HOME4ME INCORPORATED (EIN 823194470) - 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

2018

Legal Domicile

Principal Officer

Folakemi Bamigbade

Phone

4102625945

Tax Period

2024-01-01 to 2024-12-31

HOME4ME INCORPORATED, founded in 2018, is a community nonprofit in the Mental Health sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $242K, a strong 17% operating margin.

Mission

The organization aims to provide services for adult with disabilities

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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 $0

Program Service Revenue $1,447,133

Investment Income $0

Other Revenue $-19,402

TOTAL REVENUE $1,427,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $844,107

Fundraising Expenses $0

Other Expenses $341,427

TOTAL EXPENSES $1,185,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,427,731	$918,868	+0.6%
Expenses	$1,185,534	$866,626	+0.4%
Net Income	$242,197	$52,242	+3.6%

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

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
Folakemi Bamigbade	Officer	040.00	Director	$0	$0	$0
Omowunmi Rachael Ogungbade	Manager	040.00	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
2025	No data	No data	No data	No data
2024	$1,427,731	$1,185,534	$200,221	$242,197
2023	$918,868	$866,626	$39,371	$52,242
2022	$121,263	$151,739	$14,758	$-30,476
2021	No data	$38,290	$5,233	No data
2020	No data	$4,401	$1,380	No data
2019	No data	$9,721	$2,656	No data
2018	No data	$4,358	$1,323	No data

HOME4ME INCORPORATED