FOUNDATION FOR HOMAN SQUARE F/K/A HOMAN ARTHINGTON FOUNDATION (EIN 364032118) - 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

2012

Legal Domicile

Principal Officer

SUZA LEAO-REUTER

Phone

6309908990

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR HOMAN SQUARE F/K/A HOMAN ARTHINGTON FOUNDATION, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 110% operating deficit.

Mission

FACILITATE, ENCOURAGE, AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOMEOWNERSHIP, COMMUNITY REDEVELOPMENT, AND OTHER CHARITABLE ACTIVITIES.

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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 $158,330

Program Service Revenue $1,352,343

Investment Income $23,500

Other Revenue $111,747

TOTAL REVENUE $1,645,920

Expense Breakdown

Grants Paid $1,983

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,954,402

Other Expenses $3,460,361

TOTAL EXPENSES $3,462,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,645,920	$1,200,066	+0.4%
Expenses	$3,462,344	$2,950,099	+0.2%
Net Income	$-1,816,424	$-1,750,033	+0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA PALMS BARBER	MEMBER	1.00	Director	$0	$0	$0
DEBORAH MOORE	MEMBER	1.00	Director	$0	$0	$0
KRISTIN DEAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL COFFEY	MEMBER	1.00	Director	$0	$0	$0
RODNEY JONES-TYSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHEILA MCNARY	MEMBER	1.00	Director	$0	$0	$0
YVONNE SHIELDS	MEMBER	1.00	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	$1,645,920	$3,462,344	$51,891,398	$-1,816,424
2022	$1,200,066	$2,950,099	$53,996,446	$-1,750,033
2021	$595,152	$2,802,782	$54,401,523	$-2,207,630
2020	$1,793,014	$2,951,544	$56,228,741	$-1,158,530
2019	$1,778,625	$2,968,557	$57,033,815	$-1,189,932
2018	$1,153,302	$3,473,421	$52,795,685	$-2,320,119

FOUNDATION FOR HOMAN SQUARE F/K/A HOMAN ARTHINGTON FOUNDATION