GENESIS HOUSE FOR HOMELESS INC (EIN 582502732) - 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

MILTON WYNN JR

Phone

4789877466

Tax Period

2024-01-01 to 2024-12-31

GENESIS HOUSE FOR HOMELESS INC, founded in 1994, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $284K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO PROVIDE FOOD, LODGING AND ATTENTIVE AND RESPONSIBLE CARE TO BOYS AGE 6 TO 18 THROUGH OCTOBER 1, 2024. SUBSEQUENT TO THIS DATE, THE ENTITY REMAINED OPEN TO DISTRIBUTE FOOD AND HELP FAMILIES WITH BASIC NEEDS AND NECESSITIES.

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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 $11,427

Program Service Revenue $180,636

Investment Income $4

Other Revenue $0

TOTAL REVENUE $192,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,229

Fundraising Expenses $0

Program Expenses $161,725

Other Expenses $119,422

TOTAL EXPENSES $283,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,067	$340,181	-0.4%
Expenses	$283,651	$329,762	-0.1%
Net Income	$-91,584	$10,419	-9.8%

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

N/A

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

$77,000

Total Directors

$77,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILTON WYNN JR	CEO	40.00	Officer Director	$33,000	$0	$33,000
LULA WYNN	CFO	40.00	Officer Director	$44,000	$0	$44,000
LENA LOWE	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
HUSTEN GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
TERRY LOWE	DIRECTOR	1.00	Director	$0	$0	$0
MARLON ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
MILTON WYNN III	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	$192,067	$283,651	$249,906	$-91,584
2023	$340,181	$329,762	$356,498	$10,419
2022	$561,598	$365,364	$336,419	$196,234
2021	$352,748	$291,715	$216,803	$61,033
2020	$326,871	$377,546	$188,441	$-50,675
2019	$432,575	$398,341	$186,613	$34,234
2018	$367,054	$326,371	$140,695	$40,683

GENESIS HOUSE FOR HOMELESS INC