HOMEAID AMERICA INC (EIN 330673009) - 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

1995

Legal Domicile

Principal Officer

SCOTT LARSON

Phone

9497771660

Tax Period

2024-01-01 to 2024-12-31

HOMEAID AMERICA INC, founded in 1995, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 4% surplus.

Mission

HOMEAID'S MISSION IS TO HELP PEOPLE EXPERIENCING OR AT RISK OF HOMELESSNESS BUILD NEW LIVES.

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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 $1,366,239

Program Service Revenue $145,133

Investment Income $47,293

Other Revenue $0

TOTAL REVENUE $1,558,665

Expense Breakdown

Grants Paid $148,647

Salaries & Benefits $915,287

Fundraising Expenses $156,134

Program Expenses $1,135,164

Other Expenses $434,079

TOTAL EXPENSES $1,498,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,558,665	$3,426,277	-0.5%
Expenses	$1,498,013	$2,837,873	-0.5%
Net Income	$60,652	$588,404	-0.9%

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

Volunteers

1121

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

$223,081

Total Directors

$223,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BALFOUR	DIRECTOR	0.50	Director	$0	$0	$0
KEN BALOGH	DIRECTOR	0.50	Director	$0	$0	$0
JASON BEHUNIN	DIRECTOR	0.50	Director	$0	$0	$0
ELENA BENNETT	DIRECTOR	0.50	Director	$0	$0	$0
BRAD BLANK	DIRECTOR	0.50	Director	$0	$0	$0
JULIE BRINKERHOFF-JACOBS	DIRECTOR	0.50	Director	$0	$0	$0
ANNE LAW	DIRECTOR	0.50	Director	$0	$0	$0
TONY CARDOZA	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS FARRELL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ADRIAN FOLEY	DIRECTOR	0.50	Director	$0	$0	$0
MIKE FORSUM	DIRECTOR	0.50	Director	$0	$0	$0
MITCH GOODMAN	DIRECTOR	0.50	Director	$0	$0	$0
DAN HANSON	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN M JAFFE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KOSCO	DIRECTOR	0.50	Director	$0	$0	$0
ALIM MALIK	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MEYERS	DIRECTOR	0.50	Director	$0	$0	$0
LIZ KERSHNER	DIRECTOR	0.50	Director	$0	$0	$0
JAY MOSS	DIRECTOR	0.50	Director	$0	$0	$0
SHERYL PALMER	DIRECTOR	0.50	Director	$0	$0	$0
KAREN ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
MIKE ROBIDOUX	DIRECTOR	0.50	Director	$0	$0	$0
JEFF ROOS	CHAIRMAN	3.00	Officer Director	$0	$0	$0
BERT SELVA	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT STOWELL	DIRECTOR	0.50	Director	$0	$0	$0
STACIE SUNDEM	DIRECTOR	0.50	Director	$0	$0	$0
ALAN UMALY	DIRECTOR	0.50	Director	$0	$0	$0
CINDY QUINEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
RUSS BEYMER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTYN BURR	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LARSON	CEO	40.00	Officer Director	$192,150	$30,931	$223,081
SUE SICHLER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SINGELYN	DIRECTOR	0.50	Director	$0	$0	$0
HOPE MARIE SNEED	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN ARNETT	CHIEF EXPANSION OFFICER	40.00	Highest	$126,294	$2,321	$128,615
MARISOL PARAND	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$133,969	$9,297	$143,266
LYNN TADLOCK	FINANCE MANAGER	40.00	Highest	$111,545	$8,940	$120,485

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	$1,558,665	$1,498,013	$2,282,753	$60,652
2023	$3,426,277	$2,837,873	$2,281,876	$588,404
2022	$1,392,557	$1,414,727	$1,600,753	$-22,170
2021	$1,852,908	$1,859,063	$1,661,308	$-6,155
2020	$1,050,640	$1,191,247	$1,639,650	$-140,607
2019	$1,749,140	$1,223,547	$1,751,717	$525,593
2018	$1,014,560	$857,798	$1,137,613	$156,762

HOMEAID AMERICA INC