Help Services Network 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

1988

Legal Domicile

Principal Officer

Eartha Harrington

Phone

6178252673

Tax Period

2020-07-01 to 2021-06-30

Help Services Network Inc, founded in 1988, is a small nonprofit that reported $251K in total revenue in fiscal year 2020. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $521K exceeded revenue, resulting in a 108% operating deficit.

Mission

Provide home health care services to help individuals and families who are coping with illness or diasbilities.

Program Service Accomplishments

Program 1

Expenses: $432,126 Revenue: $0

Provide home health aid, personal care assistance, homemaking, skilled nursing care, emotional and companionship, and support for the elderly in the Greater Boston Metropolitan area.

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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 $250,870

Investment Income $17

Other Revenue $0

TOTAL REVENUE $250,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,053

Fundraising Expenses $0

Program Expenses $432,126

Other Expenses $147,138

TOTAL EXPENSES $521,191

Year-over-Year Comparison

	2020	2019	Change
Revenue	$250,887	$557,036	-0.5%
Expenses	$521,191	$539,434	0.0%
Net Income	$-270,304	$17,602	-16.4%

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

Volunteers

N/A

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

Total Directors

$89,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eartha Harrington	President	40.00	Director Highest	$89,231	$0	$89,231
Edgar Harrington	Treasurer	40.00	Officer	$0	$0	$0
Katherine Baker	Officer	2.00	Officer	$0	$0	$0

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	$250,887	$521,191	$248,575	$-270,304
2019	$562,017	$584,444	$422,661	$-22,427