HOME CARE ALLIANCE OF MASSACHUSETT… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

JAKE KRILOVICH

Phone

6174828830

Tax Period

2022-07-01 to 2023-06-30

HOME CARE ALLIANCE OF MASSACHUSETTS INC, founded in 1969, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

CONNECTING AND EDUCATING PEOPLE AND ORGANIZATIONS TO ADVANCE THE HEALTH OF PEOPLE AND COMMUNITIES THROUGH ACCESS TO QUALITY CARE AND SERVICES IN THE HOME.

Program Service Accomplishments

Program 1

Expenses: $969,541 Revenue: $211,663

EDUCATIONAL CONFERENCES AND SEMINARS, PUBLICATIONS AND NEWSLETTERS, REGULATORY AND LEGISLATIVE ADVOCACY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $885,253

Program Service Revenue $201,014

Investment Income $48,440

Other Revenue $20,241

TOTAL REVENUE $1,154,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $928,236

Fundraising Expenses $0

Program Expenses $969,541

Other Expenses $320,537

TOTAL EXPENSES $1,248,773

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,154,948	$1,245,217	-0.1%
Expenses	$1,248,773	$1,189,151	+0.1%
Net Income	$-93,825	$56,066	-2.7%

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

Volunteers

105

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

$326,967

Total Directors

$168,461

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH COSTELLO	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN GOMES	PRESIDENT	1.00	Officer Director	$0	$0	$0
RENEE MCINNES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOANNE MACINNIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JAKE KRILOVICH	EXECUTIVE DIRECTOR	39.00	Officer Director	$155,039	$13,422	$168,461
MARK SURPRENANT	TREASURER	1.00	Officer Director	$0	$0	$0
KEREN DIAMOND	DIRECTOR THROUGH 06/2023	1.00	Director	$0	$0	$0
JIM REYNOLDS	DIRECTOR THROUGH 06/2023	1.00	Director	$0	$0	$0
REY SPADONI	DIRECTOR THROUGH 06/2023	1.00	Director	$0	$0	$0
ANN BREITNER	DIRECTOR THROUGH 06/2023	1.00	Director	$0	$0	$0
JO-MARY KOOPMAN	DIRECTOR	1.00	Director	$0	$0	$0
FOLUSO TOLA OLUBANJO	DIRECTOR	1.00	Director	$0	$0	$0
RYAN STADELMANN	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY CHAFFEE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS DADDABBO	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA DOMPIERRE	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN STAMERIS	DIRECTOR	1.00	Director	$0	$0	$0
CONOR MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BEAUDIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DEAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SALMON	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY BURGERS	ASSOCIATE DIRECTOR	20.00	Officer	$139,836	$18,670	$158,506
COLLEEN PIERRO	DIRECTOR OF REGULATORY & CLINICAL AFFAIRS	20.00	Highest	$134,927	$17,650	$152,577

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	$1,154,948	$1,248,773	$2,275,484	$-93,825
2022	$1,245,217	$1,189,151	$1,531,113	$56,066
2021	$960,150	$1,164,897	$1,777,504	$-204,747
2020	$1,135,473	$1,177,642	$1,524,041	$-42,169
2019	$1,156,627	$1,203,635	$1,482,636	$-47,008
2018	$1,242,537	$1,196,877	$1,623,416	$45,660

HOME CARE ALLIANCE OF MASSACHUSETTS INC