HOMEWOOD AT FREDERICK MD INC

EIN: 521931794 501(c)(3) Human Services

WILLIAMSPORT, MD

Total Revenue
$44,879,202
Total Expenses
$40,581,003
Total Assets
$227,972,047
Net Assets
$56,260,670
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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
1995
Legal Domicile
MD
Principal Officer
WENDY S CRAMPTON
Phone
3015821626
Tax Period
2023-01-01 to 2023-12-31

HOMEWOOD AT FREDERICK MD INC, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $44.9M in total revenue in fiscal year 2023. Expenses of $40.6M left a modest 10% surplus.

Mission

TO PROVIDE COMPASSIONATE, PROFESSIONAL, CARING SERVICE TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, CLIENTS AND CO-WORKERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,573
Program Service Revenue $42,943,614
Investment Income $1,338,012
Other Revenue $590,003
TOTAL REVENUE $44,879,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,959,124
Fundraising Expenses $3,299
Program Expenses $36,104,273
Other Expenses $23,621,879
TOTAL EXPENSES $40,581,003

Year-over-Year Comparison

2023 2022 Change
Revenue $44,879,202 $43,395,453 +0.0%
Expenses $40,581,003 $38,341,415 +0.1%
Net Income $4,298,199 $5,054,038 -0.1%
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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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
279

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
5
$2,446,439
Total Directors
6
$572,736
Key Employees
1
$209,397
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THAD ROTHROCK PARENT PRESI 0.00
Officer
$0 $127,465 $985,629
RICHARD P MILLER PRES./VP OPE 1.00
Officer Director
$0 $51,889 $572,736
WENDY S CRAMPTON SEC/TREAS/VP 1.00
Officer
$0 $61,374 $539,697
LINFORD J YODER VP-HUMAN RES 0.00
Officer
$0 $41,176 $348,377
KAREN G MAIN EXECUTIVE DI N/A
Key Emp
$189,302 $20,095 $209,397
VICKI L KERIAKOS DIRECTOR OF N/A
Highest
$147,556 $29,308 $176,864
MARGARET CLIBER MARKETING DI N/A
Highest
$120,536 $27,970 $148,506
RHONDA E EARLEY QUALITY ASSU N/A
Highest
$124,748 $15,108 $139,856
ANGELA M HILDEBRAND ADON N/A
Highest
$118,478 $21,343 $139,821
EMELIA BOADU TEAM LEADER- N/A
Highest
$124,058 $15,060 $139,118
PHIL BOWERS DIRECTOR 1.00
Director
$0 $0 $0
KARL MORRIS CHAIR 1.00
Officer Director
$0 $0 $0
KEN NOREEN DIRECTOR 1.00
Director
$0 $0 $0
DERRICK PERRY DIRECTOR 1.00
Director
$0 $0 $0
BRUCE ROBERTSON DIRECTOR 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
2024 No data No data No data No data
2023 $44,879,202 $40,581,003 $227,972,047 $4,298,199
2022 $43,395,453 $38,341,415 $212,204,655 $5,054,038
2021 $36,512,665 $35,796,026 $186,437,366 $716,639
2020 $38,541,911 $36,394,580 $164,193,661 $2,147,331
2019 $37,293,069 $34,825,259 $152,909,198 $2,467,810
2018 $35,699,905 $33,121,416 $146,925,654 $2,578,489
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