PURPLE HEART HOMES INC (EIN 263516121) - 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

JOHN GALLINA

Phone

7048384044

Tax Period

2024-01-01 to 2024-12-31

PURPLE HEART HOMES INC, founded in 2008, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 27% operating margin.

Mission

TO HONOR THOSE WHO SERVED BY PROVIDING HOUSING SOLUTIONS AND EMPLOYMENT OPPORTUNITIES TO QUALIFIED VETERANS.

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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 $11,571,636

Program Service Revenue $851,490

Investment Income $-52,397

Other Revenue $117,503

TOTAL REVENUE $12,488,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,134,368

Fundraising Expenses $1,913,567

Program Expenses $6,309,547

Other Expenses $7,016,360

TOTAL EXPENSES $9,150,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,488,232	$7,196,414	+0.7%
Expenses	$9,150,728	$7,467,186	+0.2%
Net Income	$3,337,504	$-270,772	-13.3%

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

Employees

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

$497,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GALLINA	CEO	40.00	Officer	$174,129	$0	$174,129
TIM MANGUM	CAO	40.00	Officer	$115,122	$0	$115,122
ANTHONY P COCKERHAM	CDO	40.00	Officer	$105,123	$0	$105,123
KERRY LAWING	COO	40.00	Officer	$102,633	$0	$102,633
TOMMY PRUITT	DIRECTOR	10.00	Director	$0	$0	$0
RYAN REPP	DIRECTOR	10.00	Director	$0	$0	$0
JOSE RAMOS	DIRECTOR	10.00	Director	$0	$0	$0
DAVE STERNBERG	CHAIRMAN	10.00	Director	$0	$0	$0
ESTEBAN MCMAHAN	VICE-CHAIR	10.00	Director	$0	$0	$0
SUSAN IFILL	SECRETARY	10.00	Director	$0	$0	$0
JOSH GISI	TREASURER	10.00	Director	$0	$0	$0
CJ BANNISTER	DIRECTOR	10.00	Director	$0	$0	$0
ROBERT BANUELOS	DIRECTOR	10.00	Director	$0	$0	$0
CHARLIE EADIE	DIRECTOR	10.00	Director	$0	$0	$0
HALA FARID	DIRECTOR	10.00	Director	$0	$0	$0
LAURA FORREST	DIRECTOR	10.00	Director	$0	$0	$0
DON RETTIG	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL LENNON	DIRECTOR	10.00	Director	$0	$0	$0
WILLIAM SCHIEK	DIRECTOR	10.00	Director	$0	$0	$0
RUSSELL RAUCH	DIRECTOR	10.00	Director	$0	$0	$0
JOHN TRIMBLE	DIRECTOR	10.00	Director	$0	$0	$0
DANIEL SOLIMAN	DIRECTOR	10.00	Director	$0	$0	$0
SHERRY YASKIN	DIRECTOR	10.00	Director	$0	$0	$0
JUSTIN MAXWELL	DIRECTOR	10.00	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	$12,488,232	$9,150,728	$7,611,756	$3,337,504
2023	$7,196,414	$7,467,186	$4,146,453	$-270,772
2022	$6,025,415	$6,195,531	$4,674,096	$-170,116
2021	$4,659,786	$4,420,304	$4,564,055	$239,482
2020	$3,033,526	$3,097,062	$4,726,749	$-63,536
2019	$4,379,281	$3,278,288	$4,668,546	$1,100,993
2018	$3,244,923	$3,204,715	$3,425,932	$40,208

PURPLE HEART HOMES INC