HOMEWARD INC (EIN 421462996) - 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

TIM MARIENAU

Phone

7127929914

Tax Period

2023-01-01 to 2023-12-31

HOMEWARD INC, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $60K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $114K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO PROVIDE ASSISTANCE TO COMMUNITIES AND ORGANIZATIONS IN THE DEVELOPMENT AND CONSTRUCTION OF RESIDENTIAL HOUSING IN RURAL AREAS OF IOWA, AND TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREAS IN IOWA.

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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 $22,071

Investment Income $37,563

Other Revenue $0

TOTAL REVENUE $59,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,056

Other Expenses $113,990

TOTAL EXPENSES $113,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,634	$599,176	-0.9%
Expenses	$113,990	$565,695	-0.8%
Net Income	$-54,356	$33,481	-2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MARIENAU	PRESIDENT	2.00	Officer Director	$0	$0	$0
CRAIG CODNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM GOSSETT	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE GEERDES	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
GARRETT THOMPSON	TREASURER	1.50	Officer Director	$0	$0	$0
JON LEERAR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MCKIM	DIRECTOR	1.00	Director	$0	$0	$0
KEATON HILDRETH	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$59,634	$113,990	$2,322,760	$-54,356
2022	$599,176	$565,695	$2,376,665	$33,481
2021	$316,919	$370,427	$2,408,195	$-53,508
2020	$405,394	$415,424	$2,460,143	$-10,030
2019	$471,132	$454,778	$2,476,854	$16,354
2018	$409,363	$410,266	$2,459,181	$-903

HOMEWARD INC