First Home Alliance Inc (EIN 320026605) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Larry J Laws SR

Phone

7035808838

Tax Period

2023-01-01 to 2023-12-31

First Home Alliance Inc, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $216K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $256K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Organization provides homebuyer education programs in financial literacy, introduction to home ownership, foreclosure prevention, loss mitigation and one on one counseling.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $852,284

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $852,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $490,303

Fundraising Expenses $0

Program Expenses $858,733

Other Expenses $422,948

TOTAL EXPENSES $913,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$852,284	$646,062	+0.3%
Expenses	$913,251	$789,060	+0.2%
Net Income	$-60,967	$-142,998	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Laws	Executive Director	040.00	Officer Director Key Emp Highest	$0	$0	$0
Donald Scoggins	Chairman of the Board	001.00	Officer Director	$0	$0	$0
Duwan Cratch	Secretary	001.00	Officer Director	$0	$0	$0
Shauna Davey	Treasurer	001.00	Officer Director	$0	$0	$0
Thomas Hunt	Director	001.00	Director	$0	$0	$0
Lori WIllis	Director	001.00	Director	$0	$0	$0
Netta Ayesh	Director	001.00	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	No data	No data	No data	No data
2023	$852,284	$913,251	$68,012	$-60,967
2022	$646,062	$789,060	$53,259	$-142,998
2021	$342,715	$454,205	$9,180	$-111,490
2020	$484,838	$432,435	$62,839	$52,403
2019	$237,056	$202,074	$38,997	$34,982
2018	$216,110	$256,021	$15,755	$-39,911

First Home Alliance Inc