HONEYMAN INC (EIN 261596148) - 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

2007

Legal Domicile

Principal Officer

JAMES GOODWIN

Phone

4134392247

Tax Period

2024-07-01 to 2025-06-30

HONEYMAN INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $49K in total revenue in fiscal year 2024. Expenses of $85K exceeded revenue, resulting in a 74% operating deficit.

Mission

PROVIDE HOUSING TO INDIVIDUALS WITH DISABILITIES.

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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 $25,088

Program Service Revenue $23,524

Investment Income $21

Other Revenue $0

TOTAL REVENUE $48,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,730

Fundraising Expenses $0

Program Expenses $69,596

Other Expenses $80,925

TOTAL EXPENSES $84,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,633	$46,819	+0.0%
Expenses	$84,655	$78,592	+0.1%
Net Income	$-36,022	$-31,773	+0.1%

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

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

$437,187

Total Directors

$437,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GOODWIN	PRESIDENT	0.50	Officer Director	$0	$37,873	$437,187
MICHAEL WILLIAMS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JOSEPHINE SARNELLI	TREASURER	0.50	Officer Director	$0	$0	$0
RYAN BARRY	CLERK	0.50	Officer 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
2025	$48,633	$84,655	$518,023	$-36,022
2024	$46,819	$78,592	$548,027	$-31,773
2023	$45,524	$71,947	$577,834	$-26,423
2022	$46,134	$80,820	$610,620	$-34,686
2021	$46,373	$76,431	$644,720	$-30,058
2020	$46,895	$81,893	$668,072	$-34,998
2019	$46,085	$81,592	$707,043	$-35,507
2018	$45,360	$81,421	$743,553	$-36,061

HONEYMAN INC