HOMEOWNERSHIP CENTER INC (EIN 550760268) - 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

1998

Legal Domicile

Principal Officer

CARRIE ALLENDER

Phone

3046369115

Tax Period

2024-10-01 to 2025-09-30

HOMEOWNERSHIP CENTER INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $491K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 28% operating margin.

Mission

PROVIDING ALL ASPECTS OF HOMEOWNERSHIP SERVICES TO AREA FAMILIES

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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 $383,601

Program Service Revenue $53,738

Investment Income $41,510

Other Revenue $12,122

TOTAL REVENUE $490,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,115

Fundraising Expenses $0

Program Expenses $231,889

Other Expenses $145,841

TOTAL EXPENSES $353,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,971	$402,735	+0.2%
Expenses	$353,956	$413,556	-0.1%
Net Income	$137,015	$-10,821	-13.7%

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

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

$39,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SOLBERG	MEMBER	2.00	Director	$0	$0	$0
LISA SHAFFER	MEMBER	2.00	Director	$0	$0	$0
BRITTANY HICKS	MEMBER	2.00	Director	$0	$0	$0
PJ BINNS	MEMBER	2.00	Director	$0	$0	$0
STEVE NIDA	PRESIDENT	2.00	Officer	$0	$0	$0
BRAD SCHUMACHER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CARRIE ALLENDER	TREASURER	2.00	Officer	$0	$0	$0
KATIE MARCUM	SECRETARY	2.00	Officer	$0	$0	$0
KATE SOMERS	EXECUTIVE DIRECTOR	40.00	Officer	$39,143	$0	$39,143

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	$490,971	$353,956	$2,224,899	$137,015
2024	$402,735	$413,556	$2,138,456	$-10,821
2023	$416,593	$399,597	$2,076,002	$16,996
2022	$463,061	$402,430	$2,098,106	$60,631
2021	$530,364	$327,974	$2,020,739	$202,390
2020	$422,265	$250,985	$1,821,695	$171,280
2018	$353,117	$246,473	$1,585,290	$106,644

HOMEOWNERSHIP CENTER INC