ZEELAND EDUCATION FOUNDATION (EIN 821829249) - 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

2015

Legal Domicile

Principal Officer

TOM DENHERDER

Tax Period

2023-01-01 to 2023-12-31

ZEELAND EDUCATION FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $472K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 56% operating margin.

Mission

THE GOAL IS TO RAISE PRIVATE FUNDS TO ENHANCE ACADEMIC EXCELLENCE FOR ALL STUDENTS OF ZEELAND PUBLIC SCHOOLS.

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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 $303,350

Program Service Revenue $0

Investment Income $95,823

Other Revenue $73,323

TOTAL REVENUE $472,496

Expense Breakdown

Grants Paid $143,719

Salaries & Benefits $29,861

Fundraising Expenses $0

Program Expenses $143,719

Other Expenses $33,277

TOTAL EXPENSES $206,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,496	$173,616	+1.7%
Expenses	$206,857	$195,521	+0.1%
Net Income	$265,639	$-21,905	-13.1%

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

Total Directors

$27,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA GHIARDI	EXECUTIVE DI	20.00	Director	$27,500	$0	$27,500
BOB BISHOP	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CAL DEKUIPER	DIRECTOR	N/A	Director	$0	$0	$0
TOM DENHERDER	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM EICKHOFF	DIRECTOR	N/A	Director	$0	$0	$0
GARY FEENSTRA	DIRECTOR	N/A	Director	$0	$0	$0
MITCHELL GREEN	TREASURER	N/A	Officer Director	$0	$0	$0
NIKKI KLEINHEKSEL	DIRECTOR	N/A	Director	$0	$0	$0
LESLEE LEWIS	DIRECTOR	N/A	Director	$0	$0	$0
BRANDI MENDHAM	DIRECTOR	N/A	Director	$0	$0	$0
AMY NASH	DIRECTOR	N/A	Director	$0	$0	$0
BRANDY NAVETTA	DIRECTOR	N/A	Director	$0	$0	$0
JULIE PATERICK	DIRECTOR	N/A	Director	$0	$0	$0
JIM SCHOETTLE	DIRECTOR	N/A	Director	$0	$0	$0
SARA STEVENS	DIRECTOR	N/A	Director	$0	$0	$0
MATT STOLZ	DIRECTOR	N/A	Director	$0	$0	$0
RICK VANDORP	SECRETARY	N/A	Officer Director	$0	$0	$0
SARAI VANDERWOOD	DIRECTOR	N/A	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	$472,496	$206,857	$2,559,626	$265,639
2022	$173,616	$195,521	$2,168,034	$-21,905
2021	$814,205	$89,137	$2,542,236	$725,068
2020	$224,070	$76,505	$1,701,184	$147,565
2019	$226,763	$125,459	$1,521,919	$101,304
2018	$310,647	$110,768	$1,304,518	$199,879

ZEELAND EDUCATION FOUNDATION