EDDY LICENSED HOME CARE AGENCY

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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

1999

Legal Domicile

Principal Officer

MICHELLE MAZZACCO

Phone

5182746200

Tax Period

2023-01-01 to 2023-12-31

EDDY LICENSED HOME CARE AGENCY, founded in 1999, is a small nonprofit that reported $122K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 25% operating margin.

Mission

WE, ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING.EDDY LICENSED HOME CARE AGENCY IS A MEMBER OF ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $85,180 Revenue: $88,502

EDDY LICENSED HOME CARE AGENCY (ELHCA) IS A STATE-LICENSED HOME CARE AGENCY. THE AGENCY WORKS WITH HOSPITAL PERSONNEL, PHYSICIANS, COMMUNITY AGENCIES, AND PATIENTS AND THEIR FAMILIES TO DEVELOP A...

EDDY LICENSED HOME CARE AGENCY (ELHCA) IS A STATE-LICENSED HOME CARE AGENCY. THE AGENCY WORKS WITH HOSPITAL PERSONNEL, PHYSICIANS, COMMUNITY AGENCIES, AND PATIENTS AND THEIR FAMILIES TO DEVELOP A UNIQUE PLAN OF CARE THAT INCREASES THE RANGE OF SERVICES TRADITIONALLY PROVIDED IN THE HOME.THE AGENCY WAS CLOSED AS OF MAY 2, 2023 AFTER RECEIVING APPROVAL OF ITS CLOSURE PLAN FROM THE NEW YORK STATE DEPARTMENT OF HEALTH. SEE PART III, LINE 3 ABOVE FOR ADDITIONAL INFORMATION ABOUT THE AGENCY'S CLOSURE.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.SPHP.COM

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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 $88,502

Investment Income $33,078

Other Revenue $0

TOTAL REVENUE $121,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,542

Fundraising Expenses $0

Program Expenses $85,180

Other Expenses $19,549

TOTAL EXPENSES $91,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,580	$716,896	-0.8%
Expenses	$91,091	$359,978	-0.7%
Net Income	$30,489	$356,918	-0.9%

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

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

$3,634,826

Total Directors

$3,763,898

Key Employees

$278,351

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HANKS MD	DIRECTOR; PRESIDENT & CEO	0.10	Officer Director	$0	$270,856	$1,598,942
ROBERT MCCORMICK	DIRECTOR; CHAIR	0.10	Officer Director	$0	$0	$0
KATHLEEN JIMINO	DIRECTOR; TREASURER	0.10	Officer Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR; VICE CHAIR	0.10	Officer Director	$0	$0	$0
GUHA BALA	DIRECTOR	0.10	Director	$0	$0	$0
GARY DAKE	DIRECTOR	0.10	Director	$0	$0	$0
MARY ANN LOGIUDICE RSM	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL ISACKSEN	DIRECTOR; TRINITY HEALTH CFO	0.10	Director	$0	$373,703	$2,164,209
LEE MCELROY JR	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL MEATH	DIRECTOR	0.10	Director	$0	$0	$0
GINA MYERS PHD	DIRECTOR; CONSULTANT	0.10	Director	$0	$0	$747
MERRIETTE POLLARD	DIRECTOR	0.10	Director	$0	$0	$0
KERRI SWEET ZAVAGLIA ESQ	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM WILDRIDGE III	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT SWIDLER ESQ	SEC & VP/GENERAL COUNSEL THR 6/23	0.10	Officer	$0	$757	$134,961
THOMAS ROBERT	VP & CFO, NEW YORK REGION	0.10	Officer	$0	$70,497	$838,371
MICHELLE MAZZACCO	EVP, CONTINUING CARE	1.00	Officer	$0	$34,185	$442,521
KRISTIN SIGNOR	VP FINANCE OPERATIONS, CONT CARE	1.00	Officer	$0	$45,782	$330,721
ERIC FARRELL	INT SEC AT 7/23; ASSOC CNSL, NY REG	0.10	Officer	$0	$47,131	$289,310
LYNETTE TURO	REGIONAL VP OPERATIONS	1.00	Key Emp	$0	$21,534	$278,351
KIM BAKER	FMR OFFICER; SPHP SVP HOSPITAL OPS	0.00		$0	$140,032	$826,865
JAMES REED MD	FORMER OFFICER	0.00		$0	$19,112	$222,855

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	$121,580	$91,091	$2,495,217	$30,489
2022	$716,896	$359,978	$2,461,588	$356,918
2021	$742,802	$528,324	$2,540,771	$214,478
2020	$3,158,807	$2,259,398	$2,464,684	$899,409
2019	$3,712,989	$2,965,907	$1,382,122	$747,082
2018	$4,070,997	$3,515,149	$558,179	$555,848