KANSAS HOMESTEAD REHABILITATION CORP (EIN 486107537) - 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

1974

Legal Domicile

Principal Officer

LARRY G KARNS

Tax Period

2023-01-01 to 2023-12-31

KANSAS HOMESTEAD REHABILITATION CORP, founded in 1974, is a small nonprofit that reported $275K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $8.2M represent 358 months of operating reserves.

Mission

PROVIDE FINANCIAL ASSISTANCE TO FARMERS

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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 $0

Program Service Revenue $152,440

Investment Income $122,460

Other Revenue $0

TOTAL REVENUE $274,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,599

Fundraising Expenses $0

Program Expenses $289,370

Other Expenses $110,771

TOTAL EXPENSES $289,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,900	$215,967	+0.3%
Expenses	$289,370	$238,416	+0.2%
Net Income	$-14,470	$-22,449	-0.4%

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

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

$107,172

Total Directors

Key Employees

$67,917

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY A SHEPHERD	CHIEF EXECUTIVE OFFICER	40.00	Officer Key Emp	$67,917	$0	$67,917
LARRY G KARNS	PRESIDENT	10.00	Officer	$24,255	$0	$24,255
KENNETH M WILKE	SECRETARY	10.00	Officer	$12,000	$0	$12,000
JERRY E DRISCOLL	TREASURER	5.00	Officer	$3,000	$0	$3,000
THAYNE A LARSON	DIRECTOR	5.00	Director	$0	$0	$0
DONALD L JACKA JR	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$274,900	$289,370	$8,203,527	$-14,470
2022	$215,967	$238,416	$8,417,043	$-22,449
2021	$236,329	$187,261	$8,237,074	$49,068
2020	$266,350	$182,505	$8,188,005	$83,845
2019	$361,168	$240,493	$8,104,160	$120,675
2018	$286,976	$184,512	$7,983,485	$102,464

KANSAS HOMESTEAD REHABILITATION CORP