TURNING FOR HOME INC (EIN 262698385) - 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

Principal Officer

JEFFREY MATTY JR

Phone

2156382012

Tax Period

2024-01-01 to 2024-12-31

TURNING FOR HOME INC, founded in 2008, is a community nonprofit in the Animal-Related sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.1M left a modest 12% surplus.

Mission

TO PROVIDE FOR THE RETIREMENT OF RACE HORSES THAT CAN NO LONGER RACE

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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 $1,240,239

Program Service Revenue $0

Investment Income $7,189

Other Revenue $4,362

TOTAL REVENUE $1,251,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,603

Fundraising Expenses $16,260

Program Expenses $1,042,263

Other Expenses $933,523

TOTAL EXPENSES $1,096,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,251,790	$1,341,079	-0.1%
Expenses	$1,096,126	$924,980	+0.2%
Net Income	$155,664	$416,099	-0.6%

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

$288,987

Total Directors

$426,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HUTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHLEEN A DEMASI	VICE PRESIDENT	1.00	Officer Director	$0	$25,976	$25,976
CHARLES ASENSIO	TREASURER	1.00	Officer Director	$0	$0	$0
JACK ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FANELLI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JULIA	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD COLETTI JR	DIRECTOR	1.00	Director	$0	$37,188	$37,188
SCOTT LAKE	DIRECTOR	1.00	Director	$0	$36,359	$36,359
ROBERT E REID JR	DIRECTOR	1.00	Director	$0	$32,467	$32,467
JOHN C SERVIS	DIRECTOR	1.00	Director	$0	$31,284	$31,284
JEFFREY MATTY JR	EXECUTIVE DIRECTOR, SECRETARY	3.00	Officer Director	$0	$29,611	$263,011

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	$1,251,790	$1,096,126	$646,309	$155,664
2023	$1,341,079	$924,980	$514,800	$416,099
2022	$607,109	$613,681	$70,065	$-6,572
2021	$575,732	$555,130	$91,526	$20,602
2020	$464,681	$511,978	$63,402	$-47,297
2019	$578,784	$612,183	$101,870	$-33,399
2018	$611,477	$554,589	$138,891	$56,888

TURNING FOR HOME INC