Home-Based Services Initiative LLC (EIN 455209647) - 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

2012

Legal Domicile

Principal Officer

David Trost

Phone

4066555600

Tax Period

2023-01-01 to 2023-12-31

Home-Based Services Initiative LLC, founded in 2012, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 10% surplus.

Mission

A Medicare certified home health and hospice agency serving Yellowstone County MT.

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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 $15,720

Program Service Revenue $4,378,345

Investment Income $4,873

Other Revenue $29,289

TOTAL REVENUE $4,428,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,676,613

Fundraising Expenses $0

Program Expenses $3,199,442

Other Expenses $1,289,109

TOTAL EXPENSES $3,965,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,428,227	$3,835,718	+0.2%
Expenses	$3,965,722	$3,671,955	+0.1%
Net Income	$462,505	$163,763	+1.8%

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

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

$539,424

Total Directors

$417,849

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Trost	President	1.00	Officer Director	$0	$126,743	$231,527
Jerry Pearsall	Treasurer	2.00	Officer Director	$0	$111,570	$186,322
Karna Rhodes	Director	0.30	Director	$0	$0	$0
Tyler Amundson	Director	0.30	Director	$0	$0	$0
Chad Miller	Director (May - Dec)	0.30	Director	$0	$0	$0
Craig Lambrecht	Director (Sept - Dec)	0.30	Director	$0	$0	$0
Clint Seger	Director (Jan - Aug)	0.30	Director	$0	$0	$0
Catharine Rivera	Administrator	40.00	Officer	$0	$2,384	$121,575

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	$4,428,227	$3,965,722	$1,361,172	$462,505
2022	$3,835,718	$3,671,955	$1,567,492	$163,763
2021	$4,151,292	$3,238,834	$1,927,537	$912,458
2020	$3,735,629	$3,103,862	$1,751,360	$631,767

Home-Based Services Initiative LLC