PALLIATIVE HOME CARE OF NIAGARA 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

2001

Legal Domicile

Principal Officer

CARLO FIGLIOMENI

Phone

7164394417

Tax Period

2024-07-01 to 2025-06-30

PALLIATIVE HOME CARE OF NIAGARA INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $6.0M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HOME CARE SERVICES TO PRE-HOSPICE AND HOSPICE PATIENTS INCLUDING HOME HEALTH AIDES AND THE RENTAL AND SALE OF DURABLE MEDICAL EQUIPMENT.

Program Service Accomplishments

Program 1

Expenses: $3,857,173 Revenue: $4,474,490

HOME CARE: AS A LICENSED HOME CARE AGENCY (LHCSA), SERVICES ARE PROVIDED TO PATIENTS THAT INCLUDE PERSONAL CARE (BATHING, TOILETING, FEEDING, DRESSING, GROOMING), LIGHT HOUSEKEEPING, SHOPPING, MEAL PREPARATION, ESCORT TO APPOINTMENTS, ECT. SERVICES ARE PROVIDED BY LICENSED PRACTICAL NURSES (LPN), REGISTERED NURSES (RN), CERTIFIED NURSING ASSISTANTS (CNA), HOME HEALTH AIDES (HHA), OR HOMEMAKERS (HM) DEPENDING ON SKILL REQUIRED. OTHER SERVICES PROVIDED INCLUDE LONG-TERM CARE FOR PATIENTS WITH CHRONIC ILLNESSES AND WORKING DIRECTLY WITH PHYSICIANS AND OTHER REFERRAL SOURCES TO ENSURE THE PATIENT HAS A SMOOTH TRANSITION HOME IN A CONTINUUM OF CARE. CURRENTLY, REVENUE IS GENERATED PRIMARILY BY PROVIDING HOME HEALTH AIDE AND HOMEMAKER SERVICES.

Program 2

Expenses: $1,020,385 Revenue: $1,366,470

DURABLE MEDICAL EQUIPMENT: REVENUE IS GENERATED BY PROVIDING A BROAD RANGE OF MEDICAL EQUIPMENT TO PATIENT HOMES THROUGHOUT WESTERN NEW YORK VIA RENTAL OR SALE OF EQUIPMENT. THIS EQUIPMENT INCLUDES OXYGEN CONCENTRATORS, NEBULIZERS, AMBULATORY AIDS (SUCH AS WHEELCHAIRS AND WALKERS), EMERGENCY RESPONSE SYSTEMS SERVICES TO CALL FOR HELP, PATIENT ROOM EQUIPMENT SUCH AS HOSPITAL BEDS AND COMMODES, BATHROOM SAFETY ITEMS (SUCH AS TRANSFER BENCHES AND SHOWER CHAIRS). CURRENTLY, MOST REVENUE IS GENERATED BY SERVICING PATIENT OF THE VARIOUS HOSPICES OF WESTERN NEW YORK. ADDITIONALLY REVENUES ARE GENERATED THROUGH NON-HOSPICE PATIENTS WITH MEDICARE AND OTHER THIRD PARTY INSURANCE (SUCH AS INDEPENDENT HEALTH, UNIVERA, BLUE CROSS, ETC.)

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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 $5,840,963

Investment Income $197,715

Other Revenue $-44,784

TOTAL REVENUE $5,993,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,345,797

Fundraising Expenses $0

Program Expenses $4,877,558

Other Expenses $1,767,098

TOTAL EXPENSES $6,112,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,993,894	$7,801,075	-0.2%
Expenses	$6,112,895	$6,439,004	-0.1%
Net Income	$-119,001	$1,362,071	-1.1%

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

310

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK DEMART	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOHN DEPASQUALE	DIRECTOR	0.50	Director	$0	$0	$0
JON JOYCE	DIRECTOR	0.50	Director	$0	$0	$0
MR LIGAMMARI	SECRETARY	0.50	Director	$0	$0	$0
JAMES CARMINATI	TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT M KANIA	DIRECTOR OF PATIENT SERVICES	37.50	Highest	$126,118	$6,102	$132,220
YOLANDA SCOTT	CDPAS	37.50	Highest	$107,155	$0	$107,155

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
2025	$5,993,894	$6,112,895	$6,477,755	$-119,001
2024	$7,801,075	$6,439,004	$6,877,307	$1,362,071
2023	$5,576,442	$5,489,468	$5,327,053	$86,974
2022	$6,090,489	$4,891,966	$5,238,649	$1,198,523
2021	$6,771,721	$6,044,351	$5,102,123	$727,370
2020	$7,857,122	$7,743,212	$4,711,405	$113,910
2019	$8,242,499	$8,035,667	$3,486,461	$206,832
2018	$6,105,547	$5,854,069	$3,520,477	$251,478