HOME OF THE ROCKETS 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

2019

Legal Domicile

Principal Officer

JON RANSOM

Phone

2165708365

Tax Period

2020-07-01 to 2021-06-30

HOME OF THE ROCKETS INC, founded in 2019, is a small nonprofit that reported $244K in total revenue in fiscal year 2020. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $466K exceeded revenue, resulting in a 91% operating deficit.

Mission

RAISING MONEY AND OTHER ASSISTANCE FOR CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS FOR FACILITIES IN THE BAY VILLAGE CITY SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $464,046

PROVIDE FINANCIAL SUPPORT TO SCHOOLS IN THE BAY VILLAGE SCHOOL DISTRICT TO IMPROVE ATHLETIC FACILITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $243,965

Program Service Revenue $0

Investment Income $89

Other Revenue $0

TOTAL REVENUE $244,054

Expense Breakdown

Grants Paid $460,438

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $464,046

Other Expenses $5,183

TOTAL EXPENSES $465,621

Year-over-Year Comparison

	2020	2019	Change
Revenue	$244,054	$643,375	-0.6%
Expenses	$465,621	$360,301	+0.3%
Net Income	$-221,567	$283,074	-1.8%

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
JON RANSOM	PRESIDENT	N/A	Officer	$0	$0	$0
ROBERT REED	VICE PRESIDE	N/A	Officer	$0	$0	$0
MATTHEW SPELLMAN	SECRETARY	N/A	Officer	$0	$0	$0
JASON MARTIN	OFFICER	N/A	Officer	$0	$0	$0
DAVID MAYER	TRUSTEE	N/A	Director	$0	$0	$0
DAVID FLOREZ	TRUSTEE	N/A	Director	$0	$0	$0
JODIE HAUSMANN	TRUSTEE	N/A	Director	$0	$0	$0
ANTHONY HIBBS	TRUSTEE	N/A	Director	$0	$0	$0
RUSTY NAUGHTON	TRUSTEE	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
2021	$244,054	$465,621	No data	$-221,567
2020	$643,375	$360,301	$283,074	$283,074