HOMESTEAD COMMUNITY HEALTH CENTER INC (EIN 852514662) - 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

2020

Legal Domicile

Principal Officer

Barbara Gallo

Phone

7869044242

Tax Period

2024-01-01 to 2024-12-31

HOMESTEAD COMMUNITY HEALTH CENTER INC, founded in 2020, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

Provide comprehensive preventive and primary health services accessible to the medically underserved and vulnerable residents of homestead Florida and the surrounding areas, regardless of the individual's or family's ability to pay.

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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 $1,557,742

Program Service Revenue $99,352

Investment Income $30,603

Other Revenue $0

TOTAL REVENUE $1,687,697

Expense Breakdown

Grants Paid $2,912

Salaries & Benefits $272,176

Fundraising Expenses $0

Program Expenses $1,749,152

Other Expenses $1,885,251

TOTAL EXPENSES $2,160,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,687,697	$1,557,066	+0.1%
Expenses	$2,160,339	$1,764,920	+0.2%
Net Income	$-472,642	$-207,854	+1.3%

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

$94,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Gallo	Executive Director	40.0	Officer	$94,280	$0	$94,280
Reverend William L Chambers	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
KENNETH R SPELL	CEO	1.0	Officer Director	$0	$0	$0
GEORGE E CADMAN III	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
Javier Morejon	Board Member	1.0	Director	$0	$0	$0
Tamu Fourie	Board Member	1.0	Director	$0	$0	$0
Oscar Loynaz	BOARD MEMBER	1.0	Director	$0	$0	$0
Leif Gunderson	Board Member	1.0	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	$1,687,697	$2,160,339	$1,266,699	$-472,642
2023	$1,557,066	$1,764,920	$1,739,341	$-207,854
2022	$1,557,934	$1,474,977	$1,942,294	$82,957
2021	$2,025,495	$166,208	$1,859,337	$1,859,287

HOMESTEAD COMMUNITY HEALTH CENTER INC