Greater Adirondack Home Aides 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

1965

Legal Domicile

Principal Officer

Charles Nelsen

Phone

5189267070

Tax Period

2023-01-01 to 2023-12-31

Greater Adirondack Home Aides Inc, founded in 1965, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2023.

Mission

Greater Adirondack Home Aides, Inc. is a compassionate, professional home care organization providing quality personal care and supportive services to clients and their families throughout Warren, Washington, Saratoga, and surrounding counties.

Program Service Accomplishments

Program 1

Expenses: $3,466,948 Revenue: $3,494,714

The organization provided home health care services in Warren, Washington, and Saratoga counties. Approximately 255 clients were served.

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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 $38,028

Program Service Revenue $3,494,714

Investment Income $-6,674

Other Revenue $1,018

TOTAL REVENUE $3,527,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,321,108

Fundraising Expenses $0

Program Expenses $3,466,948

Other Expenses $531,595

TOTAL EXPENSES $3,852,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,527,086	$3,660,612	0.0%
Expenses	$3,852,703	$3,613,418	+0.1%
Net Income	$-325,617	$47,194	-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

210

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

$92,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia McKinney	Executive Dir.	40.00	Officer	$67,662	$10,168	$77,830
Charles Nelsen	Executive Dir	40.00	Officer	$14,540	$0	$14,540
Lisa Baker	Director	1.50	Director	$0	$0	$0
Peggy Hurlbert	Treasurer	1.50	Officer Director	$0	$0	$0
Stephen Porto	Chair	1.50	Officer Director	$0	$0	$0
Joan Tarantino	Director	1.50	Director	$0	$0	$0
James Burkett	Secretary	1.50	Officer Director	$0	$0	$0
Suzanne Stevens	Vice Chair	1.50	Officer Director	$0	$0	$0
Patricia Bryant	Director	1.50	Director	$0	$0	$0
Kevin Truax	Director	1.50	Director	$0	$0	$0
David Kruczlnicki	Director	1.50	Director	$0	$0	$0
Ginelle Jones	Director	1.50	Director	$0	$0	$0
Julie Smith	Interim Ex. Dir	40.00	Officer	$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	$3,527,086	$3,852,703	$2,030,220	$-325,617
2022	$3,660,612	$3,613,418	$2,289,108	$47,194
2021	$3,338,745	$3,336,917	$2,502,791	$1,828
2020	$3,877,980	$3,670,913	$2,240,838	$207,067
2019	$4,802,163	$4,370,216	$2,134,790	$431,947
2018	$4,736,395	$4,428,948	$1,677,693	$307,447