The Homestead Community (EIN 260680550) - 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

2008

Legal Domicile

Phone

2532223108

Tax Period

2023-01-01 to 2023-12-31

The Homestead Community, founded in 2008, is a small nonprofit in the Human Services sector that reported $535K in total revenue in fiscal year 2023. Revenue surged 323% from the prior year, signaling strong growth momentum. The organization ran a surplus of $457K, a strong 85% operating margin.

Mission

PROVIDE HOUSING & RESOURCES FOR FOSTER FAMILIES AND CHILDREN IN FOSTER CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $476,461

Program Service Revenue $30,300

Investment Income $1,544

Other Revenue $26,466

TOTAL REVENUE $534,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,483

Other Expenses $78,241

TOTAL EXPENSES $78,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$534,771	$126,408	+3.2%
Expenses	$78,241	$40,952	+0.9%
Net Income	$456,530	$85,456	+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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE BRAATEN	President	20.00	Director	$0	$0	$0
SHIELA OFF	Vice President	15.00	Director	$0	$0	$0
COLLEEN BOND	Treasurer	15.00	Director	$0	$0	$0
KATHY HEEREMA	Director	5.00	Director	$0	$0	$0
MICHELLE WOODS	Director	10.00	Director	$0	$0	$0
BROOKE MURPHY	Director	5.00	Director	$0	$0	$0
CLARA BALLASIOTES	Director	5.00	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
2024	No data	No data	No data	No data
2023	$534,771	$78,241	$1,017,318	$456,530
2022	$126,408	$40,952	$564,903	$85,456

The Homestead Community