Home Educators Resource Organization

EIN: 411862926 501(c)(3)

North St Paul, MN

Total Revenue
$321,780
Total Expenses
$759,762
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
Principal Officer
Tom Wahlberg
Phone
6514852572
Tax Period
2024-01-01 to 2024-12-31

Home Educators Resource Organization, founded in 1996, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $760K exceeded revenue, resulting in a 136% operating deficit.

Mission

PROVIDE RESOURCES FOR HOMESCHOOLERS AND TEACHING PARENTS

Program Service Accomplishments

Program 1
Expenses: $633,929

Home Educators Resource Organization (HERO) provides weekly learning activities and classes for home educated students and teaching parents in the Minneapolis/St Paul, Minnesota area. Its mission is...

Read more

Home Educators Resource Organization (HERO) provides weekly learning activities and classes for home educated students and teaching parents in the Minneapolis/St Paul, Minnesota area. Its mission is designed to provide a threefold educational opportunity to home schooling families. First, The Organization offers many of the normal educational studies provided by traditional schooling (mathmatics, science, literature, etc.). Second, HERO provides homeschoolers with many creative arts opportunities that are often unavailable to homeschoolers (band, drama, art, etc.). Third, HERO offers a controlled socialization opportunity that is often missing in the lives of many home schooled children.The other dimension in the outreach of HERO is in supporting the teaching parent, by developing their own skills in teaching as their student matures. These ongoing educational opportunities are as important to the teaching parent (Continued on Schedule O)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $897
Program Service Revenue $310,445
Investment Income $10,398
Other Revenue $40
TOTAL REVENUE $321,780

Expense Breakdown

Grants Paid $349,904
Salaries & Benefits $82,177
Fundraising Expenses $48
Program Expenses $633,929
Other Expenses $327,681
TOTAL EXPENSES $759,762

Year-over-Year Comparison

2024 2023 Change
Revenue $321,780 $687,182 -0.5%
Expenses $759,762 $651,077 +0.2%
Net Income $-437,982 $36,105 -13.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
200

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
3
$67,200
Total Directors
3
$67,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jayne Wahlberg Administrator 60.00
Officer Director
$67,200 $0 $67,200
Tom Wahlberg Treasurer 15.00
Officer Director
$0 $0 $0
Sally Grossman SecretaryLegal Advisor 2.00
Officer 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 $321,780 $759,762 No data $-437,982
2023 $687,182 $651,077 $444,620 $36,105
2022 $706,619 $635,288 $408,259 $71,331
2021 $585,052 $474,894 $333,896 $110,158
2020 $444,032 $433,546 $223,810 $10,486
2019 $487,710 $462,771 $215,985 $24,939
2018 $458,605 $443,132 $190,416 $15,473
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Home Educators Resource Organization with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.