Androscoggin Home Health Services Inc (EIN 010227184) - 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

1966

Legal Domicile

Principal Officer

Robert Gagnon

Phone

2077777740

Tax Period

2023-01-01 to 2023-12-31

Androscoggin Home Health Services Inc, founded in 1966, is a mid-sized nonprofit in the Health Care sector that reported $56.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Androscoggin Home Healthcare and Hospice is an organization about living, dedicated to enhancing quality of life by providing innovative and compassionate medical care for all.

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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 $3,012,745

Program Service Revenue $51,620,628

Investment Income $863,116

Other Revenue $543,243

TOTAL REVENUE $56,039,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,293,271

Fundraising Expenses $637,275

Program Expenses $50,924,219

Other Expenses $14,208,253

TOTAL EXPENSES $59,501,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,039,732	$49,574,011	+0.1%
Expenses	$59,501,524	$58,324,005	+0.0%
Net Income	$-3,461,792	$-8,749,994	-0.6%

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

632

Volunteers

146

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

$592,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Keene	Board Chair	1.00	Officer Director	$0	$0	$0
Debra Fournier	Vice Chair	1.00	Officer Director	$0	$0	$0
Jeffrey Gosselin	Treasurer	1.00	Officer Director	$0	$0	$0
John Alexander	Secretary	1.00	Officer Director	$0	$0	$0
Daniel Bazemore	Board Member	1.00	Director	$0	$0	$0
Phillip Crowell Jr	Board Member	1.00	Director	$0	$0	$0
Philip Harriman	Member At Large	1.00	Director	$0	$0	$0
David MacMahon	Board Member	1.00	Director	$0	$0	$0
John O'Malley	Board Member	1.00	Director	$0	$0	$0
Christopher Pezzullo	Board Member	1.00	Director	$0	$0	$0
Heather Printup	Board Member	1.00	Director	$0	$0	$0
Alex Roy	Board Member	1.00	Director	$0	$0	$0
Paul Anderson	Past Board Member	1.00	Director	$0	$0	$0
Mavis Duboard	Past Board Member	1.00	Director	$0	$0	$0
Christopher Gagnon	Past Board Member	1.00	Director	$0	$0	$0
James Joseph	Past Board Member	1.00	Director	$0	$0	$0
Michael Martel	Past Board Member	1.00	Director	$0	$0	$0
Kenneth Albert	President/CEO	40.00	Officer	$347,133	$9,629	$356,762
Robert Gagnon	Chief Financial and Operating Officer	40.00	Officer	$214,098	$21,799	$235,897
Vance Brown	Chief Medical Officer	40.00	Highest	$304,457	$32,858	$337,315
Myra Ross	Physician	40.00	Highest	$250,272	$10,276	$260,548
Cynthia DeSoi	Physician	40.00	Highest	$249,979	$10,259	$260,238
Katrina Sink	Physician	40.00	Highest	$187,734	$16,492	$204,226
Elizabeth Hart	Hospice Medical Director	40.00	Highest	$192,641	$31,914	$224,555

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$56,039,732	$59,501,524	$43,851,014	$-3,461,792
2022	$49,574,011	$58,324,005	$45,557,510	$-8,749,994
2021	$52,066,043	$46,812,473	$55,511,179	$5,253,570
2020	$44,574,729	$42,731,992	$52,313,396	$1,842,737
2019	$41,372,612	$38,943,111	$42,897,686	$2,429,501
2018	$35,024,768	$35,449,018	$38,566,368	$-424,250

Androscoggin Home Health Services Inc