HOMEWOOD FOUNDATION INC (EIN 521892689) - 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

1994

Legal Domicile

Principal Officer

WENDY S CRAMPTON

Phone

3015821626

Tax Period

2023-01-01 to 2023-12-31

HOMEWOOD FOUNDATION INC, founded in 1994, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 61% operating margin.

Mission

TO PROVIDE COMPASSIONATE, PROFESSIONAL, CARING SERVICE TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, CLIENTS AND CO-WORKERS. THE HOMEWOOD FOUNDATION IS PROUD TO SERVE RESIDENTS LIVING WITHIN HOMEWOOD RETIREMENT COMMUNITIES. OUR EFFORTS REVOLVE AROUND SECURING CHARITABLE SUPPORT FOR THREE AREAS OF FOCUS: BENEVOLENT CARE FOR HOMEWOOD RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES CAPITAL CAMPAIGNS FOR COMMUNITY ENHANCEMENTS SPECIAL PROJECTS AND ACTIVITIES WITHIN THE HOMEWOOD COMMUNITIES

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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 $1,617,991

Program Service Revenue $0

Investment Income $522,622

Other Revenue $792,517

TOTAL REVENUE $2,933,130

Expense Breakdown

Grants Paid $316,011

Salaries & Benefits $615,364

Fundraising Expenses $647,054

Program Expenses $316,742

Other Expenses $220,562

TOTAL EXPENSES $1,151,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,933,130	$5,586,499	-0.5%
Expenses	$1,151,937	$1,217,794	-0.1%
Net Income	$1,781,193	$4,368,705	-0.6%

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

$2,777,949

Total Directors

$985,629

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAD D ROTHROCK	PARENT PRESI	1.00	Officer Director	$0	$127,465	$985,629
RICHARD P MILLER	VP OPERATION	1.00	Officer	$0	$51,889	$572,736
WENDY S CRAMPTON	TREASURER/VP	1.00	Officer	$0	$61,374	$539,697
LINFORD J YODER	VP-HUMAN RES	0.00	Officer	$0	$41,176	$348,377
PAT O'TOOLE	SECRETARY	40.00	Officer	$294,561	$36,949	$331,510
DOUGLAS BECKER	DIRECTOR	1.00	Director	$0	$0	$0
JUDY WINFIELD HANCOCK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARL MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
RICK SMITH	CHAIR	1.00	Officer 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	$2,933,130	$1,151,937	$17,986,820	$1,781,193
2022	$5,586,499	$1,217,794	$16,258,510	$4,368,705
2021	$4,261,198	$1,440,228	$13,865,515	$2,820,970
2020	$1,998,074	$28,067,773	$10,318,447	$-26,069,699
2019	$3,842,041	$1,974,738	$52,051,805	$1,867,303
2018	$3,458,164	$1,956,960	$43,975,381	$1,501,204

HOMEWOOD FOUNDATION INC