FEGS HOME ATTENDANT 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

1983

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

FEGS HOME ATTENDANT SERVICES INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $55.5M in total revenue in fiscal year 2023.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $47,528,200 Revenue: $55,473,488

FEGS HOME ATTENDANT 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...

FEGS HOME ATTENDANT 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,473,488

Investment Income $18,549

Other Revenue $0

TOTAL REVENUE $55,492,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,661,440

Fundraising Expenses $0

Program Expenses $47,528,200

Other Expenses $4,507,418

TOTAL EXPENSES $54,168,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,492,037	$54,167,070	+0.0%
Expenses	$54,168,858	$55,156,623	0.0%
Net Income	$1,323,179	$-989,553	-2.3%

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

1573

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

$245,340

Total Directors

Key Employees

$511,720

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gabriele Sofos	Executive Dir	20.00	Officer	$197,998	$47,342	$245,340
Nick Glatzer	Dir of Finance	20.00		$105,000	$47,342	$152,342
Junithe Pierre	Clinical Director	40.00	Key Emp	$135,003	$14,982	$149,985
Cindy Davis	Director of Operations	40.00	Key Emp	$148,079	$0	$148,079
Fraiana Polanco	Director of Business Developm	40.00	Key Emp	$125,094	$0	$125,094
Stacey Mason	Director of Compliance	40.00	Key Emp	$88,562	$0	$88,562
Israel Landau	Director	2.00	Director	$0	$0	$0
Moshe Silberstein	Chairman	3.00	Director	$0	$0	$0
Ervin Pismichenko	Director	2.00	Director	$0	$0	$0
Yaakov Abramovitz	Secretary	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
2024	$55,492,037	$54,168,858	$10,632,094	$1,323,179
2023	$54,167,070	$55,156,623	$9,081,662	$-989,553
2022	$42,079,741	$49,173,920	$9,450,116	$-7,094,179
2021	$56,464,662	$45,869,398	$15,195,952	$10,595,264
2020	$49,514,145	$50,213,472	$14,376,579	$-699,327
2019	$45,762,414	$45,000,538	$6,228,910	$761,876