BROOM HOMESTEAD INC (EIN 811359010) - 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

2016

Legal Domicile

Principal Officer

ALTHEA BROOM

Phone

3233632975

Tax Period

2024-01-01 to 2024-12-31

BROOM HOMESTEAD INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $460K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WITH SUBSTANCE ABUSE, JAIL, VETERANS TRYING TO REBUILD THEIR LIVES

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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 $460,183

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $460,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,000

Fundraising Expenses $0

Other Expenses $284,116

TOTAL EXPENSES $453,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,183	$368,747	+0.2%
Expenses	$453,116	$358,171	+0.3%
Net Income	$7,067	$10,576	-0.3%

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

N/A

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

$169,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER BROOM	PRESIDENT & CEO	40.00	Officer	$98,000	$0	$98,000
ALETHEIA BROOM	CFO	40.00	Officer	$71,000	$0	$71,000

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	$460,183	$453,116	$893,450	$7,067
2023	$368,747	$358,171	$855,478	$10,576
2022	$299,092	$240,696	$434,644	$58,396
2021	$271,876	$231,418	$515,093	$40,458
2020	$227,988	$250,567	$588,234	$-22,579

BROOM HOMESTEAD INC