PELLA REC

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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

2024

Legal Domicile

Principal Officer

ROBERT ZYLSTRA

Phone

6416282246

Tax Period

2025-01-01 to 2025-12-31

PELLA REC, founded in 2024, is a community nonprofit in the Community Improvement sector that reported $5.4M in total revenue in fiscal year 2025. The organization ran a surplus of $3.3M, a strong 62% operating margin.

Mission

FUNDRAISE FOR THE CONSTRUCTION AND CONTINUING OPERATION OF THE PELLA INDOOR RECREATION FACILITY.

Program Service Accomplishments

Program 1

Expenses: $2,059,411

RAISING MONEY TO BEGIN CONSTRUCTION

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,339,605

Program Service Revenue $0

Investment Income $62,589

Other Revenue $0

TOTAL REVENUE $5,402,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,311

Program Expenses $2,059,411

Other Expenses $2,060,722

TOTAL EXPENSES $2,060,722

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,402,194	N/A	N/A
Expenses	$2,060,722	N/A	N/A
Net Income	$3,341,472	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
LORI BANDSTRA	BOARD MEMBER	N/A	Officer	$0	$0	$0
SAM VAN MAANEN	BOARD MEMBER	N/A	Officer	$0	$0	$0
KYLE NELSON	BOARD MEMBER	N/A	Officer	$0	$0	$0
DONNA SMITH	BOARD MEMBER	N/A	Officer	$0	$0	$0
DAVE SUTPHEN	BOARD MEMBER	N/A	Officer	$0	$0	$0
SHERRI TEGROOTENHUIS	BOARD MEMBER	N/A	Officer	$0	$0	$0
ROBERT ZYLSTRA	BOARD MEMBER	N/A	Officer	$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	$5,402,194	$2,060,722	$3,346,483	$3,341,472