HOMER'S 242 INC

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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

2001

Legal Domicile

Principal Officer

BYRON WHETSTONE

Phone

9133816022

Tax Period

2024-07-01 to 2025-06-30

HOMER'S 242 INC, founded in 2001, is a small nonprofit in the Education sector that reported $475K in total revenue in fiscal year 2024.

Mission

HOMER'S COFFEE HOUSE HAS MADE ITS HOME IN DOWNTOWN OVERLAND PARK, KANSAS FOR OVER 20 YEARS. OUR MISSION IS TO SERVE OUR GUESTS EXCEPTIONAL COFFEE WITH UNUSUAL KINDNESS, FOSTER TRUE COMMUNITY, AND PRACTICE COMPASSION.

Program Service Accomplishments

Program 1

Expenses: $446,218 Revenue: $342,622

COFFEE IS REALLY IMPORTANT TO US. PROVIDING EXCEPTIONAL RESPONSIBLY SOURCED COFFEE IS THE STANDARD WE LIVE BY. SERVING IT WITH AN UNUSUAL KINDNESS IS THE SPIRIT WE LIVE BY.COMMUNITY IS CORE TO WHAT WE DO. WE ARE COMMITTED TO CREATING AN INCLUSIVE COMMUNITY ATMOSPHERE THAT IS A WELCOME AND INVITING PLACE FOR ALL. TO FOSTER COMMUNITY, WE HOST A VARIETY OF MEETINGS, SPEAKERS AND EVENTS ALONG WITH GREAT LIVE MUSIC. WE ALSO HOST HOMER'S HOUSE CHURCH, A SMALL BIBLICAL BASED CHURCH MEETING IN THE HOMER'S CONFERENCE ROOM EVERY SUNDAY AT 10AM, AS WELL AS A SERVICE FOR ACTS 2 CHURCH COMMUNITIES TO PUBLICLY GATHER ON THE FIRST SUNDAY OF EACH MONTH ("FIRST SUNDAYS") AT 10:30AM. (CONTINUED ON SCHEDULE O)COMPASSION IS THE HEART OF WHY WE EXIST. WE ARE RESOLVED TO HELPING SERVE THE NEEDY IN OUR COMMUNITY AND THE WORLD. ONE THING WE CAN ALL AGREE UPON IS HELPING THOSE IN NEED. OUR HOPE IS TO BRING PEOPLE TOGETHER THROUGH COMPASSIONATE ACTION.

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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 $132,534

Program Service Revenue $24,575

Investment Income $0

Other Revenue $318,047

TOTAL REVENUE $475,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,712

Fundraising Expenses $0

Program Expenses $446,218

Other Expenses $199,549

TOTAL EXPENSES $488,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,156	$447,185	+0.1%
Expenses	$488,261	$486,705	+0.0%
Net Income	$-13,105	$-39,520	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON WHETSTONE	EXECUTIVE DIRECTOR, PRESIDENT	12.00	Officer Director	$0	$0	$0
JERRI WHETSTONE	EXECUTIVE DIRECTOR, SECRETARY	1.00	Officer Director	$0	$0	$0
TYLER WHETSTONE	BOARD MEMBER	1.00	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
2025	$475,156	$488,261	$364,495	$-13,105
2024	$447,185	$486,705	$373,740	$-39,520
2023	$217,796	$244,386	$416,098	$-26,590
2022	$348,867	$350,616	$505,676	$-1,749
2021	$292,944	$291,577	$468,586	$1,367
2020	$377,320	$341,038	$484,771	$36,282
2019	$260,806	$277,335	$168,465	$-16,529
2018	$304,892	$287,471	$168,038	$17,421