HOME PLACE OF TEXAS

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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

2002

Legal Domicile

Principal Officer

KIMBERLY DEGNAN

Phone

2812571004

Tax Period

2023-01-01 to 2023-12-31

HOME PLACE OF TEXAS, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $819K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $712K left a modest 13% surplus.

Mission

HOME PLACE OF TEXAS IS A NON-DENOMINATIONAL CHRIST-CENTERED COMMUNITY FOR ADULTS WITH DISABILITIES. THE ORGANIZATION PROVIDES RESIDENTIAL SERVICES (PROGRAM ENDED SEPT 2019), DAY HABILITATION SERVICES, BIBLE STUDY, IMPROVEMENT OF LIFE SKILLS AND JOB SKILLS, AND RECREATION. OUR MISSION IS TO TEACH ADULTS WITH DISABILITIES THAT GOD LOVES THEM AND HAS A PLAN FOR THEM - A PLAN FOR GOOD. OUR GOAL IS THAT PARTICIPANTS WILL COME TO UNDERSTAND THAT THEY ARE WONDERFULLY MADE IN THE IMAGE OF GOD. OUR AIM IS FOR PARTICIPANTS TO BECOME INDEPENDENT AND MATURE ADULTS AND GIVE BACK TO THE COMMUNITY WHERE THEY LIVE.

Program Service Accomplishments

Program 1

Expenses: $600,580 Revenue: $627,359

THE DAY PROGRAM BEGAN IN 2008. WE EXPANDED OUR SPACE SUBSTANTIALLY IN 2010 AS THE PROGRAM DOUBLED IN SIZE. THE PROGRAM CONTINUED TO FLOURISH AND, WITH FUNDS OBTAINED FROM A GRANT, OUR FACILITIES WERE EXPANDED SIGNIFICANTLY IN 2012. WE SERVE OVER 200 ADULTS WITH DISABILITIES EACH WEEK. THE PURPOSE OF THE DAY PROGRAMS ARE TO CONTINUE LIFE-LONG LEARNING, AND TO LEARN AND PRACTICE WORK AND SOCIAL SKILLS, LEARN TO BE A TEAM MEMBER, TAKE PERSONAL RESPONSIBILITY FOR ACTIONS, AND GAIN WORK EXPERIENCE. PARTICIPANTS ARE PROVIDED NUMEROUS OPPORTUNITIES TO VOLUNTEER IN THE COMMUNITY AND DEVELOP WORK SKILLS AND APPROPRIATE WORKPLACE BEHAVIOR UNDER THE SUPERVISION OF A JOB COACH. THESE ACTIVITIES TEACH THE ATTRIBUTES NECESSARY TO SUCCESSFULLY WORK IN THE COMMUNITY. WE HIRED A JOB COACH IN 2012 AND A SECOND JOB COACH IN 2013 TO EXPAND OUR OPPORTUNITIES FOR VOLUNTEERING IN ELDERLY CARE FACILITIES, CHURCHES, AND OTHER NONPROFIT ORGANIZATIONS. THESE ACTIVITIES ALLOW OUR PARTICIPANTS TO GAIN MUCH NEEDED EXPERIENCE IN THE WORK PLACE WITH SUPERVISION SO THAT THEIR WORK SKILLS IMPROVE. THEY ALSO LEARN APPROPRIATE WORKPLACE BEHAVIOR. THE RESIDENTIAL SERVICE PROGRAM WAS DISCONTINUED IN SEPTEMBER 2019.

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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 $124,850

Program Service Revenue $627,359

Investment Income $6,531

Other Revenue $60,110

TOTAL REVENUE $818,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,153

Fundraising Expenses $0

Program Expenses $600,580

Other Expenses $262,592

TOTAL EXPENSES $711,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$818,850	$673,442	+0.2%
Expenses	$711,745	$667,984	+0.1%
Net Income	$107,105	$5,458	+18.6%

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

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

Total Directors

$66,461

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY DEGNAN	EXECUTIVE DI	45.00	Director	$66,461	$0	$66,461
BEVERLY J NEITZEL BA	SECRETARY	0.10	Director	$0	$0	$0
LAURA BOMER	DIRECTOR	0.10	Director	$0	$0	$0
DAVID M BUTLER MBA	TREASURER	0.10	Director	$0	$0	$0
MARILYN BUTLER PHD	CHAIRMAN	0.10	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
2024	No data	No data	No data	No data
2023	$818,850	$711,745	$805,670	$107,105
2022	$673,442	$667,984	$699,763	$5,458
2021	$627,926	$605,401	$691,653	$22,525
2020	$454,764	$520,676	$589,842	$-65,912
2019	$634,946	$629,145	$615,162	$5,801
2018	$636,043	$552,278	$608,054	$83,765