HOMES OF CARE INC (EIN 300139018) - 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

2002

Legal Domicile

Principal Officer

THOMAS M CONNORS

Phone

9786852151

Tax Period

2024-07-01 to 2025-06-30

HOMES OF CARE INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $84K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 46% operating margin.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS.

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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 $0

Program Service Revenue $84,474

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,054

Fundraising Expenses $0

Program Expenses $41,669

Other Expenses $42,885

TOTAL EXPENSES $45,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,474	$48,798	+0.7%
Expenses	$45,939	$52,693	-0.1%
Net Income	$38,535	$-3,895	-10.9%

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

$505,190

Total Directors

$314,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS M CONNORS	PRESIDENT & CEO/DIRECTOR	1.00	Officer Director	$0	$24,956	$314,592
JAMES HAJJAR	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LESSARD	TREASURER	1.00	Officer	$0	$10,943	$190,598

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	$84,474	$45,939	$462,936	$38,535
2024	$48,798	$52,693	$460,133	$-3,895
2023	$44,452	$60,982	$480,425	$-16,530
2022	$41,112	$48,742	$489,287	$-7,630
2021	$45,719	$54,554	$494,288	$-8,835
2020	$36,262	$47,638	$489,452	$-11,376
2019	$41,107	$45,834	$492,444	$-4,727
2018	$41,105	$53,298	$497,040	$-12,193

HOMES OF CARE INC