Home Care of Lake County

EIN: 205272436 501(c)(3) Health Care

Cleveland, OH

Total Revenue
$3,971
Total Expenses
$8,361
Total Assets
$115,506
Net Assets
$67,264
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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
2006
Legal Domicile
OH
Principal Officer
Christopher Sterben
Phone
2163657856
Tax Period
2022-07-01 to 2023-06-30

Home Care of Lake County, founded in 2006, is a micro nonprofit in the Health Care sector that reported $4K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 111% operating deficit.

Mission

Provide home skilled services, physical, occupational & speech therapy, medical social services and personal care.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,971
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,017
Other Expenses $8,361
TOTAL EXPENSES $8,361

Year-over-Year Comparison

2022 2021 Change
Revenue $3,971 $5,089 -0.2%
Expenses $8,361 $136,984 -0.9%
Net Income $-4,390 $-131,895 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Sterben Trustee 0.5
Director
$0 $0 $0
Charles D Slone Trustee 0.5
Director
$0 $0 $0
Pam Sprosty Trustee 0.5
Director
$0 $0 $0
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
2023 $3,971 $8,361 $115,506 $-4,390
2022 $5,089 $136,984 $105,249 $-131,895
2021 $192,145 $23,788 $236,413 $168,357
2020 $60,308 $37,540 $82,634 $22,768
2019 $506,042 $543,926 $148,230 $-37,884
2018 $1,282,764 $1,190,834 $186,114 $91,930
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