VOLUNTEERS OF AMERICA HOMESTEAD 2000 INC (EIN 411945779) - 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

1999

Legal Domicile

Principal Officer

JOSEPH BUDZYNSKI

Phone

6124287800

Tax Period

2024-07-01 to 2025-06-30

VOLUNTEERS OF AMERICA HOMESTEAD 2000 INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $5.7M exceeded revenue, resulting in a 30% operating deficit.

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, VOLUNTEERS OF AMERICA HOMESTEAD 2000, 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 (2024)

Revenue Breakdown

Contributions & Grants $776

Program Service Revenue $4,368,276

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,369,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,586,143

Fundraising Expenses $0

Program Expenses $5,382,757

Other Expenses $1,097,334

TOTAL EXPENSES $5,683,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,369,052	$5,346,023	-0.2%
Expenses	$5,683,477	$5,418,946	+0.0%
Net Income	$-1,314,425	$-72,923	+17.0%

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

$3,457,899

Total Directors

$868,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	3.00	Officer Director	$0	$183,373	$868,407
RASE NANCY	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PERKINSDERRICK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ERICKSON KAREN	TREASURER	2.00	Officer Director	$0	$0	$0
HACKETT KAREN	SECRETARY	2.00	Officer Director	$0	$0	$0
ARNOLD PATTI	DIRECTOR	0.10	Director	$0	$0	$0
BLOOM SHAWN	DIRECTOR	0.10	Director	$0	$0	$0
KACKSON CARMEN	DIRECTOR	0.10	Director	$0	$0	$0
KNAPP KEITH	DIRECTOR	0.10	Director	$0	$0	$0
MULLEN BETH	DIRECTOR	0.10	Director	$0	$0	$0
PETERSON JEANNE	DIRECTOR	0.10	Director	$0	$0	$0
SHERIDAN PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
STRINGFELLOW JANET	DIRECTOR	0.10	Director	$0	$0	$0
TEJADA J WALTER	DIRECTOR	0.10	Director	$0	$0	$0
VIGEE VORIS	DIRECTOR	0.10	Director	$0	$0	$0
DESJARDINS PETER J	ASST. TREASURER/ASST. SEC(THRU 4/22/25)	3.00	Officer	$0	$40,506	$319,503
KING KIMBERLY B	ASST. TREASURER/ASST. SEC(THRU 7/31/24)	3.00	Officer	$0	$33,529	$256,810
PASKOFF DAVID W	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$17,960	$197,896
BUDZYNSKI JOSEPH A	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$116,809	$465,439
GAVIN NANCY A	ASST. SECRETARY/ASST. TRE(THRU 4/15/25)	3.00	Officer	$0	$87,852	$285,594
NUTZ FAITH A	ASST. SECRETARY/ASST. TRE	3.00	Officer	$0	$20,168	$169,200
NISIVOCCIA DAVID	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$74,234	$516,603
SOCZYNSKI PAUL F	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$30,221	$378,447
RIGSBY LUCINDA	REGISTERED NURSE	40.00	Highest	$170,443	$5,837	$176,280
TSAMASFYROS ELISE	PHYSICAL THERAPIST	40.00	Highest	$109,607	$709	$110,316
WHITBY TORI	LPN	40.00	Highest	$108,403	$2,766	$111,169
BOYD DUSTIN	PHYSICAL THERAPIST	40.00	Highest	$108,145	$6,397	$114,542
MUCHMORE MARGARET	OCCUPATIONAL THERAPIST	40.00	Highest	$104,884	$2,579	$107,463

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	$4,369,052	$5,683,477	$1,227,109	$-1,314,425
2024	$5,346,023	$5,418,946	$1,614,186	$-72,923
2023	$5,697,528	$5,632,916	$1,124,298	$64,612
2022	$6,102,033	$5,488,546	$1,311,500	$613,487
2021	$6,142,529	$6,142,108	$1,205,779	$421
2020	$5,806,380	$5,313,671	$939,221	$492,709
2019	$6,140,349	$6,139,520	$915,218	$829
2018	$6,088,437	$6,088,166	$995,726	$271

VOLUNTEERS OF AMERICA HOMESTEAD 2000 INC