HOME ATTENDANT SERVICE OF HYDE PARK INC (EIN 112522076) - 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

Tax Period

2022-07-01 to 2023-06-30

HOME ATTENDANT SERVICE OF HYDE PARK INC, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $10.5M in total revenue in fiscal year 2022. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

The Agency provides home care services to Medicaid eligible New York City residents.

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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 $0

Program Service Revenue $10,498,901

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,498,901

Expense Breakdown

Grants Paid $820

Salaries & Benefits $10,590,978

Fundraising Expenses $0

Program Expenses $9,973,323

Other Expenses $1,624,247

TOTAL EXPENSES $12,216,045

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,498,901	$31,741,412	-0.7%
Expenses	$12,216,045	$31,473,616	-0.6%
Net Income	$-1,717,144	$267,796	-7.4%

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

662

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

$156,647

Total Directors

Key Employees

$360,408

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIELE SOFOS	ASST DIRECTOR	20.00	Officer	$156,647	$0	$156,647
MARTHA PAREJA	DIR PATIENT SVC	35.00	Key Emp	$125,999	$0	$125,999
Nick Glatzer	Dir of Finance	20.00	Key Emp	$85,099	$27,826	$112,925
SAMUEL KORNITZER	Comptroller	20.00	Key Emp	$73,684	$0	$73,684
Cindy Davis	Director of Operations	35.00	Key Emp	$47,800	$0	$47,800
Heshel Mandel	Secretary	2.00	Director	$0	$0	$0
Moshe Silberstein	Chairman	2.00	Director	$0	$0	$0
Israel Landau	Director	2.00	Director	$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
2023	$10,498,901	$12,216,045	$8,772,695	$-1,717,144
2022	$31,741,412	$31,473,616	$10,587,707	$267,796
2021	$32,637,387	$32,988,272	$16,110,375	$-350,885
2020	$34,558,187	$34,730,352	$15,969,079	$-172,165
2019	$35,448,545	$35,371,468	$9,406,665	$77,077

HOME ATTENDANT SERVICE OF HYDE PARK INC