HOME HEALTH MANAGEMENT SERVICES 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

1979

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

HOME HEALTH MANAGEMENT SERVICES INC, founded in 1979, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $11.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $9,068,559 Revenue: $9,272,838

HOME HEALTH MANAGEMENT SERVICES, INC. provdes home care services to Medicaid eligible residents of New York City. Services are provided pursuant to a contract with the City of New York Human...

HOME HEALTH MANAGEMENT SERVICES, INC. provdes home care services to Medicaid eligible residents of New York City. Services are provided pursuant to a contract with the City of New York Human Resources Administration, as well as under various contracts with Medicaid funded Managed Care Organizations.

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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 $9,272,838

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,272,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,277,687

Fundraising Expenses $0

Program Expenses $9,068,559

Other Expenses $1,814,714

TOTAL EXPENSES $11,092,401

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,272,838	$29,796,343	-0.7%
Expenses	$11,092,401	$29,618,136	-0.6%
Net Income	$-1,819,563	$178,207	-11.2%

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

645

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

$104,905

Total Directors

Key Employees

$199,841

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA KING	DIR PATIENT SVC	35.00	Key Emp	$123,339	$0	$123,339
Samuel Kornitzer	Acting Executive Dir	20.00	Officer	$78,897	$0	$78,897
Amy White	Director of Operations	35.00	Key Emp	$76,502	$0	$76,502
GABRIELE SOFOS	ASST DIRECTOR	20.00	Officer	$26,008	$0	$26,008
Israel Landau	Director	2.00	Director	$0	$0	$0
Pinchas Abowitz	Secretary	2.00	Director	$0	$0	$0
Moshe Silberstein	Chairman	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	$9,272,838	$11,092,401	$5,788,508	$-1,819,563
2022	$29,796,343	$29,618,136	$8,260,923	$178,207
2021	$29,036,744	$28,611,283	$12,973,416	$425,461
2020	$32,093,034	$32,490,906	$12,103,713	$-397,872
2019	$32,650,561	$32,483,390	$7,597,085	$167,171