01-01 to 2023-12-31

Atrio Home Health Lakeshore, founded in 2016, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

To provide home health care, skilled nursing, and other therapy services to residents of the greater Holland & Muskegon areas.

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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 $0

Program Service Revenue $1,954,692

Investment Income $-21

Other Revenue $8,845

TOTAL REVENUE $1,963,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,928,197

Fundraising Expenses $0

Program Expenses $2,032,292

Other Expenses $516,160

TOTAL EXPENSES $2,444,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,963,516	$2,501,188	-0.2%
Expenses	$2,444,357	$2,629,232	-0.1%
Net Income	$-480,841	$-128,044	+2.8%

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

N/A

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

$634,211

Total Directors

$1,027,392

Key Employees

$118,215

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Troy Vugteveen	President & Chair	2	Officer Director	$0	$0	$373,036
Deedre Vriesman	Treasurer	2	Officer Director	$0	$0	$261,175
Adam Kinder	Director	6	Director	$0	$0	$230,069
Seth Weener	Director	2	Director	$0	$0	$163,112
Kelly Wierenga	Administrator	50	Key Emp Highest	$113,724	$0	$118,215
Brian Pangle	Secretary	2	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	$1,963,516	$2,444,357	$450,332	$-480,841
2022	$2,501,188	$2,629,232	$768,476	$-128,044
2021	$2,909,373	$2,517,004	$794,855	$392,369
2020	$2,079,121	$2,090,308	$730,608	$-11,187
2019	$1,968,295	$1,970,571	$445,242	$-2,276

Atrio Home Health Lakeshore