MARYS LEGACY NONPROFIT CORPORATION

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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

2019

Legal Domicile

Principal Officer

RON SNOEYINK

Phone

6164034243

Tax Period

2022-01-01 to 2022-12-31

MARYS LEGACY NONPROFIT CORPORATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $303K in total revenue in fiscal year 2022. The organization ran a surplus of $301K, a strong 99% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,910 Revenue: $1,835

IN 2022, CONSTRUCTION STARTED AND WAS COMPLETED, ON A HOUSE IN ZEELAND, MI. IN OCTOBER 2022, THE ORGANIZATION BEGAN LEASING THE HOUSE TO ITS FIRST TENANTS. THE ORGANIZATION BEGAN TO FULFIL ITS...

IN 2022, CONSTRUCTION STARTED AND WAS COMPLETED, ON A HOUSE IN ZEELAND, MI. IN OCTOBER 2022, THE ORGANIZATION BEGAN LEASING THE HOUSE TO ITS FIRST TENANTS. THE ORGANIZATION BEGAN TO FULFIL ITS PURPOSE: TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS WITH DISABILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $300,970

Program Service Revenue $1,835

Investment Income $0

Other Revenue $0

TOTAL REVENUE $302,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,910

Other Expenses $1,910

TOTAL EXPENSES $1,910

Year-over-Year Comparison

	2022	2021	Change
Revenue	$302,805	N/A	N/A
Expenses	$1,910	N/A	N/A
Net Income	$300,895	N/A	N/A

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
TOM HAVEMAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
VICKI KLYNSTRA	SECRETARY	2.00	Officer Director	$0	$0	$0
RON SNOEYINK	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE VUGTEVEEN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA VUGTEVEEN	TREASURER	2.00	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
2022	$302,805	$1,910	$300,895	$300,895