HOMESTART INC (EIN 311244736) - 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

1988

Legal Domicile

Principal Officer

STEPHEN NAAS

Phone

9372256328

Tax Period

2023-10-01 to 2024-09-30

HOMESTART INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $424K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $530K exceeded revenue, resulting in a 25% operating deficit.

Mission

IMPROVE THE QUALITY OF LIFE FOR MONTGOMERY COUNTY RESIDENTS THROUGH IMPROVED HOUSING OPPORTUNITIES.

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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 $0

Program Service Revenue $311,649

Investment Income $112,368

Other Revenue $0

TOTAL REVENUE $424,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,193

Program Expenses $454,987

Other Expenses $529,791

TOTAL EXPENSES $529,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,017	$364,796	+0.2%
Expenses	$529,791	$555,717	0.0%
Net Income	$-105,774	$-190,921	-0.4%

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

$402,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CRAWFORD	TRUSTEE	2.00	Director	$0	$0	$0
KEITH BORDERS	TRUSTEE (JAN-SEP)	2.00	Director	$0	$0	$0
AMANDA DAVIS	TRUSTEE (APR-SEP)	2.00	Director	$0	$0	$0
KAREN DEMASI	TRUSTEE (APR-SEP)	2.00	Director	$0	$0	$0
LANCE DETRICK	TRUSTEE	2.00	Director	$0	$0	$0
STEPHAN GAYTKO	TRUSTEE	2.00	Director	$0	$0	$0
JYL HALL SMITH	TRUSTEE	2.00	Director	$0	$0	$0
WALT HIBNER	TRUSTEE	2.00	Director	$0	$0	$0
NATHANAEL JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
TOM KELLEY	TRUSTEE	2.00	Director	$0	$0	$0
KRISTINA LEWIS	TRUSTEE (APR-SEP)	2.00	Director	$0	$0	$0
JANET LUCKIE	TRUSTEE (APR-SEP)	2.00	Director	$0	$0	$0
KARLOS MARSHALL	TRUSTEE	2.00	Director	$0	$0	$0
FRANK PETRIE	TRUSTEE (APR-SEP)	2.00	Director	$0	$0	$0
ANGELA RAHMAN	TRUSTEE (APR-SEP)	2.00	Director	$0	$0	$0
MARYA RUTHERFORD LONG	TRUSTEE	2.00	Director	$0	$0	$0
ANITA SCHMALTZ	TRUSTEE (OCT-APR)	2.00	Director	$0	$0	$0
JUDITH THOMPSON	TRUSTEE (OCT-MAR)	2.00	Director	$0	$0	$0
ANGELA WATSON GAY	TRUSTEE (OCT-APR)	2.00	Director	$0	$0	$0
JOHN F KUNTZ III	CHAIR	2.00	Officer Director	$0	$0	$0
VAL BEERBOWER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CYNTHIA HATTON TEPE	TREASURER	2.00	Officer Director	$0	$0	$0
LATISHA TAYLOR	TRUSTEE; SEC. (JAN-SEP)	2.00	Officer Director	$0	$0	$0
DAVE VANDERCHER	SECRETARY (OCT-APR)	2.00	Officer Director	$0	$0	$0
BONNIE PARISH	IMM. PAST CHAIR	2.00	Officer Director	$0	$0	$0
STEPHEN D NAAS	ASST. SECRETARY/PRESIDENT	3.00	Officer	$0	$30,563	$176,681
TRACY L SCHULTZ	ASSISTANT TREASURER	1.00	Officer	$0	$40,146	$129,838
ELIZABETH BRUNE	ASSISTANT TREASURER	3.00	Officer	$0	$28,576	$96,463

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	$424,017	$529,791	$10,331,342	$-105,774
2023	$364,796	$555,717	$10,582,007	$-190,921
2022	$508,193	$577,775	$10,754,317	$-69,582
2021	$438,995	$553,533	$10,784,232	$-114,538
2020	$345,038	$505,199	$11,087,073	$-160,161
2019	$620,889	$649,842	$11,242,899	$-28,953
2018	$370,039	$1,890,185	$11,504,668	$-1,520,146

HOMESTART INC