HOMEWOOD INSURANCE COMPANY INC (EIN 863299008) - 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

2021

Legal Domicile

Principal Officer

DAVID GUTH

Phone

2052972230

Tax Period

2024-07-01 to 2025-06-30

HOMEWOOD INSURANCE COMPANY INC, founded in 2021, is a community nonprofit in the Mutual Benefit sector that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $2.5M, a strong 90% operating margin.

Mission

"DELIVERING CARE THAT CHANGES PEOPLE'S LIVES"

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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 $2,430,482

Investment Income $277,715

Other Revenue $0

TOTAL REVENUE $2,708,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,333

Other Expenses $257,738

TOTAL EXPENSES $257,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,708,197	$2,758,811	0.0%
Expenses	$257,738	$386,459	-0.3%
Net Income	$2,450,459	$2,372,352	+0.0%

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

$1,257,527

Total Directors

$1,862,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID C GUTH JR	PRESIDENT/CEO/DIRECTOR	1.00	Officer Director	$0	$21,630	$836,071
CAROL BEAN	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$24,630	$421,456
JASON PALMER	ASSISSTANT SECRETARY	1.00	Officer Director	$0	$0	$0
JACK WALLACE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KEVIN NORTON	BOARD DIRECTOR	1.00	Director	$0	$17,663	$604,550

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	$2,708,197	$257,738	$12,472,061	$2,450,459
2024	$2,758,811	$386,459	$10,017,474	$2,372,352
2023	$2,626,421	$1,542,871	$7,382,360	$1,083,550
2022	$3,617,281	$2,684,505	$4,900,338	$932,776

HOMEWOOD INSURANCE COMPANY INC