HOMER'S 242 INC (EIN 481241015) - 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

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

SERVE GUESTS EXCEPTIONAL COFFEE WITH KINDNESS, FOSTER TRUE COMMUNITY, AND PRACTICE COMPASSION.

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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

HOMER'S 242 INC