HOME AGAIN INC (EIN 204526894) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

WILLIAM BYNUM

Phone

6019441100

Tax Period

2023-01-01 to 2023-12-31

HOME AGAIN INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $222K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $481K exceeded revenue, resulting in a 116% operating deficit.

Mission

SUPPORT REBUILDING EFFORTS & PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES IN MS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $108,807

Program Service Revenue $94,998

Investment Income $18,692

Other Revenue $0

TOTAL REVENUE $222,497

Expense Breakdown

Grants Paid $219,386

Salaries & Benefits $22,453

Fundraising Expenses $0

Program Expenses $472,345

Other Expenses $239,486

TOTAL EXPENSES $481,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,497	$637,144	-0.7%
Expenses	$481,325	$712,253	-0.3%
Net Income	$-258,828	$-75,109	+2.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$766,283

Total Directors

$766,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BYNUM	CHAIRPERSON	0.06	Officer Director	$1,221	$58,174	$642,221
CASSANDRA WILLIAMS	SECRETARY	0.15	Officer Director	$0	$3,186	$24,219
RONNIE CRUDUP	BOARD MEMBER	0.08	Director	$0	$0	$0
PHIL EIDE	BOARD MEMBER-TOP FINANCIAL OFFICER	4.92	Officer Director	$13,749	$17,823	$99,843
HERSCHELL HAMILTON	BOARD MEMBER	0.08	Director	$0	$0	$0
DAVID JACKSON	BOARD MEMBER	0.08	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	$222,497	$481,325	$3,690,335	$-258,828
2022	$637,144	$712,253	$3,743,286	$-75,109
2021	$261,006	$229,333	$4,852,331	$31,673
2020	$984,743	$173,163	$4,904,734	$811,580
2019	$470,001	$300,839	$4,353,708	$169,162
2018	$41,472	$132,597	$4,184,546	$-91,125

HOME AGAIN INC