Homeward Bound of Marin (EIN 680011405) - 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

1974

Legal Domicile

Principal Officer

Paul Fordham

Phone

4153823363

Tax Period

2023-07-01 to 2024-06-30

Homeward Bound of Marin, founded in 1974, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.7M in total revenue in fiscal year 2023. The organization ran a surplus of $5.8M, a strong 25% operating margin.

Mission

Homeward Bound of Marin is the main provider of emergency shelter, supportive housing and services for people overcoming a crisis of homelessness in Marin County, California.

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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 $19,874,968

Program Service Revenue $2,616,725

Investment Income $212,107

Other Revenue $0

TOTAL REVENUE $22,703,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,130,240

Fundraising Expenses $864,829

Program Expenses $14,968,785

Other Expenses $7,793,537

TOTAL EXPENSES $16,923,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,703,800	$22,612,287	+0.0%
Expenses	$16,923,777	$15,297,135	+0.1%
Net Income	$5,780,023	$7,315,152	-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

172

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

$508,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Kay Sweeney	Co-CEO	40.00	Officer	$212,469	$178	$212,647
Anna Hurtado	Dir Support Serv	40.00		$202,277	$7,030	$209,307
Paul Fordham	CEO	40.00	Officer	$192,983	$8,377	$201,360
LaSaunda Tate	Dir Housing & Oper	40.00		$194,228	$6,855	$201,083
Corry-Ann Kanzenberg	Dir Develop	40.00		$134,050	$6,503	$140,553
Eulalia Callero	Human Resorces Mgr	40.00		$105,531	$879	$106,410
Kevin Judd	Dir of Finance	40.00	Officer	$94,221	$0	$94,221
Bob Puett	President	4.00	Officer Director	$0	$0	$0
Dianne Snedaker	Vice President	2.00	Officer Director	$0	$0	$0
Sonia Seeman	Secretary	2.00	Officer Director	$0	$0	$0
Elvira Echevarria	Treasurer	2.00	Officer Director	$0	$0	$0
Sister Carla Kovack	Director	2.00	Director	$0	$0	$0
Nancy Culhane	Director	2.00	Director	$0	$0	$0
Cynthia Williams	Director	2.00	Director	$0	$0	$0
Anita Jones Roehrick	Director	2.00	Director	$0	$0	$0
Sheri Joseph	Director	2.00	Director	$0	$0	$0
Liz Saint John	Director	2.00	Director	$0	$0	$0
Lynes Downing	Director	2.00	Director	$0	$0	$0
Jim Snipes	Director	2.00	Director	$0	$0	$0
Nicole Bartolini	Director	2.00	Director	$0	$0	$0
Marion Weinreb	Director	2.00	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
2025	No data	No data	No data	No data
2024	$22,703,800	$16,923,777	$62,487,094	$5,780,023
2023	$22,612,287	$15,297,135	$54,062,029	$7,315,152
2022	$20,804,885	$11,346,349	$46,962,235	$9,458,536
2021	$18,547,153	$11,005,750	$31,503,117	$7,541,403
2020	$14,637,683	$9,730,390	$25,243,973	$4,907,293
2019	$9,787,984	$8,684,030	$19,178,054	$1,103,954
2018	$8,428,395	$7,964,500	$17,990,012	$463,895

Homeward Bound of Marin