THE SOCIETY FOR PROTESTANT REFORMED SPECIAL EDUCATION (EIN 900917937) - 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

2012

Legal Domicile

Principal Officer

NICK ENGELSMA

Phone

6166691773

Tax Period

2023-07-01 to 2024-06-30

THE SOCIETY FOR PROTESTANT REFORMED SPECIAL EDUCATION, founded in 2012, is a small nonprofit in the Education sector that reported $741K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $144K, a strong 19% operating margin.

Mission

EDUCATION OF SPECIAL NEEDS CHILDREN

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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 $627,436

Program Service Revenue $92,350

Investment Income $21,200

Other Revenue $0

TOTAL REVENUE $740,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,408

Fundraising Expenses $0

Program Expenses $592,584

Other Expenses $235,372

TOTAL EXPENSES $596,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$740,986	$682,992	+0.1%
Expenses	$596,780	$598,436	0.0%
Net Income	$144,206	$84,556	+0.7%

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
JASON ELZINGA	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK ENGELSMA	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN GRITTERS	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY VELDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD NIENHUIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN VAN PUTTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT VAN PUTTEN	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$740,986	$596,780	$1,069,761	$144,206
2023	$682,992	$598,436	$882,704	$84,556
2022	$633,955	$618,838	$768,904	$15,117
2021	$753,536	$617,304	$804,839	$136,232
2020	$526,969	$578,236	$568,890	$-51,267
2019	$505,171	$509,973	$618,608	$-4,802

THE SOCIETY FOR PROTESTANT REFORMED SPECIAL EDUCATION