HOMETOWN CONNECT INC

EIN: 881297510 501(c)(3) Community Improvement

CAMPBELLSVILLE, KY

Total Revenue
$670,269
Total Expenses
$627,564
Total Assets
$93,700
Net Assets
$88,594
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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
2022
Legal Domicile
KY
Principal Officer
MELEIGHA MILBY
Phone
2704651513
Tax Period
2024-01-01 to 2024-12-31

HOMETOWN CONNECT INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $670K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $628K left a modest 6% surplus.

Mission

PROVIDING CONNECTIONS AND RESOURCES TO IMPROVE MENTAL AND PHYSICAL HEALTH OF VULNERABLE AND MARGINALIZED INDIVIDUALS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $646,918
Program Service Revenue $0
Investment Income $413
Other Revenue $22,938
TOTAL REVENUE $670,269

Expense Breakdown

Grants Paid $0
Salaries & Benefits $417,984
Fundraising Expenses $0
Program Expenses $292,680
Other Expenses $209,580
TOTAL EXPENSES $627,564

Year-over-Year Comparison

2024 2023 Change
Revenue $670,269 $359,782 +0.9%
Expenses $627,564 $309,606 +1.0%
Net Income $42,705 $50,176 -0.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
8
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NELDA EADS OFFICER 5.00
Officer
$0 $0 $0
MELEIGHA MILBY OFFICER 5.00
Officer
$0 $0 $0
CHERYL WILLIAMS OFFICER 10.00
Officer
$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 $670,269 $627,564 $93,700 $42,705
2023 $359,782 $309,606 $51,286 $50,176
2022 $50,345 $54,632 $1,916 $-4,287
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