HOME ALLIANCE INC (EIN 571080743) - 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

1999

Legal Domicile

Principal Officer

NANCY GIORDANO

Phone

8437122772

Tax Period

2023-01-01 to 2023-12-31

HOME ALLIANCE INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $404K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $524K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO DEVELOP AFFORDABLE HOUSING FOR LOW-INCOME AND HOMELESS PERSONS AND FAMILIES IN HORRY COUNTY AND GEORGETOWN COUNTY.

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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 $4,573

Program Service Revenue $395,915

Investment Income $3,916

Other Revenue $0

TOTAL REVENUE $404,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,789

Fundraising Expenses $0

Program Expenses $494,497

Other Expenses $413,382

TOTAL EXPENSES $524,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,404	$342,054	+0.2%
Expenses	$524,171	$444,057	+0.2%
Net Income	$-119,767	$-102,003	+0.2%

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

$74,250

Total Directors

$74,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY GIORDANO	EXECUTIVE DIRECTOR AND SEC	40.00	Officer Director	$74,250	$0	$74,250
NICK SHERFESEE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAMELA DAVIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
CLIFFORD RUDD	TREASURER	2.00	Officer Director	$0	$0	$0
DANA BLACK-BOLCH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SARAH POPE	DIRECTOR	1.00	Director	$0	$0	$0
TIM STEFFES	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
MATT KUZDRALL	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	$404,404	$524,171	$3,411,033	$-119,767
2022	$342,054	$444,057	$3,337,943	$-102,003
2021	$419,728	$483,950	$3,466,975	$-64,222
2019	$447,332	$417,965	$3,736,474	$29,367
2018	$336,698	$461,376	$3,693,092	$-124,678
2017	$482,186	$539,219	$3,708,530	$-57,033

HOME ALLIANCE INC