FIRST ZION HOMES (EIN 815217032) - 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

2019

Legal Domicile

Principal Officer

BASIRAT OYEBIYI

Tax Period

2023-01-01 to 2023-12-31

FIRST ZION HOMES, founded in 2019, is a small nonprofit in the Health Care sector that reported $749K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

FIRST ZION IS COMMITTED TO PROVIDING INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WITH RESIDENTIAL FACILITIES, QUALITY CARE AND SERVICES THAT WILL MEET THEIR FULL POTENTIAL AND LIVE A QUALITY LIFE IN THE SOCIETY IN A SAFE AND FRIENDLY ENVIRONMENT.

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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 $749,274

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $749,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,587

Fundraising Expenses $0

Program Expenses $593,941

Other Expenses $292,839

TOTAL EXPENSES $742,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$749,274	$665,573	+0.1%
Expenses	$742,426	$618,077	+0.2%
Net Income	$6,848	$47,496	-0.9%

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

N/A

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
BASIRAT OYEBIYI	DIRECTOR	40.00	Officer Director	$0	$0	$0
MUKADAS OGUNLOLA	TREASURER	0.00	Officer	$0	$0	$0
JOYCE BASSEY	VICE PRESIDENT	0.00	Officer	$0	$0	$0
THOMAS OYEBIYI	PRESIDENT	0.00	Officer	$0	$0	$0
ADENIYI OGUNDIRAN	TREASURER	0.00	Officer	$0	$0	$0
BENJAMIN ADEBOYE	CHAIRPERSON	0.00	Officer	$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	$749,274	$742,426	$167,785	$6,848
2022	$665,573	$618,077	$155,150	$47,496
2021	$288,682	$256,387	$158,655	$32,295
2020	$264,613	$252,080	$105,803	$12,533
2019	$93,943	$72,560	$49,144	$21,383

FIRST ZION HOMES