HOMETOWN CONNECT 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

2022

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $100,900

FUNDS SPENT TO PROVIDE MEDICAL RESOURCES, MEALS AND SCHOOL SUPPLIES TO LOCAL INDIVIDUALS IN NEED.

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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 $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

Governance

Voting Members

Independent Members

Employees

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
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