CIRCLE HOME INC

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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

1909

Legal Domicile

Principal Officer

KAREN GOMES

Phone

9784599343

Tax Period

2020-10-01 to 2021-09-30

CIRCLE HOME INC, founded in 1909, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2020. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

CIRCLE HOME, INC. ENABLES INDIVIDUALS TO REMAIN SAFELY IN THEIR HOMES BY PROVIDING THE HIGHEST QUALITY HOME HEALTH, HOSPICE, AND OTHER COMMUNITY HEALTH SERVICES.

Program Service Accomplishments

Program 1

Expenses: $10,465,834 Revenue: $10,819,601

HOME HEALTH CARE - PROVIDE NECESSARY CARE & TREATMENT TO PATIENTS, IN THEIR HOMES, WITHOUT REGARD FOR THEIR ABILITY TO PAY. THIS CARE IS MORE COST EFFECTIVE, FOR CERTAIN POPULATIONS, THAN INPATIENT CARE.HOME HEALTH CARE IS FOR PATIENTS WHO HAVE DIFFICULTY GETTING OUT OF THE HOUSE, AND WHO NEED HELP WITH:*RECOVERY AFTER SURGERY OR A HOSPITAL STAY*HEALING AFTER A SERIOUS INJURY*COPING WITH A MAJOR CHANGE IN HEALTH*MEDICAL TREATMENTS THAT REQUIRE A NURSE OR THERAPIST*PREVENTING COMPLICATIONS AFTER CHILDBIRTH*LEARNING HOW TO SUCCESSFULLY MANAGE A CHRONIC DISEASE

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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 $733,439

Program Service Revenue $10,819,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,553,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,554,710

Fundraising Expenses $2,824

Program Expenses $10,465,834

Other Expenses $2,892,066

TOTAL EXPENSES $11,446,776

Year-over-Year Comparison

	2020	2019	Change
Revenue	$11,553,040	$10,016,658	+0.2%
Expenses	$11,446,776	$11,424,468	+0.0%
Net Income	$106,264	$-1,407,810	-1.1%

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

154

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

$1,968,324

Total Directors

$6,051,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN E GOMES	PRESIDENT/CEO	0.50	Officer Director	$0	$14,421	$404,419
SCOTT A COLLINS	CHAIR	0.50	Officer Director	$0	$0	$0
BARBARA B SAGER	CO VICE CHAIR	0.50	Officer Director	$0	$0	$0
KARA DOYLE	CO VICE CHAIR	0.50	Officer Director	$0	$0	$0
NAOMI PRENDERGAST	CO VICE CHAIR (UNTIL JAN. 2021)	0.50	Officer Director	$0	$0	$0
SUSAN GREEN	TREASURER	0.50	Officer Director	$0	$40,823	$859,570
DANIEL A HAYES JR	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN P CHEMALY	TRUSTEE (UNTIL DEC. 2020)	0.50	Director	$0	$0	$0
MICHAEL DANDORPH	TRUSTEE	0.50	Director	$0	$32,232	$1,546,389
EDA GEORGE RN PH D	TRUSTEE	0.50	Director	$0	$0	$0
DEBRA S GRABOWSKI	TRUSTEE	0.50	Director	$0	$0	$0
DR JOEL B HELLMANN	TRUSTEE (UNTIL DEC. 2020)	0.50	Director	$0	$0	$0
JOHN F PROCHILO	TRUSTEE	0.50	Director	$0	$0	$0
SUSAN M SANDBERG	TRUSTEE (UNTIL JULY 2021)	0.50	Director	$0	$37,182	$804,325
KEITH N SOUCIE	TRUSTEE	0.50	Director	$0	$0	$0
DR MICHAEL WAGNER MD	TRUSTEE	0.50	Director	$0	$184,679	$1,363,320
JOSEPH WHITE	TRUSTEE	0.50	Director	$0	$23,820	$1,073,578
DR RAYMOND H LEWIS JR	TRUSTEE	0.50	Director	$0	$0	$0
DIANE FARRAHER-SMITH	CHIEF CLINICAL INTEGRATION OFFICER	1.00	Officer	$0	$34,800	$302,680
CHARLES WHIPPLE ESQ	ASSISTANT SECRETARY	0.50	Officer	$0	$40,435	$401,655
ELAINE BUSSEY	CLINICAL SUPERVISOR	40.00	Highest	$141,859	$3,918	$145,777
JONOTHAN MITCHELL	IT SERVICE DELIVERY MANAGER	40.00	Highest	$132,922	$0	$132,922
JOANNE PICANSO	SN SUPERVISOR	40.00	Highest	$112,245	$11,217	$123,462
KIMBERLY HALLORAN	SN SUPERVISOR	40.00	Highest	$100,244	$30,749	$130,993
CLAUDIA HARTMAN	PHYSICAL THERAPIST	40.00	Highest	$106,909	$10,884	$117,793
WILLIAM WYMAN	FORMER SR. VP, FINANCE/TREAS.	0.00		$0	$23,545	$427,957

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	$11,553,040	$11,446,776	$3,678,636	$106,264
2021	$173,211	$99,593	No data	$73,618
2020	$10,016,658	$11,424,468	$4,519,686	$-1,407,810
2019	$15,007,137	$13,875,883	$3,734,280	$1,131,254
2018	$15,778,380	$14,435,725	$12,679,523	$1,342,655