HOOSIER CARE PROPERTIES INC (EIN 200377349) - 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

2003

Legal Domicile

Phone

6156479004

Tax Period

2024-07-01 to 2025-06-30

HOOSIER CARE PROPERTIES INC, founded in 2003, is a mid-sized nonprofit that reported $26.1M in total revenue in fiscal year 2024. Expenses of $24.9M left a modest 5% surplus.

Mission

The organization was Established to OWN, MAINTAIN, AND OPERATE NURSING HOMES FOR ELDERLY PERSONS.

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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 $110,000

Program Service Revenue $26,329,508

Investment Income $-689,781

Other Revenue $368,397

TOTAL REVENUE $26,118,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,550,649

Fundraising Expenses $0

Program Expenses $20,945,047

Other Expenses $13,310,447

TOTAL EXPENSES $24,861,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,118,124	$26,426,783	0.0%
Expenses	$24,861,096	$26,179,952	-0.1%
Net Income	$1,257,028	$246,831	+4.1%

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

468

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

$1,751,038

Total Directors

$1,091,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglass Smith	Director/President	2.0	Officer Director	$0	$37,141	$561,328
Chris Hodges	Director	0.2	Director	$0	$0	$60,000
Jim Ridenour	Director/Chairman	0.2	Director	$0	$0	$148,000
Jo Ann Corbitt	Director	0.2	Director	$0	$0	$89,500
John G Foos	Director	0.2	Director	$0	$0	$83,000
Laura Hawken	Director	0.2	Director	$0	$0	$69,000
Stephen F Wood Jr	Director	0.2	Director	$0	$0	$80,500
Andrea Barach	VP AND CORPORATE SECRETARY	2.0	Officer	$0	$18,010	$335,721
Christopher Louder	VP FINANCE	2.0	Officer	$0	$40,143	$271,546
Chrisula Watts	Chief People Officer (beginning Nov 2024)	2.0	Officer	$0	$1,555	$30,748
Linda Clark	COO	2.0	Officer	$0	$16,903	$280,917
Timothy Buist	Chief Strategic and Implementation Officer	0.5	Officer	$0	$10,980	$270,778
Jacqueline Routt	Executive Director	40.0	Highest	$143,399	$5,169	$148,568
Jeremy Peterson	Respiratory Therapist	40.0	Highest	$119,986	$4,200	$124,186
Jessica Bates	Executive Director	40.0	Highest	$121,547	$12,874	$134,421
Manoj Berry	Executive Director	40.0	Highest	$163,358	$20,711	$184,069
Selinda Stevens	Licensed Practical Nurse	40.0	Highest	$104,795	$13,802	$118,597
Stephen F Wood Sr	Former Director	0.0		$0	$0	$42,000

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	$26,118,124	$24,861,096	$85,538,105	$1,257,028
2024	$26,426,783	$26,179,952	$69,027,311	$246,831
2023	$23,995,635	$26,203,503	$60,274,254	$-2,207,868
2022	$23,011,935	$24,685,007	$63,022,548	$-1,673,072
2021	$26,652,992	$28,233,651	$58,844,363	$-1,580,659
2020	$18,200,779	$19,934,849	$62,182,894	$-1,734,070
2019	$17,728,415	$18,786,972	$63,750,531	$-1,058,557
2018	$17,281,359	$16,718,508	$41,122,631	$562,851

HOOSIER CARE PROPERTIES INC