GENESIS HOUSE INC

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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

2018

Legal Domicile

Principal Officer

REBECCA ERDMANN

Phone

7123953316

Tax Period

2024-01-01 to 2024-12-31

GENESIS HOUSE INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $137K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $186K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE CORPORATION WILL PROVIDE FAITH-BASED HOUSING AND HOLISTIC SUPPORTS FOR WOMEN AND CHILDREN IMPACTED BY HOMELESSNESS AND DOMESTIC VIOLENCE.

Program Service Accomplishments

Program 1

THE CORPORATION WILL PROVIDE HOUSING AND SUPPORT SERVICES TO WOMEN AND CHILDREN. THE BOARD WILL REVIEW APPLICATIONS, INTERVIEW APPLICANTS, AND PERFORM BACKGROUND CHECKS TO DECIDE WHO WILL RECEIVE THE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $137,063

Program Service Revenue $0

Investment Income $85

Other Revenue $0

TOTAL REVENUE $137,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,931

Fundraising Expenses $0

Program Expenses $186,250

Other Expenses $78,319

TOTAL EXPENSES $186,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,148	$271,122	-0.5%
Expenses	$186,250	$191,460	0.0%
Net Income	$-49,102	$79,662	-1.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA ERDMANN	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
MARLA GROENEWEG	PRESIDENT	N/A	Director	$0	$0	$0
KEVIN HUYSER	DIRECTOR	N/A	Director	$0	$0	$0
RICH KOELE	DIRECTOR	N/A	Director	$0	$0	$0
DEAN KOOIMA	TREASURER	N/A	Director	$0	$0	$0
JULIE WESTER	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	$137,148	$186,250	$148,901	$-49,102
2023	$271,122	$191,460	$195,003	$79,662
2022	$237,688	$146,289	$119,341	$91,399
2021	$156,682	$152,808	$23,942	$3,874
2020	$133,945	$134,377	$20,068	$-432
2019	$154,537	$144,565	$20,500	$9,972
2018	$117,345	$106,817	$10,528	$10,528