HEADING FOR HOME FOUNDATION INC (EIN 660983315) - 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

2021

Legal Domicile

Principal Officer

THOMAS J AXON

Phone

7877052323

Tax Period

2024-01-01 to 2024-12-31

HEADING FOR HOME FOUNDATION INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $325K in total revenue in fiscal year 2024. Revenue surged 294% from the prior year, signaling strong growth momentum. The organization ran a surplus of $219K, a strong 67% operating margin.

Mission

THE FOUNDATION SEEKS TO DEVELOP AND PROMOTE THE INTEREST AND PARTICIPATION IN BASEBALL AND BASEBALL-RELATED ACTIVITIES AMONG CHILDREN IN THE COMMUNITIES OF PUERTO RICO IN ORDER TO PROMOTE THE ECONOMIC AND SOCIAL DEVELOPMENT OF PUERTO RICO'S COMMUNITIES.

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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 $325,105

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $325,105

Expense Breakdown

Grants Paid $73,811

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,032

Other Expenses $32,221

TOTAL EXPENSES $106,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,105	$82,487	+2.9%
Expenses	$106,032	$96,549	+0.1%
Net Income	$219,073	$-14,062	-16.6%

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

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
THOMAS J AXON	PRESIDENT &	N/A	Officer	$0	$0	$0
KEVIN P GILDEA	SECRETARY	N/A	Officer	$0	$0	$0
ROGER GOODEN	DIRECTOR	N/A	Officer	$0	$0	$0
DAVID P KALM	DIRECTOR	N/A	Officer	$0	$0	$0
GILBERTO MARTINEZ	VICE PRESIDE	N/A	Officer	$0	$0	$0
ANGEL RODRIGUEZ	CFO- TREASUR	N/A	Officer	$0	$0	$0
ROBERT SULLIVAN	DIRECTOR	N/A	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	$325,105	$106,032	$205,064	$219,073
2023	$82,487	$96,549	$185,923	$-14,062
2022	$200,000	$15	$199,985	$199,985
2022	No data	$15	$199,985	No data
2021	No data	No data	No data	No data

HEADING FOR HOME FOUNDATION INC