VISITING HOMEMAKER HOME HEALTH AIDE SERVICE OF BERGEN COUNTY INC (EIN 221610844) - 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

1956

Legal Domicile

Principal Officer

ED REMSEN

Phone

2014880763

Tax Period

2019-01-01 to 2019-12-31

VISITING HOMEMAKER HOME HEALTH AIDE SERVICE OF BERGEN COUNTY INC, founded in 1956, is a micro nonprofit that reported $28K in total revenue in fiscal year 2019. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 212% operating deficit.

Mission

VISITING HOMEMAKER HOME HEALTH AIDE SERVICE OF BERGEN COUNTY, INC. ("VHS") IS A NOT-FOR-PROFIT CORPORATION CREATED FOR THE PRINCIPAL PURPOSE OF FOSTERING ADEQUATE CARE FOR THE CHRONICALLY ILL THROUGH THE PROVISION OF HOMEMAKER SERVICES, TO SERVE AS A MEANS OF PREVENTING THE DISRUPTION OF FAMILY LIFE CAUSED BY CHRONIC OR ACUTE ILLNESS IN THE HOME, AND OF COOPERATING WITH OTHER PUBLIC OR PRIVATE AGENCIES CONCERNED WITH ILLNESS IN THE HOME.

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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 (2019)

Revenue Breakdown

Contributions & Grants $341

Program Service Revenue $62

Investment Income $0

Other Revenue $27,629

TOTAL REVENUE $28,032

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $18,399

Fundraising Expenses $0

Program Expenses $50,000

Other Expenses $19,148

TOTAL EXPENSES $87,547

Year-over-Year Comparison

	2019	2018	Change
Revenue	$28,032	$866,355	-1.0%
Expenses	$87,547	$765,627	-0.9%
Net Income	$-59,515	$100,728	-1.6%

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

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
WILLIAM P BOCHICCHIO	PRESIDENT	1.00	Officer Director	$0	$0	$0
IRAM P VALENTIN ESQ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS LOONEY	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
ED REMSEN	EXECUTIVE DIRECTOR	40.00	Officer	$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
2019	$28,032	$87,547	No data	$-59,515
2018	$866,355	$765,627	$64,751	$100,728

VISITING HOMEMAKER HOME HEALTH AIDE SERVICE OF BERGEN COUNTY INC