FAMILY HOME HEALTH 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

1995

Legal Domicile

Principal Officer

SCOTT P LA RUE

Phone

9146317200

Tax Period

2024-01-01 to 2024-12-31

FAMILY HOME HEALTH SERVICES INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $22.6M in total revenue in fiscal year 2024.

Mission

FAMILY HOME HEALTH CARE - A COMMUNITY BASED NONPROFIT LICENSED HOME CARE AGENCY PROVIDES COMPASSIONATE, PROFESSIONAL, HOLISTIC, HOME HEALTH CARE SERVICES, AND FOSTERS A QUALITY OF LIFE THAT PROMOTES HUMAN GROWTH AND INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $20,564,906 Revenue: $22,613,146

SERVICES INCLUDE; HOME HEALTH AIDES, PERSONAL CARE AIDES, HOMEMAKERS AND COMPANIONS. STAFF COORDINATES CARE WITH THE FAMILY, PATIENT, PHYSICIAN AND CASE MANAGER. AN INDIVIDUAL PLAN OF CARE IS...

SERVICES INCLUDE; HOME HEALTH AIDES, PERSONAL CARE AIDES, HOMEMAKERS AND COMPANIONS. STAFF COORDINATES CARE WITH THE FAMILY, PATIENT, PHYSICIAN AND CASE MANAGER. AN INDIVIDUAL PLAN OF CARE IS DESIGNED TO MEET THE HEALTHCARE NEEDS AND GOALS OF THE PATIENT. SERVICES ARE AVAILABLE IN WESTCHESTER, ORANGE, ROCKLAND, ULSTER, PUTNAM, AND NYC COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,613,146

Investment Income $0

Other Revenue $21,030

TOTAL REVENUE $22,634,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,272,967

Fundraising Expenses $0

Program Expenses $20,564,906

Other Expenses $2,877,335

TOTAL EXPENSES $23,150,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,634,176	$22,102,706	+0.0%
Expenses	$23,150,302	$21,593,914	+0.1%
Net Income	$-516,126	$508,792	-2.0%

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

678

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

$4,152,078

Total Directors

Key Employees

$232,355

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS J SERBAROLI ESQ	CHAIRMAN	0.10	Officer Director	$0	$0	$0
THOMAS M O'BRIEN	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
DR TARA A CORTES	SECRETARY	0.10	Officer Director	$0	$0	$0
THOMAS E ALBERTO	BOARD MEMBER	0.10	Director	$0	$0	$0
STEVE BUJNO	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN CAHILL	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN T DUNLAP	BOARD MEMBER THRU 06/2024	0.10	Director	$0	$0	$0
THOMAS J FAHEY JR MD	BOARD MEMBER	0.10	Director	$0	$0	$0
ERIC P FELDMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
SISTER SELINE FLORES	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN GLEASON	BOARD MEMBER	0.10	Director	$0	$0	$0
KAREN GRAY	BOARD MEMBER	0.10	Director	$0	$0	$0
CLARION E JOHNSON MD	BOARD MEMBER	0.10	Director	$0	$0	$0
RORY KELLEHER	BOARD MEMBER	0.10	Director	$0	$0	$0
REV MSGR JOSEPH LAMORTE	BOARD MEMBER	0.10	Director	$0	$0	$0
RICHARD PARK	BOARD MEMBER	0.10	Director	$0	$0	$0
KATHRYN ROONEY	BOARD MEMBER	0.10	Director	$0	$0	$0
JOSEPH SAPORITO	BOARD MEMBER	0.10	Director	$0	$0	$0
GT SWEENEY	BOARD MEMBER	0.10	Director	$0	$0	$0
BISHOP GERALD WALSH	BOARD MEMBER	0.10	Director	$0	$0	$0
LESLIE KASEGRANDE	BOARD MEMBER	0.10	Director	$0	$0	$0
CYNTHIA ROBERT	BOARD MEMBER	0.10	Director	$0	$0	$0
DR PATRICIA TOOKER	BOARD MEMBER	0.10	Director	$0	$0	$0
SCOTT P LA RUE	PRESIDENT/CEO	0.10	Officer	$0	$439,006	$2,416,042
ANNMARIE COVONE	EXECUTIVE VP & CFO	0.10	Officer	$0	$369,602	$1,736,036
STEPHEN C GEROWSKI	EXECUTIVE DIRECTOR	37.50	Key Emp	$189,741	$42,614	$232,355
NICKETTA S WHYTE	VP OF LHCSA SERVICES	37.50	Highest	$169,479	$42,614	$212,093
RENEE PICHARDO	RN	37.50	Highest	$111,250	$0	$111,250
SERGE P DESVARIEUX	FIELD SUPERVISOR	37.50	Highest	$105,334	$27,140	$132,474
CELESTE MENESES	DIRECTOR OF BUSINESS OPERATIONS	37.50	Highest	$109,579	$13,646	$123,225

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	$22,634,176	$23,150,302	$3,856,107	$-516,126
2023	$22,102,706	$21,593,914	$3,656,493	$508,792
2022	$16,010,398	$16,260,940	$3,578,760	$-250,542
2021	$14,598,356	$16,251,393	$2,569,495	$-1,653,037
2020	$16,764,163	$17,122,142	$3,250,647	$-357,979
2019	$19,342,498	$19,222,272	$5,719,521	$120,226
2018	$15,244,455	$15,286,774	$4,838,418	$-42,319