GREATCARE INC

EIN: 202310333 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$54,709,132
Total Expenses
$54,627,992
Total Assets
$7,498,033
Net Assets
$2,614,254
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
BARBARA WANG
Phone
6462675677
Tax Period
2024-01-01 to 2024-12-31

GREATCARE INC, founded in 2005, is a mid-sized nonprofit in the Human Services sector that reported $54.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOME HEALTH CARE TO INDIVIDUALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $54,633,929
Investment Income $75,203
Other Revenue $0
TOTAL REVENUE $54,709,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,326,502
Fundraising Expenses $0
Program Expenses $54,627,992
Other Expenses $8,301,490
TOTAL EXPENSES $54,627,992

Year-over-Year Comparison

2024 2023 Change
Revenue $54,709,132 $52,723,877 +0.0%
Expenses $54,627,992 $52,671,407 +0.0%
Net Income $81,140 $52,470 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
N/A
Employees
2234
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
2
$1,742,000
Total Directors
2
$1,742,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIAN PENG PRESIDENT 40.00
Officer Director
$882,000 $0 $882,000
BARBARA WANG VICE PRESIDENT 40.00
Officer Director
$860,000 $0 $860,000
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
2024 $54,709,132 $54,627,992 $7,498,033 $81,140
2023 $52,723,877 $52,671,407 $4,389,149 $52,470
2022 $48,420,029 $48,335,135 $5,346,251 $84,894
2021 $43,084,551 $40,905,763 $4,284,136 $2,178,788
2020 $39,137,836 $39,053,488 $4,318,770 $84,348
2019 $95,878 No data $3,755,996 No data
2018 $44,258 No data $3,626,790 No data
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GREATCARE INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.