HOMEWARD ANIMAL SHELTER INC (EIN 450284164) - 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

1966

Legal Domicile

Principal Officer

MIKE GJESDAHL

Phone

7012390077

Tax Period

2024-01-01 to 2024-12-31

HOMEWARD ANIMAL SHELTER INC, founded in 1966, is a community nonprofit in the Animal-Related sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 51% operating margin.

Mission

RESCUE. SHELTER. PROTECT. REHOME.

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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 $2,514,428

Program Service Revenue $167,087

Investment Income $86,394

Other Revenue $74,735

TOTAL REVENUE $2,842,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $754,937

Fundraising Expenses $186,218

Program Expenses $978,909

Other Expenses $631,505

TOTAL EXPENSES $1,386,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,842,644	$1,281,893	+1.2%
Expenses	$1,386,442	$1,327,661	+0.0%
Net Income	$1,456,202	$-45,768	-32.8%

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

Volunteers

275

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

$86,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GJESDAHL	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM FLAKOLL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM COLVILLE	DVM, EX-OFFICIO	2.00	Director	$0	$0	$0
NINA ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
KAYLA KALLANDER	TREASURER	2.00	Officer Director	$0	$0	$0
COREY BJERTNESS	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA BRANDT	DIRECTOR	2.00	Director	$0	$0	$0
ROGER GRESS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK KIRBY	DIRECTOR	2.00	Director	$0	$0	$0
GREG STEMEN	DIRECTOR	2.00	Director	$0	$0	$0
AMY RULEY	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN LUCHSINGER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN SHAWN	DIRECTOR	2.00	Director	$0	$0	$0
COREY BJERTNESS	DIRECTOR (LEFT MARCH 2024)	2.00	Director	$0	$0	$0
TASHA HAUG	EXECUTIVE DIRECTOR	40.00	Officer	$77,528	$9,315	$86,843

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	$2,842,644	$1,386,442	$3,430,252	$1,456,202
2023	$1,281,893	$1,327,661	$1,463,926	$-45,768
2022	$1,284,017	$1,093,270	$1,390,514	$190,747
2021	$1,033,272	$953,662	$1,287,404	$79,610
2020	$1,313,949	$870,609	$1,186,551	$443,340
2019	$877,302	$932,054	$718,090	$-54,752
2019	$877,302	$932,054	$718,090	$-54,752
2018	$971,587	$957,924	$716,943	$13,663

HOMEWARD ANIMAL SHELTER INC