HOLINESS HOMES OF VISION INC (EIN 201103652) - 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

2005

Legal Domicile

Principal Officer

BERNADETTE MCGINESTER

Tax Period

2023-01-01 to 2023-12-31

HOLINESS HOMES OF VISION INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $951K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDES LOW INCOME HOUSING FOR THE ELDERLY

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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 $771,410

Program Service Revenue $174,326

Investment Income $0

Other Revenue $5,579

TOTAL REVENUE $951,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,763

Fundraising Expenses $0

Program Expenses $1,136,761

Other Expenses $766,998

TOTAL EXPENSES $1,136,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$951,315	$951,315	N/A
Expenses	$1,136,761	$1,136,761	N/A
Net Income	$-185,446	$-185,446	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

Volunteers

N/A

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

$87,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNADETTE MCGINESTER	PROPERTY MANAGER	40.00	Officer	$68,755	$18,827	$87,582
SAM LEE	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
MARY HAYES	ASSISTANT SECRETARY	1.00	Director	$0	$0	$0
DARRYL ROBY Sr	DIRECTOR	1.00	Director	$0	$0	$0
HENRY SUTTON	PRESIDENT	20.00	Director	$0	$0	$0
LAMONT SUTTON	VICE PRESIDENT	10.00	Director	$0	$0	$0
DRUNITA STEWARD	TREASURER	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
2024	No data	No data	No data	No data
2023	$951,315	$1,136,761	$5,821,831	$-185,446
2022	$942,887	$1,162,371	$6,056,675	$-219,484
2020	$891,989	$1,092,412	$6,388,491	$-200,423

HOLINESS HOMES OF VISION INC