SHELDON CHRISTIAN SCHOOL ASSOCIATION FOUNDATION (EIN 832431733) - 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

2018

Legal Domicile

Principal Officer

LYLE BOLKEMA

Phone

7123242429

Tax Period

2023-08-01 to 2024-07-31

SHELDON CHRISTIAN SCHOOL ASSOCIATION FOUNDATION, founded in 2018, is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2023. Expenses of $64K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE SHELDON CHRISTIAN SCHOOL ASSOCIATION FOUNDATION WAS ESTABLISHED FOR THE PURPOSE OF FINANCIALLY SUPPORTING SHELDON CHRISTIAN SCHOOL.

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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 $10,713

Program Service Revenue $0

Investment Income $43,826

Other Revenue $0

TOTAL REVENUE $54,539

Expense Breakdown

Grants Paid $63,672

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,699

Other Expenses $774

TOTAL EXPENSES $64,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,539	$52,908	+0.0%
Expenses	$64,446	$96,412	-0.3%
Net Income	$-9,907	$-43,504	-0.8%

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

Employees

N/A

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
LYLE BOLKEMA	PRESIDENT	0.25	Officer Director	$0	$0	$0
EVAN DE HOOGH	BOARD LIAISO	0.25	Director	$0	$0	$0
JIM JANSEN	SECRETARY	0.25	Officer Director	$0	$0	$0
TOM WIBBEN	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
MARK WIERINGA	TREASURER	0.25	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
2024	$54,539	$64,446	$1,458,255	$-9,907
2023	$52,908	$96,412	$1,378,643	$-43,504
2022	$74,340	$50,968	$1,347,794	$23,372
2021	$128,394	$69,393	$1,598,003	$59,001

SHELDON CHRISTIAN SCHOOL ASSOCIATION FOUNDATION