HOME RESOURCES OF MAINE INC D/B/A HOME CARE FOR MAINE (EIN 010490620) - 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

1994

Legal Domicile

Principal Officer

STEPHEN LECLAIR

Phone

2075828001

Tax Period

2020-07-01 to 2021-06-30

HOME RESOURCES OF MAINE INC D/B/A HOME CARE FOR MAINE, founded in 1994, is a micro nonprofit in the Human Services sector that reported $72K in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $507K exceeded revenue, resulting in a 609% operating deficit.

Mission

HOME CARE FOR MAINE WILL DEVELOP A PARTNERSHIP BETWEEN THE CONSUMER, THEIR NATURAL SUPPORT SYSTEM, AND THE STAFF TO MAINTAIN AND PROMOTE THE WELL-BEING AND INDEPENDENCE OF OLDER AND DISABLED ADULTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $71,130

Investment Income $388

Other Revenue $0

TOTAL REVENUE $71,518

Expense Breakdown

Grants Paid $367,000

Salaries & Benefits $123,156

Fundraising Expenses $0

Program Expenses $490,156

Other Expenses $17,219

TOTAL EXPENSES $507,375

Year-over-Year Comparison

	2020	2019	Change
Revenue	$71,518	$5,929,998	-1.0%
Expenses	$507,375	$7,421,136	-0.9%
Net Income	$-435,857	$-1,491,138	-0.7%

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

381

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

$175,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANBURGEL BARBARA	DIRECTOR	0.20	Director	$0	$0	$0
GIANOPOULOS CHRISTINE	VICE CHAIR	0.20	Officer Director	$0	$0	$0
LECLAIR STEVE	TREASURER & CHAIRPERSON	0.20	Officer Director	$0	$0	$0
TRIBUNO CRAIG	SECRETARY	0.20	Officer Director	$0	$0	$0
HESKETH ANGELA	CONTROLLER	20.00	Officer	$109,051	$0	$109,051
PALMER DAWN M	CEO	20.00	Officer	$62,598	$4,211	$66,809

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
2021	$71,518	$507,375	$24,813	$-435,857
2020	$5,929,998	$7,421,136	$460,670	$-1,491,138
2019	$8,329,521	$8,591,656	$2,398,445	$-262,135
2018	$9,173,917	$9,174,402	$2,684,097	$-485

HOME RESOURCES OF MAINE INC D/B/A HOME CARE FOR MAINE