Homewood Insurance Company Inc
EIN: 863299008 · Nashville, TN · NTEE: Y20
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $386K |
| Net Assets | $4.9M |
Is Homewood Insurance Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homewood Insurance Company Inc
Homewood Insurance Company Inc (EIN: 863299008) is a nonprofit organization based in Nashville, TN, classified under NTEE code Y20. The organization reported total revenue of $2.7M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homewood Insurance Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homewood Insurance Company Inc is a mid-size nonprofit that has been operating for 3 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of -12.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $386K |
| Surplus / Deficit | +$2.4M |
| Total Assets | $10.0M |
| Total Liabilities | $5.1M |
| Net Assets | $4.9M |
| Operating Margin | 86.0% |
| Debt-to-Asset Ratio | 51.2% |
| Months of Reserves | 311.1 months |
Financial Health Grade: A
In 2024, Homewood Insurance Company Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 311.1 months of operating reserves (strong position), has a debt-to-asset ratio of 51.2% (high leverage).
Financial Trends
Over 3 years of filings (2022–2024), Homewood Insurance Company Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.0% | -75.0% | +35.7% |
| 2023 | -27.4% | -42.5% | +50.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homewood Insurance Company Inc 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 Homewood Insurance Company Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.2%.
Frequently Asked Questions about Homewood Insurance Company Inc
Is Homewood Insurance Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homewood Insurance Company Inc (EIN: 863299008) insufficient data. 0 red flags identified, 0 strengths noted.
How does Homewood Insurance Company Inc spend its money?
Detailed spending breakdown data is not yet available for Homewood Insurance Company Inc. Check back for updated IRS 990 analysis.
Are donations to Homewood Insurance Company Inc tax-deductible?
Homewood Insurance Company Inc is registered as a tax-exempt nonprofit (EIN: 863299008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homewood Insurance Company Inc located?
Homewood Insurance Company Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 863299008. It is classified under NTEE code Y20.
How many years of IRS 990 filings does Homewood Insurance Company Inc have?
Homewood Insurance Company Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.7M in total revenue.
Filing History
IRS 990 filing history for Homewood Insurance Company Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Homewood Insurance Company Inc's revenue has declined by 23.7%, moving from $3.6M to $2.8M. Total assets increased by 104.4% over the same period, from $4.9M to $10.0M. Total functional expenses fell by 85.6%, from $2.7M to $386K. In its most recent filing year (2024), Homewood Insurance Company Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $5.1M in liabilities against $10.0M in assets (debt-to-asset ratio: 51.2%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $386K | $10.0M | $5.1M | — | View 990 |
| 2023 | $2.6M | $1.5M | $7.4M | $4.9M | — | View 990 |
| 2022 | $3.6M | $2.7M | $4.9M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $386K, and assets of $10.0M (revenue +5.0% year-over-year).
- 2023: Revenue of $2.6M, expenses of $1.5M, and assets of $7.4M (revenue -27.4% year-over-year).
- 2022: Revenue of $3.6M, expenses of $2.7M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homewood Insurance Company Inc:
Data Sources and Methodology
This transparency report for Homewood Insurance Company Inc 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.