ASSOCIATION FOR COVENANTAL REFORME… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

JEREMY LANGERAK

Phone

6168311744

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION FOR COVENANTAL REFORMED EDUCATION, founded in 2021, is a small nonprofit in the Religion sector that reported $705K in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $657,858 Revenue: $324,295

THE OFFICERS, DIRECTORS AND EMPLOYEES OF THE ORGANIZATION EDUCATE PARENTS ON HOW TO HOME SCHOOL THEIR CHILDREN IN A MANNER THAT IS CONSISTENT WITH THE BIBLE AND THE REFORMED CHRISTIAN TRADITION. ALL OF OUR TIME, EXCEPT FOR ADMINISTRATIVE DUTIES, IS DEDICATED TO THESE EDUCATIONAL AND RELIGIOUS ACTIVITIES. OUR EXEMPT PURPOSES ARE RELIGIOUS AND EDUCATIONAL, AND THE ACTIVITIES DIRECTLY PROVIDE RELIGIOUS AND EDUCATIONAL INSTRUCTION AND ASSISTANCE.

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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 $380,650

Program Service Revenue $314,738

Investment Income $9,557

Other Revenue $0

TOTAL REVENUE $704,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,673

Fundraising Expenses $0

Program Expenses $657,858

Other Expenses $174,076

TOTAL EXPENSES $697,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$704,945	$302,957	+1.3%
Expenses	$697,749	$292,033	+1.4%
Net Income	$7,196	$10,924	-0.3%

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
ED OPHOFF II	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM BOMERS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY LANGERAK	TREASURER	2.00	Officer Director	$0	$0	$0
JORDAN HIEMSTRA	VICE TREASURER	2.00	Officer Director	$0	$0	$0
TODD KAPTEIN	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG KALSBEEK	DIRECTOR	2.00	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	$704,945	$697,749	$1,284,337	$7,196
2023	$890,222	$699,106	$1,268,365	$191,116
2022	$839,577	$693,063	$953,662	$146,514
2021	$474,653	$257,541	$249,531	$217,112

ASSOCIATION FOR COVENANTAL REFORMED EDUCATION