Homes are Possible Inc (EIN 460458578) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

6052254274

Tax Period

2023-10-01 to 2024-09-30

Homes are Possible Inc, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $990K in total revenue in fiscal year 2017. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $387K, a strong 39% operating margin.

Mission

Facilitate and assist low and moderate income persons and families in securing good quality homes.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,583,469

Program Service Revenue $12,450

Investment Income $64,476

Other Revenue $2,706,441

TOTAL REVENUE $4,366,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,261

Fundraising Expenses $0

Program Expenses $3,609,788

Other Expenses $3,444,127

TOTAL EXPENSES $3,760,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,366,836	$1,476,888	+2.0%
Expenses	$3,760,388	$778,738	+3.8%
Net Income	$606,448	$698,150	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$120,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darin Beckius	Executive Direc	40.00	Officer	$115,969	$4,519	$120,488
Rodney Fouberg	Director	0.50	Director	$0	$0	$0
Spencer Sommers	Director	0.50	Director	$0	$0	$0
Brenda Waage	Director	0.50	Director	$0	$0	$0
Jennifer Slaight-Hansen	Director	0.50	Director	$0	$0	$0
Clarence Fjeldheim	Director	0.50	Director	$0	$0	$0
Rich Rovang	Director	0.50	Director	$0	$0	$0
Bruce Jones	Director	0.50	Director	$0	$0	$0
Gary Deibert	Director	0.50	Director	$0	$0	$0
Lonnie Anderson	Past Chair	0.50	Director	$0	$0	$0
Mike Brumbaugh	Director	0.50	Director	$0	$0	$0
Chris Frost	Director	0.50	Director	$0	$0	$0
Craig Mickelson	Director	0.50	Director	$0	$0	$0
Brent Heinert	Vice Chairman	0.50	Officer	$0	$0	$0
Cindi Walsh	Treasurer	0.50	Officer	$0	$0	$0
Barb Grosz	Chairman	0.50	Officer	$0	$0	$0
Ann Langbehn	Secretary	0.50	Officer	$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	$4,366,836	$3,760,388	$8,683,625	$606,448
2023	$1,476,888	$778,738	$7,443,167	$698,150
2022	$1,269,943	$864,835	$6,668,075	$405,108
2021	$1,765,321	$599,050	$6,318,038	$1,166,271
2020	$691,744	$755,897	$5,488,680	$-64,153
2019	$1,597,096	$583,815	$5,172,992	$1,013,281
2018	$989,616	$602,610	$4,178,895	$387,006

Homes are Possible Inc