HOMEBASE (EIN 943148303) - 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

1986

Legal Domicile

Principal Officer

NIKKA RAPKIN

Phone

4157887961

Tax Period

2024-01-01 to 2024-12-31

HOMEBASE, founded in 1986, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

DEDICATED TO THE SOCIAL PROBLEM OF HOMELESSNESS.

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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 $478,439

Program Service Revenue $12,154,581

Investment Income $4,824

Other Revenue $7,024

TOTAL REVENUE $12,644,868

Expense Breakdown

Grants Paid $5,275

Salaries & Benefits $10,559,010

Fundraising Expenses $39,705

Program Expenses $9,285,179

Other Expenses $2,235,167

TOTAL EXPENSES $12,799,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,644,868	$11,696,969	+0.1%
Expenses	$12,799,452	$10,977,780	+0.2%
Net Income	$-154,584	$719,189	-1.2%

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

$596,124

Total Directors

Key Employees

$422,673

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES OLSON	CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND MARSHALL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEAGAN BACHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
FARAN THOMASON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER CLAY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN SCOTT KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
YA-SIN NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIA MASON	DIRECTOR	1.00	Director	$0	$0	$0
NIKKA RAPKIN	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer	$259,997	$30,125	$290,122
JOAN CATHERINE BRAUN	ACTING COO	33.00	Officer	$183,231	$9,497	$192,728
JAMES ROOP	ASSISTANT SECRETARY	40.00	Officer	$99,248	$14,026	$113,274
PIPER EHLEN	DIRECTOR FEDERAL PROGRAMS	40.00	Key Emp	$230,971	$23,414	$254,385
AMANDA WEHRMAN	DIRECTOR OF STRATEGY AND EVALUATION	40.00	Key Emp	$159,117	$9,171	$168,288
JEAN FIELD	DIRECTOR OF POLICY/IMPLEMENTATION	40.00	Highest	$170,297	$40,944	$211,241
PATRICK WIGMORE	PRINCIPAL	40.00	Highest	$155,998	$25,667	$181,665
GILLIAN MORSHEDI	DIRECTING ATTORNEY	40.00	Highest	$157,714	$17,660	$175,374
NORA LALLY	PRINCIPAL	40.00	Highest	$155,458	$23,718	$179,176
JESSICA HEWINS	PRINCIPAL	40.00	Highest	$143,344	$21,250	$164,594

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	$12,644,868	$12,799,452	$4,891,940	$-154,584
2023	$11,696,969	$10,977,780	$5,465,709	$719,189
2022	$9,470,389	$10,111,373	$4,920,723	$-640,984
2021	$9,221,724	$8,181,168	$4,578,561	$1,040,556
2020	$8,181,614	$7,742,562	$4,246,215	$439,052
2019	$7,588,359	$7,028,999	$2,998,981	$559,360
2018	$5,988,756	$6,250,852	$2,515,800	$-262,096

HOMEBASE