HSLDA ACTION (EIN 541719605) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JAMES R MASON

Phone

5403385600

Tax Period

2024-04-01 to 2025-03-31

HSLDA ACTION, founded in 1983, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2020. Revenue surged 85% from the prior year, signaling strong growth momentum. Net assets of $8.7M represent 40 months of operating reserves.

Mission

HSLDA Action is an educational and lobbying organization established to promote homeschooling.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,139

Program Service Revenue $1,400,845

Investment Income $55,563

Other Revenue $1,068,806

TOTAL REVENUE $2,630,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,023,402

Fundraising Expenses $197,908

Program Expenses $2,655,095

Other Expenses $979,758

TOTAL EXPENSES $3,003,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,630,353	$2,281,581	+0.2%
Expenses	$3,003,160	$3,297,490	-0.1%
Net Income	$-372,807	$-1,015,909	-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

Volunteers

113

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

$1,091,336

Total Directors

$389,571

Key Employees

$161,954

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael P Farris	Chairman	1.00	Officer Director	$0	$0	$0
Michael J Smith	Vice Chair	1.00	Director	$0	$0	$35,688
Abraham Hamilton III	Director	1.00	Director	$0	$0	$0
Aaron Fessler	Treasurer	1.00	Officer Director	$0	$0	$0
Joseph Bailey	Secretary	1.00	Officer Director	$0	$0	$0
Rodger Sayre	Director	1.00	Director	$0	$0	$0
Heidi St John	Director	1.00	Director	$0	$0	$0
Jim Mason	President Director	3.00	Officer Director	$0	$46,204	$353,883
Charles Hurst	Vice President of Administration	2.00	Officer	$0	$33,770	$252,330
Steven Oberlander	Vice President of Finance and Technology	8.00	Officer	$0	$34,816	$251,664
Suzanne Stephens	Vice President of Communications and Marketing	2.00	Officer	$0	$25,035	$233,459
Peter Kamakawiwoole	Director of Litigation	1.00	Highest	$0	$34,741	$194,918
Scott Woodruff	Director of Legal and Legislative Advocacy	1.00	Highest	$0	$32,667	$238,368
Kevin Boden	Director of Global Outreach	1.00	Highest	$0	$34,591	$205,398
Darren Jones	Senior Counsel and Director of Group Services	1.00	Highest	$0	$34,152	$198,771
Thomas Schmidt	Senior Counsel	1.00	Highest	$0	$35,081	$197,527
Joel Grewe	Executive Director	38.00	Key Emp	$129,942	$32,012	$161,954

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	$2,630,353	$3,003,160	$8,443,332	$-372,807
2024	$2,281,581	$3,297,490	$8,768,850	$-1,015,909
2023	$1,551,328	$2,151,032	$9,364,468	$-599,704
2022	$1,602,330	$1,977,541	$8,835,971	$-375,211
2021	$2,613,272	$2,596,692	$8,925,052	$16,580

HSLDA ACTION