HOMEWOOD SCIENCE CENTER

EIN: 811288818 501(c)(3) Arts, Culture & Humanities

HOMEWOOD, IL

Total Revenue
$276,629
Total Expenses
$232,941
Total Assets
$467,692
Net Assets
$459,395
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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
2016
Principal Officer
EDITH DOBREZ
Tax Period
2024-01-01 to 2024-12-31

HOMEWOOD SCIENCE CENTER, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $75K, a strong 44% operating margin.

Mission

THE HOMEWOOD SCIENCE CENTER IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING DEVELOPING AND OPERATING A COMMUNITY SCIENCE CENTER TO ADVANCE LEARNING FOR PEOPLE OF ALL AGES IN THE AREAS OF SCIENCE AND TECHNOLOGY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $255,267
Program Service Revenue $0
Investment Income $0
Other Revenue $21,362
TOTAL REVENUE $276,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,823
Fundraising Expenses $0
Program Expenses $119,932
Other Expenses $151,118
TOTAL EXPENSES $232,941

Year-over-Year Comparison

2024 2023 Change
Revenue $276,629 $215,714 +0.3%
Expenses $232,941 $201,703 +0.2%
Net Income $43,688 $14,011 +2.1%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
49

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE APPLEBAUM MEMBER N/A
Director
$0 $0 $0
BRITTANY ARMBRUSTER TRESURER N/A
Officer Director
$0 $0 $0
PAT BARKER MEMBER N/A
Director
$0 $0 $0
BARBARA DAWKINS MEMBER N/A
Director
$0 $0 $0
BONITA ESTELLE MEMBER N/A
Director
$0 $0 $0
BABAJIDE FALAE MEMBER N/A
Director
$0 $0 $0
JAY HEIFERMAN MEMBER N/A
Director
$0 $0 $0
KIN CHING KONG MEMBER N/A
Director
$0 $0 $0
PHIL LEE MEMBER N/A
Director
$0 $0 $0
ALLISON WAGNER LICKE VICE PRESIDE N/A
Officer Director
$0 $0 $0
AIMEE MATTHYS MEMBER N/A
Director
$0 $0 $0
JEFF MCCLAIN PRESIDENT N/A
Officer Director
$0 $0 $0
MICHELLE NELSON MEMBER N/A
Director
$0 $0 $0
JOHN SOWA PHD SECRETARY N/A
Officer 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 $276,629 $232,941 $467,692 $43,688
2023 $215,714 $201,703 $420,026 $14,011
2022 $209,175 $193,830 $405,466 $15,345
2021 $145,048 $103,620 $444,098 $41,428
2020 $237,187 $175,698 $406,116 $61,489
2019 $286,354 $146,438 $341,181 $139,916
2018 $170,524 $95,736 $201,265 $74,788
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