Home Partnership of Cecil County I… - Form 990 Financial Data

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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

2004

Legal Domicile

Phone

4106793200

Tax Period

2022-07-01 to 2023-06-30

Home Partnership of Cecil County Inc, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $382K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $474K exceeded revenue, resulting in a 24% operating deficit.

Mission

Housing advocacy for low to moderate income individuals and families

Program Service Accomplishments

Program 1

Expenses: $474,046 Revenue: $301,589

To expand access to affordable and successful homeownership for low and moderate income families and to combat community deterioration, thereby strengthening communities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $63,060

Program Service Revenue $301,589

Investment Income $16,981

Other Revenue $0

TOTAL REVENUE $381,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,781

Fundraising Expenses $0

Program Expenses $474,046

Other Expenses $465,265

TOTAL EXPENSES $474,046

Year-over-Year Comparison

	2022	2021	Change
Revenue	$381,630	$347,257	+0.1%
Expenses	$474,046	$470,169	+0.0%
Net Income	$-92,416	$-122,912	-0.2%

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

$102,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Hodgetts	President & CEO	20.00	Officer	$0	$7,490	$102,490
Andrew Stansfield	Chairman	1.00	Officer Director	$0	$0	$0
Michael Charlton	Secretary	1.00	Officer Director	$0	$0	$0
Rachel Sykes	Director	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	No data	No data	No data	No data
2023	$381,630	$474,046	$8,570,823	$-92,416
2022	$347,257	$470,169	$8,652,495	$-122,912
2021	$3,185,237	$122,530	$8,745,146	$3,062,707
2020	$1,331,039	$25,187	$2,673,829	$1,305,852
2019	$64,313	$20,908	$1,140,329	$43,405
2018	$62,024	$375	$1,126,998	$61,649

Home Partnership of Cecil County Inc