HOMECROFT INC (EIN 311344160) - 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

1991

Legal Domicile

Principal Officer

MIKE BLAKESLY

Phone

9375626500

Tax Period

2024-01-01 to 2024-12-31

HOMECROFT INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $431K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $543K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO DISABLED PERSONS.

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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 $16,588

Program Service Revenue $347,215

Investment Income $24,584

Other Revenue $42,466

TOTAL REVENUE $430,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $498,385

Other Expenses $543,215

TOTAL EXPENSES $543,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,853	$579,192	-0.3%
Expenses	$543,215	$532,785	+0.0%
Net Income	$-112,362	$46,407	-3.4%

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

Total Directors

$103,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LEE	Exec Director	30.00	Director	$0	$0	$103,046
DALE HAGLER	Vice President	4.00	Officer Director	$0	$0	$0
CHRISTINE GREBNER	Secretary	4.00	Officer Director	$0	$0	$0
MIKE BLAKESLY	President	4.00	Officer Director	$0	$0	$0
PAIGE RIZZOTTE	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM GAYHEART	BOARD MEMBER	2.00	Director	$0	$0	$0
Karol Hendley	Board Member	2.00	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	$430,853	$543,215	$3,803,803	$-112,362
2023	$579,192	$532,785	$3,974,315	$46,407
2022	$606,124	$510,182	$3,995,963	$95,942
2021	$421,715	$528,225	$3,509,841	$-106,510
2020	$398,698	$460,727	$3,662,585	$-62,029
2019	$563,880	$438,570	$3,761,335	$125,310
2018	$606,319	$453,231	$3,682,932	$153,088

HOMECROFT INC