HOMEWARD BOUND FOUNDATION (EIN 411773223) - 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

1993

Legal Domicile

Principal Officer

ROBERT EDWARDS

Phone

7637464830

Tax Period

2024-01-01 to 2024-12-31

HOMEWARD BOUND FOUNDATION, founded in 1993, is a small nonprofit that reported $165K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $1.2M represent 86 months of operating reserves.

Mission

PROVIDING RESOURCES TO HELP PEOPLE WITH COMPLEX DISABILITIES LIVE THEIR LIVES WITH DIGNITY.

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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 $77,961

Program Service Revenue $0

Investment Income $45,350

Other Revenue $41,761

TOTAL REVENUE $165,072

Expense Breakdown

Grants Paid $79,129

Salaries & Benefits $64,983

Fundraising Expenses $0

Program Expenses $79,129

Other Expenses $16,610

TOTAL EXPENSES $160,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,072	$188,581	-0.1%
Expenses	$160,722	$170,925	-0.1%
Net Income	$4,350	$17,656	-0.8%

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

$361,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BERGESON	CHAIR	40.00	Officer Director	$0	$0	$0
DAN ETZEL	VICE CHAIR	40.00	Officer Director	$0	$0	$0
JILL TIES	TREASURER/SECRETARY	0.50	Officer Director	$0	$0	$0
ROSS BRINK	DIRECTOR	0.25	Director	$0	$0	$0
PEGGY NEALE	DIRECTOR	0.25	Director	$0	$0	$0
DICK MORRIS	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT EDWARDS	CEO	0.30	Officer	$0	$9,409	$167,868
DONALD PRIEBE	CEO (THRU MAY 2024)	0.30	Officer	$0	$5,525	$73,122
THERESA BLUHM	DIRECTOR OF FINANCE & PROPERTY	0.10	Officer	$0	$15,570	$120,408

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	$165,072	$160,722	$1,219,183	$4,350
2023	$188,581	$170,925	$1,134,722	$17,656
2022	$212,371	$138,262	$1,028,217	$74,109
2021	$206,732	$258,562	$1,178,699	$-51,830
2020	$77,576	$159,902	$1,251,361	$-82,326
2019	$198,432	$125,084	$1,136,454	$73,348
2018	$185,084	$123,797	$982,435	$61,287

HOMEWARD BOUND FOUNDATION