HOMESTEAD CHRISTIAN ACADEMY INC (EIN 203615366) - 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

Tax Period

2024-01-01 to 2024-12-31

HOMESTEAD CHRISTIAN ACADEMY INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

HOMESTEAD CHRISTIAN ACADEMY STRIVES TO ACHIEVE AND TO EMPOWER STUDENTS TODAY FOR A BETTER TOMORROW BY PROVIDING THEM THE RIGHT EDUCATION, NUTRITION AND SOCIAL SKILLS

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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 $0

Program Service Revenue $1,047,762

Investment Income $31

Other Revenue $0

TOTAL REVENUE $1,047,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $721,968

Fundraising Expenses $0

Program Expenses $1,070,234

Other Expenses $466,023

TOTAL EXPENSES $1,187,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,793	$1,203,350	-0.1%
Expenses	$1,187,991	$1,160,222	+0.0%
Net Income	$-140,198	$43,128	-4.3%

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

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
NICOLE VASCONCELLOS	SECRETARY	40.00	Director	$0	$0	$0
SHAHEEDA DA SILVA	BOARDMEMBER	1.00	Director	$0	$0	$0
DENISE VASCONCELLOS	PRESIDENT	40.00	Officer Director	$0	$0	$0
WAYNE RASSNER	DIRECTOR	1.00	Officer Director	$0	$0	$0
ABRAHAM ZIADEH	DIRECTOR	2.00	Officer	$0	$0	$0
MARIA LOPEZ	DIRECTOR	1.00	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
2024	$1,047,793	$1,187,991	$1,631,701	$-140,198
2023	$1,203,350	$1,160,222	$1,838,706	$43,128
2022	$911,616	$1,035,116	$1,861,961	$-123,500
2021	$1,053,122	$824,246	$1,983,978	$228,876
2020	$933,319	$731,970	$703,771	$201,349
2019	$740,720	$668,941	$293,229	$71,779
2018	$654,445	$777,015	$215,700	$-122,570

HOMESTEAD CHRISTIAN ACADEMY INC