HUME THOMAS TUW FBO HUME HOME

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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

1921

Legal Domicile

Phone

5135345310

Tax Period

2024-04-01 to 2025-03-31

HUME THOMAS TUW FBO HUME HOME, founded in 1921, is a micro nonprofit in the Human Services sector that reported $25K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $23K left a modest 10% surplus.

Mission

ALL DISTRIBUTIONS ARE MADE TO HELP DEFRAY THE OPERATIONAL EXPENSES OF HUME HOME OF MUSKEGON (AN ORGANIZATION DESCRIBED INSECTION 509(A)(2) OF THE INTERNAL REVENUE CODE).

Program Service Accomplishments

Program 1

Expenses: $18,522

DISTRIBUTIONS TO THE NAMED CHARITY AS DIRECTED BY THE GOVERNING DOCUMENT.

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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 $0

Program Service Revenue $0

Investment Income $25,466

Other Revenue $0

TOTAL REVENUE $25,466

Expense Breakdown

Grants Paid $16,281

Salaries & Benefits $5,140

Fundraising Expenses $0

Program Expenses $18,522

Other Expenses $1,587

TOTAL EXPENSES $23,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,466	$17,899	+0.4%
Expenses	$23,008	$22,253	+0.0%
Net Income	$2,458	$-4,354	-1.6%

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

N/A

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
FIFTH THIRD BANK N A	TRUSTEE	1.0		$5,140	$0	$5,140

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	$25,466	$23,008	$299,060	$2,458
2024	$17,899	$22,253	$296,604	$-4,354
2023	$19,891	$24,964	$300,960	$-5,073
2022	$19,581	$22,645	$306,031	$-3,064
2021	$20,574	$22,376	$309,105	$-1,802
2020	$39,155	$22,599	$310,905	$16,556
2019	$14,776	$28,680	$294,348	$-13,904