Homewood Corporation dba Homewoods on the Willamette (EIN 943101853) - 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

1989

Legal Domicile

Phone

5036593600

Tax Period

2023-01-01 to 2023-12-31

Homewood Corporation dba Homewoods on the Willamette, founded in 1989, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Expenses of $3.2M left a modest 9% surplus.

Mission

A not-for-profit organization providing 113 units of retirement housing for the elderly.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,474,943

Investment Income $12,492

Other Revenue $0

TOTAL REVENUE $3,487,435

Expense Breakdown

Grants Paid $203,000

Salaries & Benefits $1,262,204

Fundraising Expenses $0

Program Expenses $3,181,258

Other Expenses $1,716,054

TOTAL EXPENSES $3,181,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,487,435	$3,231,581	+0.1%
Expenses	$3,181,258	$2,771,386	+0.1%
Net Income	$306,177	$460,195	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Brian Hotrum	Director	0.50	Director	$0	$0	$0
Phil Fogg Sr	President	1.00	Officer Director	$0	$0	$0
Steve Hopper	Director	0.50	Director	$0	$0	$0
Scott Waite	Director	0.50	Director	$0	$0	$0
Nick Knapp	Director	0.50	Director	$0	$0	$0
Ray Hobizal	Director	0.50	Director	$0	$0	$0
Becky Dearth	Director	0.50	Director	$0	$0	$0
Don G Carter	Vice President	0.10	Officer Director	$0	$0	$0
Cindy Larvick	Sec/Treas	1.00	Officer 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	No data	No data	No data	No data
2023	$3,487,435	$3,181,258	$7,051,452	$306,177
2022	$3,231,581	$2,771,386	$6,949,900	$460,195
2021	$3,048,187	$2,810,543	$6,584,808	$237,644
2020	$3,044,151	$2,668,543	$7,001,708	$375,608
2019	$2,946,706	$2,643,396	$6,243,054	$303,310

Homewood Corporation dba Homewoods on the Willamette