KITSAP HOMES OF COMPASSION (EIN 821223987) - 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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

KITSAP HOMES OF COMPASSION, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 4% surplus.

Mission

THE ORGANIZATION OPERATES TO HELP END THE HOMELESSNESS IN KITSAP COUNTY BY PROVIDING AFFORDABLE HOUSING FOR PEOPLE OF ALL CATEGORIES: SENIORS, DISABLED HOMELESS, YOUTH AND HOMELESS MOTHERS WITH YOUNG CHILDREN.

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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 $1,260,389

Program Service Revenue $707,499

Investment Income $127

Other Revenue $1,730

TOTAL REVENUE $1,969,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $651,710

Fundraising Expenses $1,102

Program Expenses $1,551,847

Other Expenses $1,244,132

TOTAL EXPENSES $1,895,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,969,745	$1,452,134	+0.4%
Expenses	$1,895,842	$1,395,369	+0.4%
Net Income	$73,903	$56,765	+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

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

$107,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WILLARD	EXECUTIVE DIRECTOR	40.00	Officer	$107,880	$0	$107,880
JAMIE HUFF	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SHROADER	CHAIR	1.00	Director	$0	$0	$0
HELEN STOLL	VICE PRESIDENT	1.00	Director	$0	$0	$0
DAVID DE BRUYN	DIRECTOR	1.00	Director	$0	$0	$0
BARB BUCKHAM	DIRECTOR	1.00	Director	$0	$0	$0
DENISE HUGHES	SECRETARY	10.00	Director	$0	$0	$0
LARRY EYER	PRESIDENT	1.00	Director	$0	$0	$0
DENNIS HOBBS	TREASURER	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
2024	No data	No data	No data	No data
2023	$1,969,745	$1,895,842	$437,071	$73,903
2022	$1,452,134	$1,393,001	$289,018	$59,133
2022	$1,452,134	$1,395,369	$412,601	$56,765
2021	$1,331,309	$1,397,230	$194,428	$-65,921
2020	$749,463	$701,907	$251,219	$47,556
2019	$389,776	$281,964	$152,879	$107,812

KITSAP HOMES OF COMPASSION