RISEBORO HOMECARE INC (EIN 112521680) - 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

1979

Legal Domicile

Principal Officer

KIERAN HARRINGTON

Phone

7188210254

Tax Period

2023-07-01 to 2024-06-30

RISEBORO HOMECARE INC, founded in 1979, is a mid-sized nonprofit that reported $32.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE COMPREHENSIVE, QUALITY HOME CARE SERVICES TO THE FRAIL, THE ELDERLY THE DISABLED.RISEBORO HOMECARE ASSISTS CLIENTS IN MAINTAINING THEIR INDEPENDENCE BY ASSISTING THEM WITH ACTIVITIES OF DAILY LIVING, WHICH ENABLE THEM TO FUNCTION AS INDEPENDENTLY AS POSSIBLE IN THEIR COMMUNITY WHILE MAINTAINING THEIR DIGNITY AND SELF ESTEEM. WE DO THIS THROUGH THEPROVISION OF DIGNIFIED, CULTURALLY SENSITIVE, ACCESSIBLE, QUALITY HOMECARE SERVICES IN AN INDIVIDUALIZED AND FAMILY CENTERED ENVIRONMENT.WE SEEK TO EMPOWER INDIVIDUALS AND THEIR FAMILIES OR INFORMAL SUPPORTS TO IMPROVE AND ACHIEVE A BETTER QUALITY OF LIFE IN HEALTHY HOME ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $141,296

Program Service Revenue $32,706,893

Investment Income $9,131

Other Revenue $65,766

TOTAL REVENUE $32,923,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,677,635

Fundraising Expenses $0

Program Expenses $31,567,134

Other Expenses $4,164,095

TOTAL EXPENSES $33,841,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,923,086	$34,967,400	-0.1%
Expenses	$33,841,730	$36,265,714	-0.1%
Net Income	$-918,644	$-1,298,314	-0.3%

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

858

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

$766,950

Total Directors

Key Employees

$186,887

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D SHUCK	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
VIRGINIA TORRES	SECRETARY	0.20	Officer Director	$0	$0	$0
LARRY FERNANDEZ	TREASURER	0.20	Officer Director	$0	$0	$0
JONATHAN HOLMAN	DIRECTOR	0.20	Director	$0	$0	$0
JOANN STOCK	DIRECTOR	0.20	Director	$0	$0	$0
ANDREA TAN	DIRECTOR	0.20	Director	$0	$0	$0
PAUL DEROSA	DIRECTOR	0.20	Director	$0	$0	$0
ANGELA M BATTAGLIA	DIRECTOR	0.20	Director	$0	$0	$0
ROHAN MEHRA	DIRECTOR	0.20	Director	$0	$0	$0
JEANETTE CEPEDA	DIRECTOR	0.20	Director	$0	$0	$0
EGONDU M ONUOHA	DIRECTOR	0.20	Director	$0	$0	$0
SAM JOSEPH AMIRFAR	DIRECTOR	0.20	Director	$0	$0	$0
DANIEL MINERVA	DIRECTOR	0.20	Director	$0	$0	$0
CATHERINE KIM	DIRECTOR TO 10/17/23	0.20	Director	$0	$0	$0
GREGORY CALISTE	DIRECTOR TO 10/23/23	0.20	Director	$0	$0	$0
SCOTT SHORT	CEO	10.00	Officer	$0	$44,973	$615,738
JENNIFER NHU NGUYEN	CFO TO 8/1/23	5.00	Officer	$0	$1,973	$126,212
KIERAN HARRINGTON	CO-CEO AS OF 4/1/24	10.00	Officer	$0	$0	$0
VISHAL SHYAM CHAWLA	CFO AS OF 11/27/23	5.00	Officer	$0	$0	$25,000
PAMELA VEGA WATLER	ADMINSTRATOR OF HEALTH	40.00	Key Emp	$162,716	$24,171	$186,887

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	$32,923,086	$33,841,730	$6,216,897	$-918,644
2023	$34,967,400	$36,265,714	$9,931,770	$-1,298,314
2022	$39,815,488	$36,716,087	$12,545,079	$3,099,401
2021	$36,337,116	$41,278,181	$14,931,211	$-4,941,065
2020	$37,763,616	$38,044,094	$19,134,352	$-280,478
2019	$39,027,464	$38,612,161	$9,268,602	$415,303
2018	$36,350,607	$35,602,575	$8,752,656	$748,032

RISEBORO HOMECARE INC