HOME REPAIRS MINISTRIES INC (EIN 203932457) - 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

Principal Officer

HEATHER LOVERIDGE

Phone

4048508766

Tax Period

2024-01-01 to 2024-12-31

HOME REPAIRS MINISTRIES INC, founded in 2005, is a small nonprofit in the Religion sector that reported $399K in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 18% operating margin.

Mission

ENGAGE VOLUNTEERS IN HOME REPAIRS AND MAINTENANCE FOR HOMEOWNERS IN DISTRESS.

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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 $375,714

Program Service Revenue $0

Investment Income $3,769

Other Revenue $19,032

TOTAL REVENUE $398,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,702

Fundraising Expenses $26,735

Program Expenses $278,685

Other Expenses $114,679

TOTAL EXPENSES $328,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,515	$154,818	+1.6%
Expenses	$328,381	$231,330	+0.4%
Net Income	$70,134	$-76,512	-1.9%

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

$97,222

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER LOVERIDGE	EXECUTIVE DI	40.00	Officer	$97,222	$0	$97,222
TOM BORBONE	DIRECTOR	N/A	Director	$0	$0	$0
RICK BROOKS	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT FAXON	DIRECTOR	N/A	Director	$0	$0	$0
MALLORI HAMILTON	DIRECTOR	N/A	Director	$0	$0	$0
NEALE HIGHTOWER	SECRETARY	N/A	Director	$0	$0	$0
BILL ISAAK	PRESIDENT	N/A	Director	$0	$0	$0
RICHARD LUSK	TREASURER	N/A	Director	$0	$0	$0
ED SALLEY	DIRECTOR	N/A	Director	$0	$0	$0
GREG SCHANTZ	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON YARNELL	DIRECTOR	N/A	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	$398,515	$328,381	$204,227	$70,134
2023	$154,818	$231,330	$131,654	$-76,512
2022	$202,573	$198,246	$205,527	$4,327
2021	$193,752	$154,697	$202,415	$39,055
2020	$161,301	$158,676	$161,043	$2,625
2019	$228,176	$186,454	$160,457	$41,722

HOME REPAIRS MINISTRIES INC