For This Time Ministries

EIN: 881108667 501(c)(3) Education

Grand Rapids, MI

Total Revenue
$525,752
Total Expenses
$667,518
Total Assets
$656,371
Net Assets
$654,524
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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
2022
Legal Domicile
MI
Principal Officer
Andrew Roelofs
Phone
6163500249
Tax Period
2024-01-01 to 2024-12-31

For This Time Ministries, founded in 2022, is a small nonprofit in the Education sector that reported $526K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $668K exceeded revenue, resulting in a 27% operating deficit.

Mission

To build thriving communities of faithful and skillful servant leaders, bringing sustainable transformation through education and partnership with students, families, community members and Christ followers from within Zambia and around the world.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $506,530
Program Service Revenue $0
Investment Income $19,222
Other Revenue $0
TOTAL REVENUE $525,752

Expense Breakdown

Grants Paid $385,000
Salaries & Benefits $126,859
Fundraising Expenses $23,403
Program Expenses $559,140
Other Expenses $155,659
TOTAL EXPENSES $667,518

Year-over-Year Comparison

2024 2023 Change
Revenue $525,752 $611,441 -0.1%
Expenses $667,518 $722,730 -0.1%
Net Income $-141,766 $-111,289 +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

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Governance

Voting Members
9
Independent Members
8
Employees
1
Volunteers
10

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
5
$118,329
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrew Roelofs Executive Director 40.00
Officer
$108,150 $10,179 $118,329
Harry Reinders Member 1.00
Director
$0 $0 $0
Irene Drost Member 1.00
Director
$0 $0 $0
Lisa Brearley Member 1.00
Director
$0 $0 $0
Marj Terpstra Member 1.00
Director
$0 $0 $0
Janice Barnhorn Member 1.00
Director
$0 $0 $0
Kevin DeKam President 2.00
Officer Director
$0 $0 $0
Dana Krol Vice President 2.00
Officer Director
$0 $0 $0
Brent Miedema Treasurer 2.00
Officer Director
$0 $0 $0
Henrietta Reinders Secretary 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
2024 $525,752 $667,518 $656,371 $-141,766
2023 $611,441 $722,730 $799,149 $-111,289
2022 $1,559,848 $652,269 $913,324 $907,579
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