HOMEWORD INC (EIN 810522626) - 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

1998

Legal Domicile

Principal Officer

KARISSA TRUJILLO

Phone

4065324663

Tax Period

2024-07-01 to 2025-06-30

HOMEWORD INC, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.3M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $9.1M left a modest 11% surplus.

Mission

HOMEWORD USES SUSTAINABLE METHODS TO PROVIDE SAFE, HEALTHY HOMES THAT PEOPLE CAN AFFORD AND STRENGTHEN THE COMMUNITY THROUGH HOUSING COUNSELING AND EDUCATION.

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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 $1,624,795

Program Service Revenue $7,836,406

Investment Income $5,139

Other Revenue $796,546

TOTAL REVENUE $10,262,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,241,264

Fundraising Expenses $192,044

Program Expenses $8,837,058

Other Expenses $7,866,768

TOTAL EXPENSES $9,108,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,262,886	$13,199,994	-0.2%
Expenses	$9,108,032	$7,314,552	+0.2%
Net Income	$1,154,854	$5,885,442	-0.8%

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

$392,829

Total Directors

$392,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARISSA TRUJILLO	Executive Dir.	40.00	Officer Director	$113,858	$0	$113,858
HEATHER MCMILIN	Director	40.00	Officer Director	$102,622	$0	$102,622
MATT JOSEPH	Director	40.00	Officer Director	$97,631	$0	$97,631
JULIE PAVLISH	Director	40.00	Officer Director	$78,718	$0	$78,718
BETH HAYES	Board Member	1.00	Director	$0	$0	$0
MEG HAENN	Vice President	1.00	Officer Director	$0	$0	$0
JESSICA VIZZUTTI	President	1.00	Officer Director	$0	$0	$0
JASON ERICKSON	Treasurer	1.00	Officer Director	$0	$0	$0
ALICE JONES	Board Member	1.00	Director	$0	$0	$0
ADRIENNE MAXWELL	Secretary	1.00	Director	$0	$0	$0
SARA NELSON	BOARD MEMBER	0.00	Director	$0	$0	$0
RYAN SEARS	BOARD MEMBER	0.00	Director	$0	$0	$0
BRUCE HAROLDSON	Board Member	1.00	Director	$0	$0	$0
GRETCHEN HOOKER	Board Member	1.00	Director	$0	$0	$0
JESSICA WELTMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
MAUREEN RUDE	Board Member	1.00	Director	$0	$0	$0
PELAH HOYT	Board Member	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	$10,262,886	$9,108,032	$65,077,123	$1,154,854
2024	$13,199,994	$7,314,552	$64,376,198	$5,885,442
2023	$8,609,814	$7,645,607	$58,911,808	$964,207
2022	$14,897,886	$6,596,407	$58,657,401	$8,301,479
2021	$7,672,156	$5,379,020	$50,405,260	$2,293,136
2020	$7,322,765	$5,519,892	$44,948,385	$1,802,873
2019	$4,683,014	$4,173,990	$41,985,060	$509,024

HOMEWORD INC