HOMEWARD BOUND INC (EIN 411223085) - 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

1973

Legal Domicile

Principal Officer

ROBERT EDWARDS

Phone

7635253186

Tax Period

2024-01-01 to 2024-12-31

HOMEWARD BOUND INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $20.5M in total revenue in fiscal year 2024.

Mission

PROVIDE INNOVATIVE, LIFE- ENRICHING SERVICES FOR INDIVIDUALS WITH DISABILITIES.

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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 $202,935

Program Service Revenue $20,220,551

Investment Income $109,107

Other Revenue $0

TOTAL REVENUE $20,532,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,866,899

Fundraising Expenses $171,787

Program Expenses $16,466,785

Other Expenses $3,230,480

TOTAL EXPENSES $20,097,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,532,593	$19,103,964	+0.1%
Expenses	$20,097,379	$19,965,653	+0.0%
Net Income	$435,214	$-861,689	-1.5%

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

394

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

$361,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN SHERWOOD	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN RYMANOWSKI	VICE CHAIR/CHAIR OF GOVERNANCE	1.00	Officer Director	$0	$0	$0
PAUL CHERMAK	TREASURER	0.50	Officer Director	$0	$0	$0
TERRY SEVERNS- WILLIAMS	SECRETARY/ CHAIR OF QUALITY	0.50	Officer Director	$0	$0	$0
WOLFGANG GRIENER	CHAIR OF INVESTMENT	0.50	Officer Director	$0	$0	$0
MARY YSTESUND	DIRECTOR	0.50	Director	$0	$0	$0
JAN MOSER	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA NELSON	DIRECTOR	0.50	Director	$0	$0	$0
PAT HURLEY	DIRECTOR	0.50	Director	$0	$0	$0
JIM SCHAEFER	DIRECTOR	0.50	Director	$0	$0	$0
JACK MCCLURE	DIRECTOR	0.50	Director	$0	$0	$0
TALIA PLETCHER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT EDWARDS	CEO	40.00	Officer	$158,459	$9,409	$167,868
DONALD PRIEBE	CEO - PART YEAR	40.00	Officer	$67,597	$5,525	$73,122
THERESA BLUHM	DIRECTOR OF FINANCE & PROPERTY	40.00	Officer	$104,838	$15,570	$120,408
RICHARD GETONTO	NURSE	40.00	Highest	$183,865	$9,585	$193,450
CONCEPHTOR NYAKEYO	NURSE	40.00	Highest	$183,018	$10,847	$193,865
WYCKLIF OGOTI	PROGRAM MANAGER/RNCM- NURSE	40.00	Highest	$185,610	$11,135	$196,745
TEAH GELEPLAY	NURSE	40.00	Highest	$171,757	$13,310	$185,067
VINCENT MAGETO	NURSE	40.00	Highest	$165,445	$506	$165,951

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	$20,532,593	$20,097,379	$12,204,653	$435,214
2023	$19,103,964	$19,965,653	$11,781,534	$-861,689
2022	$21,134,110	$20,564,728	$10,092,679	$569,382
2021	$20,805,285	$19,497,071	$9,682,680	$1,308,214
2020	$17,501,323	$18,520,973	$10,697,858	$-1,019,650
2019	$15,994,700	$16,488,325	$9,419,495	$-493,625
2018	$15,885,980	$15,619,868	$10,064,054	$266,112

HOMEWARD BOUND INC