TRUST FBO EMPLOYEES OF HOME FEDERA… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

ANDREW HARPER

Phone

8655416376

Tax Period

2023-01-01 to 2023-12-31

TRUST FBO EMPLOYEES OF HOME FEDERAL BANK OF TENNESSEE, founded in 1988, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $3,402,479 Revenue: $3,321,590

PAYMENT OF HEALTH CARE BENEFITS AND ASSOCIATED FEES TO AND FOR THE BENEFIT OF CURRENT AND FORMER EMPLOYEES OF HOME FEDERAL BANK OF TENNESSEE.

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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 $0

Program Service Revenue $3,321,590

Investment Income $46,012

Other Revenue $0

TOTAL REVENUE $3,367,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,402,479

Other Expenses $737,628

TOTAL EXPENSES $3,402,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,367,602	$3,635,701	-0.1%
Expenses	$3,402,479	$3,611,571	-0.1%
Net Income	$-34,877	$24,130	-2.4%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	10.00		$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	$3,367,602	$3,402,479	$1,030,122	$-34,877
2022	$3,635,701	$3,611,571	$1,064,999	$24,130
2021	$3,607,564	$3,605,889	$1,040,869	$1,675
2020	$3,241,958	$3,639,751	$1,039,194	$-397,793
2019	$4,032,786	$3,635,279	$1,436,987	$397,507
2018	$3,416,289	$3,128,080	$1,039,480	$288,209

TRUST FBO EMPLOYEES OF HOME FEDERAL BANK OF TENNESSEE