HOMEWARD BOUND OF THE GRAND VALLEY

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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

2002

Legal Domicile

Principal Officer

BRITTANY BEAR

Phone

9702569424

Tax Period

2024-10-01 to 2025-09-30

HOMEWARD BOUND OF THE GRAND VALLEY, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 67% operating deficit.

Mission

PROVIDE ASSISTANCE AND SERVICES TO HOMELESS PERSONS IN THE GRAND VALLEY.

Program Service Accomplishments

Program 1

Expenses: $2,307,712

THE EMERGENCY SHELTER PROVIDES SERVICES AND OVERNIGHT HOUSING FOR HOMELESS PERSONS IN THE GRAND VALLEY. HOMEWARDBOUND OPERATES THE ONLY SHELTER IN A 100 MILE RADIUS, SERVING VETERANS, SINGLE MEN AND WOMEN AND FAMILIES. THE FAMILY TRANSITIONAL PROGRAM PROVIDES CASE MANAGEMENT, HOUSING, AND SUPPORT SERVICES HELPING TO ADDRESS THE GENERATIONAL ISSUES OF POVERTY. THE HEALTH CENTER IS LOCATED ON THE SECOND FLOOR OF THE PATHWAYS FAMILY SHELTER AND IS OPERATED THROUGH A PARTNERSHIP WITH SCL HEALTH AND COLORADO MESA UNIVERSITY'S NURSING DEPARTMENT. HOMEWARDBOUNDS' FAMILY NAVIGATION GUIDES AN UNDERSERVED POPULATION EXPERIENCING LOW INCOME AND HOMELESSNESS IN ORDER FOR THEM TO RECEIVE MEDICAL AND BEHAVIORAL HEALTH ASSISTANCE FROM OUR PARTNERS.

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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 $1,953,640

Program Service Revenue $0

Investment Income $34,602

Other Revenue $-268,350

TOTAL REVENUE $1,719,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,481,242

Fundraising Expenses $88,856

Program Expenses $2,307,712

Other Expenses $1,390,648

TOTAL EXPENSES $2,871,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,719,892	$3,147,243	-0.5%
Expenses	$2,871,890	$3,019,019	0.0%
Net Income	$-1,151,998	$128,224	-10.0%

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

1374

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

$103,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY BEAR	CHAIR	2.00	Officer Director	$0	$0	$0
SHERYL VIOLETT	SECRETARY	2.00	Officer Director	$0	$0	$0
SARA TOURNEY	TREASURER	2.00	Officer Director	$0	$0	$0
BILL WADE	CHAIR EMERIT	2.00	Director	$0	$0	$0
BRIAN DONALDSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NICK GOWER	BOARD MEMBER	2.00	Director	$0	$0	$0
KESLIE COOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG CLAYTON	PAST CHAIR	2.00	Director	$0	$0	$0
DAN PRINSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK SMITH	CEO	40.00	Officer	$103,847	$0	$103,847

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	$1,719,892	$2,871,890	$8,012,501	$-1,151,998
2024	$3,147,243	$3,019,019	$8,809,290	$128,224
2023	$2,247,835	$2,671,372	$8,774,269	$-423,537
2022	$2,969,720	$2,726,921	$9,183,977	$242,799
2021	$2,346,982	$2,396,744	$8,596,520	$-49,762
2020	$2,312,804	$1,511,233	$9,476,271	$801,571
2019	$2,234,179	$1,047,941	$4,536,591	$1,186,238
2018	$1,002,811	$891,133	$2,580,769	$111,678