Sterling Home Care Inc (EIN 133890611) - 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

1996

Legal Domicile

Phone

9149258278

Tax Period

2023-01-01 to 2023-12-31

Sterling Home Care Inc, founded in 1996, is a mid-sized nonprofit in the Human Services sector that reported $19.9M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOME CARE SERVICES TO SENIORS UNDER A CONTINUOUS QUALITY IMPROVEMENT PROGRAM.

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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 $19,712,796

Investment Income $157,326

Other Revenue $5,550

TOTAL REVENUE $19,875,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,091,886

Fundraising Expenses $0

Program Expenses $16,372,342

Other Expenses $3,411,138

TOTAL EXPENSES $20,503,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,875,672	$18,383,432	+0.1%
Expenses	$20,503,024	$18,291,877	+0.1%
Net Income	$-627,352	$91,555	-7.9%

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

420

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

$1,223,414

Total Directors

Key Employees

$607,003

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	2.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	TRUSTEE	2.0	Director	$0	$0	$0
N/A	PRESIDENT/CEO	12.0	Officer	$200,210	$69,532	$695,189
N/A	CFO AND TREASURER	12.0	Officer	$145,662	$73,030	$528,225
N/A	EXECUTIVE VP OHC	37.5	Key Emp	$307,044	$51,962	$359,006
N/A	VP MARKETING AND FUNDRAISING	12.0	Key Emp	$70,858	$26,567	$247,997
N/A	SUPERVISOR OF CLINICAL SERVICE	37.5	Highest	$138,930	$6,217	$145,147
N/A	HHA	89.1	Highest	$105,170	$27,542	$132,712
N/A	CAMPUS HOME CARE NURSE	37.5	Highest	$111,811	$58,484	$170,295
N/A	CNA	94.6	Highest	$112,472	$21,198	$133,670

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	No data	No data	No data	No data
2023	$19,875,672	$20,503,024	$7,092,898	$-627,352
2022	$18,383,432	$18,291,877	$7,029,740	$91,555
2021	$18,456,183	$18,526,281	$7,611,928	$-70,098
2020	$19,209,248	$20,399,436	$8,660,041	$-1,190,188
2019	$19,443,056	$18,981,517	$9,466,839	$461,539
2018	$18,840,365	$17,769,998	$8,281,133	$1,070,367

Sterling Home Care Inc