HOMEWORKS MINISTRIES INC (EIN 651237188) - 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

2004

Legal Domicile

Principal Officer

Daniel Galaska

Phone

6103856100

Tax Period

2024-01-01 to 2024-12-31

HOMEWORKS MINISTRIES INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $261K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $291K exceeded revenue, resulting in a 11% operating deficit.

Mission

To operate a thrift store and provide material goods to the disadvantaged, I.E., to those in need and to financially support church missions from the proceeds of the thrift store operation.

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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 $0

Program Service Revenue $259,215

Investment Income $1,814

Other Revenue $0

TOTAL REVENUE $261,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,204

Fundraising Expenses $2,305

Program Expenses $196,753

Other Expenses $120,800

TOTAL EXPENSES $291,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,029	$285,435	-0.1%
Expenses	$291,004	$300,232	0.0%
Net Income	$-29,975	$-14,797	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Galaska	Trustee	005.00	Director	$0	$0	$0
Daniel Galaska	President	070.00	Officer	$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	$261,029	$291,004	$102,735	$-29,975
2023	$285,435	$300,232	$132,706	$-14,797
2022	$313,953	$288,701	$147,508	$25,252
2021	$317,063	$273,545	$122,525	$43,518
2020	$245,572	$239,418	$78,770	$6,154
2019	$259,710	$258,406	$45,536	$1,304
2018	$255,791	$256,336	$45,666	$-545

HOMEWORKS MINISTRIES INC