Hometown Heroes Of Michigan
EIN: 264778371 · Oakland Township, MI
| Metric | Value |
|---|---|
| Total Expenses | $29K |
| Net Assets | $-239,398 |
Is Hometown Heroes Of Michigan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hometown Heroes Of Michigan
Hometown Heroes Of Michigan (EIN: 264778371) is a nonprofit organization based in Oakland Township, MI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hometown Heroes Of Michigan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hometown Heroes Of Michigan is a micro nonprofit, with 9 years of IRS 990 filings on record (2009–2017). Revenue has grown at a compound annual rate of 62.2%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $29K |
| Surplus / Deficit | $-16,730 |
| Total Assets | $11K |
| Total Liabilities | $250K |
| Net Assets | $-239,398 |
| Operating Margin | -136.6% |
| Debt-to-Asset Ratio | 2358.0% |
| Months of Reserves | 4.4 months |
Financial Health Grade: C
In 2017, Hometown Heroes Of Michigan reported a deficit of $17K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 2358.0% (high leverage).
Financial Trends
Over 9 years of filings (2009–2017), Hometown Heroes Of Michigan's revenue has grown at a compound annual growth rate (CAGR) of 62.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -32.4% | -82.3% | -96.2% |
| 2016 | -7.5% | -9.0% | -38.9% |
| 2015 | -68.2% | -12.2% | -22.0% |
| 2014 | +254.6% | +361.7% | -21.6% |
| 2013 | +168.0% | +1616.8% | +191.8% |
AI Analysis Pending
AI enrichment for Hometown Heroes Of Michigan has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hometown Heroes Of Michigan with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2358.0%.
Frequently Asked Questions about Hometown Heroes Of Michigan
Is Hometown Heroes Of Michigan a legitimate charity?
Hometown Heroes Of Michigan (EIN: 264778371) is a registered tax-exempt nonprofit based in Michigan. It has 9 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Hometown Heroes Of Michigan spend its money?
Hometown Heroes Of Michigan reported its financials in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hometown Heroes Of Michigan tax-deductible?
Hometown Heroes Of Michigan is registered as a tax-exempt nonprofit (EIN: 264778371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hometown Heroes Of Michigan located?
Hometown Heroes Of Michigan is headquartered in Oakland Township, Michigan and files with the IRS under EIN 264778371.
How many years of IRS 990 filings does Hometown Heroes Of Michigan have?
Hometown Heroes Of Michigan has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Hometown Heroes Of Michigan showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2009–2017), Hometown Heroes Of Michigan's revenue has grown by 4702%, moving from $255 to $12K. Total assets increased by 6740% over the same period, from $155 to $11K. Total functional expenses rose by 28875%, from $100 to $29K. In its most recent filing year (2017), Hometown Heroes Of Michigan reported a deficit of $17K, with expenses exceeding revenue. The organization holds $250K in liabilities against $11K in assets (debt-to-asset ratio: 2358.0%), resulting in net assets of $-239,398.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $12K | $29K | $11K | $250K | — | View 990 |
| 2016 | $18K | $164K | $277K | $500K | — | View 990 |
| 2015 | $20K | $180K | $454K | $530K | — | View 990 |
| 2014 | $61K | $205K | $582K | $498K | — | View 990 |
| 2013 | $17K | $44K | $742K | $515K | — | View 990 |
| 2012 | $6K | $3K | $254K | $0 | — | — |
| 2011 | $252K | $2K | $250K | $0 | — | — |
| 2010 | $188 | $140 | $203 | $0 | — | — |
| 2009 | $255 | $100 | $155 | $0 | — | — |
Year-by-Year Financial Summary
- 2017: Revenue of $12K, expenses of $29K, and assets of $11K (revenue -32.4% year-over-year).
- 2016: Revenue of $18K, expenses of $164K, and assets of $277K (revenue -7.5% year-over-year).
- 2015: Revenue of $20K, expenses of $180K, and assets of $454K (revenue -68.2% year-over-year).
- 2014: Revenue of $61K, expenses of $205K, and assets of $582K (revenue +254.6% year-over-year).
- 2013: Revenue of $17K, expenses of $44K, and assets of $742K (revenue +168.0% year-over-year).
- 2012: Revenue of $6K, expenses of $3K, and assets of $254K (revenue -97.4% year-over-year).
- 2011: Revenue of $252K, expenses of $2K, and assets of $250K (revenue +134130.3% year-over-year).
- 2010: Revenue of $188, expenses of $140, and assets of $203 (revenue -26.3% year-over-year).
- 2009: Revenue of $255, expenses of $100, and assets of $155.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hometown Heroes Of Michigan:
Data Sources and Methodology
This transparency report for Hometown Heroes Of Michigan is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.