WALTER HOVING HOME INC DBA HOVING HOME (EIN 132753267) - 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

1967

Legal Domicile

Principal Officer

ELIZABETH GRECO

Phone

8454243674

Tax Period

2024-10-01 to 2025-09-30

WALTER HOVING HOME INC DBA HOVING HOME, founded in 1967, is a community nonprofit in the Mental Health sector that reported $4.6M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

WHH IS A RESIDENTIAL RECOVERY CENTER WITH LOCATIONS IN CA, NY, NJ, NV, NC AND MA SERVING WOMEN AGES 17 AND OVER BY PROVIDING HELP IN OVERCOMING LIFE-CONTROLLING PROBLEMS, INCLUDING ADDICTION, ABUSE, AND SURVIVORS OF SEX TRAFFICKING. THE SPIRITUALLY-BASED PROGRAM IS FOCUSED ON REBUILDING BROKEN LIVES IN A SAFE AND STRUCTURED ATMOSPHERE OF WARMTH, TRUST, SUPPORT AND LOVE. WHH PROVIDES THE ENVIRONMENT FOR COMPLETE RESTORATION -- TEACHING AND EMPOWERING WOMEN TO MAKE CHOICES THAT LEAD TO A THRIVING, HEALTHY AND PRODUCTIVE LIFE AS THEY RE-ENTER SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,230,299

Program Service Revenue $409,574

Investment Income $-10,859

Other Revenue $-76,971

TOTAL REVENUE $4,552,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,890,351

Fundraising Expenses $479,307

Program Expenses $3,653,375

Other Expenses $2,785,420

TOTAL EXPENSES $4,675,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,552,043	$6,181,886	-0.3%
Expenses	$4,675,771	$4,762,184	0.0%
Net Income	$-123,728	$1,419,702	-1.1%

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

Volunteers

350

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

$327,157

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MULCAHY	CHAIRMAN	0.50	Director	$0	$0	$0
DAVID JONES	DIRECTOR (PART-YEAR)	0.20	Director	$0	$0	$0
STEVE BLOSSER	DIRECTOR	0.20	Director	$0	$0	$0
STEVEN CAMPBELL	DIRECTOR	0.20	Director	$0	$0	$0
ANNE MARIE FOREHAND	DIRECTOR	0.20	Director	$0	$0	$0
ROBIN JOYCE	DIRECTOR (PART-YEAR)	0.20	Director	$0	$0	$0
EMILY HIBARD	VICE CHAIRMAN	0.20	Director	$0	$0	$0
KEVIN ANDERSON	DIRECTOR (PART-YEAR)	0.20	Director	$0	$0	$0
BRYAN LAND	DIRECTOR (PART-YEAR)	0.20	Director	$0	$0	$0
MARIE HAYRAPET	DIRECTOR (PART-YEAR)	0.20	Director	$0	$0	$0
CHRIS DELMADGE	DIRECTOR (PART-YEAR)	0.20	Director	$0	$0	$0
ELIZABETH GRECO	PRESIDENT	40.00	Officer	$175,000	$13,199	$188,199
KATHI JONES	SECRETARY/TREASURER	40.00	Officer	$137,383	$1,575	$138,958

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	$4,552,043	$4,675,771	$11,374,750	$-123,728
2024	$6,181,886	$4,762,184	$12,681,318	$1,419,702
2023	$6,583,849	$4,655,320	$7,765,228	$1,928,529
2022	$5,196,753	$4,312,601	$5,849,474	$884,152
2021	$3,802,153	$3,633,482	$4,760,695	$168,671
2020	$3,654,856	$3,571,460	$4,782,360	$83,396
2019	$3,484,920	$3,436,539	$4,754,840	$48,381

WALTER HOVING HOME INC DBA HOVING HOME