HOME AIDES OF CENTRAL NEW YORK INC (EIN 160916474) - 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

1966

Legal Domicile

Principal Officer

MARY KATE ROLF

Phone

3154779320

Tax Period

2023-01-01 to 2023-12-31

HOME AIDES OF CENTRAL NEW YORK INC, founded in 1966, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2023. Expenses of $5.9M exceeded revenue, resulting in a 38% operating deficit.

Mission

IT IS THE MISSION OF HOME AIDES OF CENTRAL NEW YORK, INC. (DBA NASCENTIA HOME AIDES) TO BE THE PREMIER HOME AND COMMUNITY-BASED CARE SYSTEM FOR THE REGIONS WE SERVE.HOME AIDES OF CENTRAL NEW YORK, INC.'S GOAL OF MAINTAINING, RESTORING AND PROMOTING THE HEALTH AND INDEPENDENCE OF THOSE WE SERVE IS ACHIEVED BY UTILIZING OUR AGENCY AND COMMUNITY RESOURCES, BY WORKING COLLABORATIVELY, AND BY PROVIDING THE PROPER ENVIRONMENT FOR DEVELOPMENT AND RETENTION OF A CARING, COMPETENT STAFF.

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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 $61,084

Program Service Revenue $4,162,239

Investment Income $63,788

Other Revenue $407

TOTAL REVENUE $4,287,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,749,341

Fundraising Expenses $0

Program Expenses $4,285,436

Other Expenses $2,178,581

TOTAL EXPENSES $5,927,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,287,518	$4,489,535	0.0%
Expenses	$5,927,922	$6,379,702	-0.1%
Net Income	$-1,640,404	$-1,890,167	-0.1%

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

160

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

$1,250,622

Total Directors

Key Employees

$285,481

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN CROSSETT 18-24	PAST CHAIR	0.50	Officer Director	$0	$0	$0
KEVIN WADE 18-24	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DELL FORD JORDAN 18-20 21-24	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT GALUSHA 18-24	CHAIR	0.50	Officer Director	$0	$0	$0
LAWRENCE WILLIAMS 20-24	DIRECTOR	0.50	Director	$0	$0	$0
ANITA LOMBARDI 18-24	TREASURER	0.50	Officer Director	$0	$0	$0
MARION HANCOCK FISH 20-24	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA MANIGAULT SPEARS 19-24	DIRECTOR	0.50	Director	$0	$0	$0
COLIN LEONARD 19-24	SECRETARY	0.50	Officer Director	$0	$0	$0
LOUIS FOURNIER 21-24	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH MALDONADO JR MD 21-24	DIRECTOR	0.50	Director	$0	$0	$0
LAURA SERWAY 21-23	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN CONLEY 21-23	DIRECTOR	0.50	Officer Director	$0	$0	$0
SEAN BARRON 22-24	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN MURPHY 22-24	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS DENNISON 22-24	DIRECTOR	0.50	Director	$0	$0	$0
ROANN DESTITO 22-24	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA JEAN DONOVAN 23-24	DIRECTOR	0.50	Director	$0	$0	$0
MARY KATE ROLF	PRESIDENT AND CEO	4.50	Officer	$0	$172,794	$653,150
JUNE CASTLE	CAO/CFO	1.00	Officer	$0	$47,076	$332,469
BASIL ARIGLIO	CFO	2.00	Officer	$0	$9,447	$265,003
ANDREA LAZAREK-LAQUAY	CHIEF CLINICAL OFFICER	3.75	Key Emp	$0	$14,733	$285,481
ANDREA MACDONALD	MANAGER, CLINICAL OPS	40.00	Highest	$110,319	$18,719	$129,038
TAMMY LINDSAY	CHIEF OF STAFF	2.00	Highest	$0	$28,300	$252,249

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	$4,287,518	$5,927,922	$729,124	$-1,640,404
2022	$4,489,535	$6,379,702	$817,004	$-1,890,167
2021	$5,475,117	$6,048,362	$649,708	$-573,245
2020	$8,234,271	$7,329,161	$619,692	$905,110
2019	$6,955,540	$7,567,718	$705,097	$-612,178
2018	$6,754,377	$7,299,960	$891,372	$-545,583

HOME AIDES OF CENTRAL NEW YORK INC