OMEGA HOMES INC (EIN 710682049) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

JUDY WATSON

Phone

8707221205

Tax Period

2024-07-01 to 2025-06-30

Omega Homes Inc, founded in 1989, is a small nonprofit in the Human Services sector that reported $867K in total revenue in fiscal year 2018. Expenses of $811K left a modest 6% surplus.

Mission

DISCOVERING OPPORTUNITIES THAT INSPIRE LIVES... WHATEVER IT TAKES!

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,661

Program Service Revenue $842,026

Investment Income $3,000

Other Revenue $0

TOTAL REVENUE $847,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $649,997

Fundraising Expenses $0

Program Expenses $1,070,138

Other Expenses $624,675

TOTAL EXPENSES $1,274,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$847,687	$841,097	+0.0%
Expenses	$1,274,672	$851,032	+0.5%
Net Income	$-426,985	$-9,935	+42.0%

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

N/A

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

$260,106

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY WATSON	ROC PRESIDENT/CEO	5.00	Officer	$0	$16,548	$156,791
TERESA PORTER	CFO	5.00	Officer	$0	$17,069	$103,315
BECKY WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN RICHARDSON	VICE - PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON HAWTHORNE	SECRETARY	1.00	Officer Director	$0	$0	$0
KYLA HAMILTON	TREASURER	1.00	Officer Director	$0	$0	$0
DENNIS RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
CLAY LANCE	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR COFFEE	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOLLIS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MULDREW	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BETH MARTIN	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
2025	$847,687	$1,274,672	$127,251	$-426,985
2024	$841,097	$851,032	$104,193	$-9,935
2023	$836,025	$923,149	$114,331	$-87,124
2022	$869,079	$864,870	$240,310	$4,209
2021	$827,452	$828,359	$217,531	$-907
2020	$873,097	$810,487	$219,615	$62,610
2019	$866,506	$810,825	$221,761	$55,681

OMEGA HOMES INC