THE HOMESTEAD AT BOULDER CITY INC (EIN 411887579) - 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

1996

Legal Domicile

Principal Officer

JOSEPH BUDZYNSKI

Phone

9529410305

Tax Period

2023-07-01 to 2024-06-30

THE HOMESTEAD AT BOULDER CITY INC, founded in 1996, is a micro nonprofit that reported $926K in total revenue in fiscal year 2023. Revenue fell 428% from the prior year — a significant decline worth monitoring.

Mission

ESTABLISHED IN 1896, VOLUNTEERS OF AMERICA IS A NATIONAL, NONPROFIT, FAITH-BASED ORGANIZATION PROVIDING SERVICES SUCH AS HOUSING AND HEALTHCARE TO MORE THAN 2 MILLION PEOPLE IN OVER 400 COMMUNITIES EACH YEAR. IN SUPPORT OF THAT MISSION, THE HOMESTEAD AT BOULDER CITY, INC. WAS ORGANIZED AND IS OPERATED TO ENGAGE IN, ADVANCE, SUPPORT, PROMOTE, AND ADMINISTER HEALTH AND HEALTH-RELATED SERVICES AND SUPPORTIVE SERVICES TO SENIORS AND DISABLED INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $315,389

Investment Income $-1,240,898

Other Revenue $0

TOTAL REVENUE $-925,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,970

Fundraising Expenses $0

Program Expenses $654,532

Other Expenses $578,980

TOTAL EXPENSES $670,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-925,509	$282,143	-4.3%
Expenses	$670,950	$964,568	-0.3%
Net Income	$-1,596,459	$-682,425	+1.3%

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

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

$2,435,514

Total Directors

$2,000,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	1.00	Officer Director	$0	$179,300	$825,085
BUDZYNSKI JOSEPH A	TREASURER	1.00	Officer Director	$0	$108,473	$449,025
KING KIMBERLY B	SECRETARY	1.00	Officer Director	$0	$72,837	$505,657
NISIVOCCIA DAVID	SECRETARY	1.00	Officer Director	$0	$4,998	$220,517
TURNBULL THOMAS	CHAIRPERSON	0.00	Officer Director	$0	$0	$0
CARRINGTONEDWINA	DIRECTOR	0.00	Director	$0	$0	$0
EDEBURN ANDY	DIRECTOR	0.00	Director	$0	$0	$0
MAHERTOM	DIRECTOR	0.00	Director	$0	$0	$0
MURPHY BARBARA	DIRECTOR	0.00	Director	$0	$0	$0
GAVIN NANCY A	ASST. SECRETARY/ASST. TREASURER	1.00	Officer	$0	$95,108	$275,370
NUTZ FAITH A	ASST. SECRETARY/ASST. TREASURER	1.00	Officer	$0	$20,965	$159,860

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	$-925,509	$670,950	$6,730	$-1,596,459
2023	$282,143	$964,568	$4,853,256	$-682,425
2022	$918,282	$1,992,895	$5,037,184	$-1,074,613
2021	$1,504,686	$2,358,694	$5,264,150	$-854,008
2020	$1,877,246	$2,862,826	$6,833,097	$-985,580
2019	$2,042,320	$2,806,406	$6,967,287	$-764,086
2018	$2,324,256	$2,887,399	$7,163,203	$-563,143

THE HOMESTEAD AT BOULDER CITY INC