FSL HOME IMPROVEMENTS INC (EIN 383649930) - 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

2002

Legal Domicile

Principal Officer

TAMARA BOHANNON

Phone

6022851800

Tax Period

2022-07-01 to 2023-06-30

FSL HOME IMPROVEMENTS INC, founded in 2002, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HOME AND COMMUNITY-BASED SERVICES AND DEVELOP ENERGY-EFFICIENT, AFFORDABLE HOUSING TO PROMOTE HEALTH, INDEPENDENCE AND DIGNITY FOR ALL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,519,594

Program Service Revenue $13,468,876

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,988,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,949,270

Fundraising Expenses $0

Program Expenses $13,206,301

Other Expenses $12,733,659

TOTAL EXPENSES $14,682,929

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,988,470	$19,530,498	-0.2%
Expenses	$14,682,929	$18,796,580	-0.2%
Net Income	$305,541	$733,918	-0.6%

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

N/A

Employees

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

$604,342

Total Directors

$604,342

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TAMARA BOHANNON	CEO & PRESIDENT	Officer Director	$0	$0	$195,723
STEVE HASTINGS	CHIEF OF REAL ESTATE & VICE PRESIDENT	Officer Director	$0	$8,136	$199,228
BLANCA RUIZ	TREASUER	Officer Director	$0	$12,119	$115,340
DAVID PADDISON	CFO & SECRETARY	Officer Director	$0	$0	$94,051

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,988,470	$14,682,929	$3,204,159	$305,541
2022	$19,530,498	$18,796,580	$5,773,976	$733,918
2021	$12,640,970	$11,841,862	$1,678,709	$799,108
2020	$7,729,141	$7,723,850	$1,605,985	$5,291
2019	$5,827,367	$5,867,275	$1,009,668	$-39,908
2018	$5,798,246	$5,677,390	$1,496,737	$120,856

FSL HOME IMPROVEMENTS INC