HOMEWARD BOUND INC

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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

SANDI KELLER

Phone

2198796723

Tax Period

2024-01-01 to 2024-12-31

HOMEWARD BOUND INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $299K in total revenue in fiscal year 2024. Revenue surged 293% from the prior year, signaling strong growth momentum. The organization ran a surplus of $237K, a strong 79% operating margin.

Mission

TO PROVIDE HOUSING AND OTHER ASSISTANCE TO THOSE DISENFRANCHISED AND LIVING IN LAPORTE COUNTY, INDIANA.

Program Service Accomplishments

Program 1

RENTAL ASSISTANCE PROGRAM. INDIVIDUALS AND FAMILIES WERE PROVIDED WITH SUPPORT PAID DIRECTLY TO THE AGENCY RERNTING PROPERTY TO THEM. THE OBJECTIVE IS TO REDUCE THE LEVEL OF HOMELESSNESS.

Program 2

Expenses: $32,000

HOUSING DEVELOPMENT. THIS PROGRAM IS DEVELOPING 12 AFFORDABLE SMALL HOMES IN MICHIGAN CITY, INDIANA.

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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 $267,263

Program Service Revenue $0

Investment Income $31,889

Other Revenue $0

TOTAL REVENUE $299,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,630

Program Expenses $32,000

Other Expenses $62,527

TOTAL EXPENSES $62,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,152	$76,206	+2.9%
Expenses	$62,527	$55,654	+0.1%
Net Income	$236,625	$20,552	+10.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIRLEY CAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
LEIGH COBURN	DIRECTOR	N/A	Director	$0	$0	$0
JIM ERIKKSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAN GRANDQUIST	DIRECTOR	N/A	Director	$0	$0	$0
SANDI KELLER	PRESIDENT	N/A	Officer Director	$0	$0	$0
TRICIA KUIKEN	SECRETARY	N/A	Officer Director	$0	$0	$0
ED MERRION	TREASURER	N/A	Officer Director	$0	$0	$0
JIM MUSIAL	DIRECTOR	N/A	Director	$0	$0	$0
NANCY NICHOLS	DIRECTOR	N/A	Director	$0	$0	$0
LISA PIERZAKOWSKI	DIRECTOR	N/A	Director	$0	$0	$0
ROGER POTRATZ	DIRECTOR	N/A	Director	$0	$0	$0
BECKY SIMMONS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN VANDER WAGEN	DIRECTOR	N/A	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	$299,152	$62,527	$664,239	$236,625
2023	$76,206	$55,654	$435,874	$20,552
2022	$156,794	$14,950	$400,447	$141,844
2020	$34,223	$22,206	$247,434	$12,017