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Human Services (P75Z) 990 on File

RACHEL SOVEREIGN MEMORIAL HOME

EIN: 38-1360591 · BAY CITY, MI 48708-6102 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$926K
Total Revenue
$864K
Total Expenses
$996K
Net Assets
31
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.7%
Fundraising Efficiency N/A
Operating Reserve 13.83x
Liability-to-Asset 3.5%
Revenue Diversification 83.3%
Compared with Peers
FY 2024
Compared with 15,047 similar organizations (United States, Human Services, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
91.7% 86.3%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
8.3% 10.4%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
13.8 mo 8.4 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
3.5% 1.6%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
83.3% 96.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
8.5% 7.0%
P10P90
Expense growth
Year over year expense growth
1.5% 8.3%
P10P90
Surplus margin
Surplus as a share of revenue
6.7% 2.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $926K $864K $996K 91.7% 31
2023 $854K $852K $840K 91.8% 27
2022 $859K $805K $829K 92.0% 32
2021 $649K $665K N/A 30
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Organization Details
EIN
38-1360591
State
MI
City
BAY CITY
ZIP
48708-6102
Classification
P75Z
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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