AUGUSTA, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
HOME CARE FOR MAINE DEVELOPED 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.
HOME CARE FOR MAINE OFFERED SERVICES THAT FOSTERED WELL-BEING AND INDEPENDENCE THROUGH PARTNERSHIP WITH CONSUMERS, FAMILIES, AND STAFF. AFTER OPERATING SINCE 1994, THE ORGANIZATION CEASED PROVIDING...
HOME CARE FOR MAINE OFFERED SERVICES THAT FOSTERED WELL-BEING AND INDEPENDENCE THROUGH PARTNERSHIP WITH CONSUMERS, FAMILIES, AND STAFF. AFTER OPERATING SINCE 1994, THE ORGANIZATION CEASED PROVIDING SERVICES. IN THE CURRENT YEAR, IT RECEIVED REVENUE FROM RETROACTIVE RATE ADJUSTMENTS, AND PAID MAINE UNEMPLOYMENT TO THE STATE OF MAINE FOR FORMER PERSONAL CARE ATTENDANTS ON A PAY-AS-YOU-GO-BASIS. IT CONTINUES TO DO SO.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HOME RESOURCES OF MAINE INC D/B/A HOME CARE FOR MAINE with other nonprofits in Maine and across the country.