HOMESTEAD SCHOOLS INC (EIN 330499514) - 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

Vijay Fadia

Phone

3107919975

Tax Period

2023-01-01 to 2023-12-31

HOMESTEAD SCHOOLS INC, founded in 1991, is a community nonprofit in the Unknown sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 35% operating margin.

Mission

The organization provides professional educational programs and educational materials in the areas of nursing, dentistry, psychiatry, and other allied medical professional programs.

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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 $4,567,243

Investment Income $2,381,385

Other Revenue $504,565

TOTAL REVENUE $7,453,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,387,667

Fundraising Expenses $0

Program Expenses $4,528,622

Other Expenses $2,437,355

TOTAL EXPENSES $4,825,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,453,193	$3,756,749	+1.0%
Expenses	$4,825,022	$4,965,278	0.0%
Net Income	$2,628,171	$-1,208,529	-3.2%

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

$232,923

Total Directors

$232,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rafael Tolentino	Chief Academic Off	40.00		$242,485	$0	$242,485
VIJAY FADIA	President	40.00	Officer Director	$150,000	$0	$150,000
Rebecca Manansala	N/A	0.00		$143,220	$0	$143,220
Adelwisa Blanco	Nursing Director	40.00		$139,830	$0	$139,830
Jell Marlon A Tacandong	ADMIN OFFICER	40.00		$139,433	$0	$139,433
Donald Laurino	N/A	0.00		$116,407	$0	$116,407
CHRISTY MAGLES	Secretary	40.00	Officer Director	$0	$0	$82,923
CHARLES STANTON	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	No data	No data	No data	No data
2023	$7,453,193	$4,825,022	$16,233,914	$2,628,171
2022	$3,756,749	$4,965,278	$14,624,793	$-1,208,529
2021	$5,635,224	$3,371,472	$14,672,452	$2,263,752
2020	$2,435,502	$2,931,702	$11,676,728	$-496,200
2019	$6,518,739	$4,013,820	$15,951,392	$2,504,919
2018	$823,785	$3,737,724	$10,237,062	$-2,913,939

HOMESTEAD SCHOOLS INC