Grand Rapids, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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