HEALTHCARE OPTIONS INC

EIN: 222543620 501(c)(3)

Attleboro, MA

Total Revenue
$3,885,896
Total Expenses
$2,607,946
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MA
Principal Officer
Reynold G Spadoni
Phone
5082220118
Tax Period
2020-01-01 to 2020-12-31

HEALTHCARE OPTIONS INC, founded in 1984, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2020. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 33% operating margin.

Mission

Healthcare Options provides in home health care services, operates three adult day health centers and coordinated dental care for elders in need. Operations were discontinued due to COVID 19 and adult day programs were sold on December 31, 2020

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,352,223
Program Service Revenue $1,533,635
Investment Income $38
Other Revenue $0
TOTAL REVENUE $3,885,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,027,225
Fundraising Expenses $0
Program Expenses $1,583,759
Other Expenses $1,580,721
TOTAL EXPENSES $2,607,946

Year-over-Year Comparison

2020 2019 Change
Revenue $3,885,896 $5,032,440 -0.2%
Expenses $2,607,946 $5,504,974 -0.5%
Net Income $1,277,950 $-472,534 -3.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
111
Volunteers
15

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
$400,291
Total Directors
18
$574,906
Key Employees
1
$122,384
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reynold G Spadoni CEO 4
Officer
$0 $13,832 $400,291
Dawn Sullivan COO 2.75
Director
$0 $13,026 $208,091
Russell T Dubuc CFO 1.5
Director
$0 $8,294 $189,895
Marlene Roberti Director Business Development 1.25
Director
$0 $13,026 $176,920
Julie Feierstein Physical Therapist 0
Highest
$0 $19,787 $126,948
Eileen Leduc Nurse Manager 0
Highest
$0 $8,294 $126,283
Gail Robey Registered Nurse 0
Highest
$0 $8,294 $123,544
Cathie Miller Occupational Therapist 0
Highest
$0 $19,787 $123,439
Mary Westphal Registered Nurse 0
Highest
$0 $8,294 $123,036
Deborah Zapasnik Director Human Resources 2.5
Key Emp
$0 $13,026 $122,384
Frederick Woll OD President 0.25
Director
$0 $0 $0
Carie Ann Bailey Vice-President 0.25
Director
$0 $0 $0
Gerard Lavoie Treasurer 0.25
Director
$0 $0 $0
Carolyn Blake Dibbert Clerk 0.25
Director
$0 $0 $0
Jeffrey Bradley Member 0.25
Director
$0 $0 $0
Susan Girard Dolan Member 0.25
Director
$0 $0 $0
Geoffrey Gallant Member 0.25
Director
$0 $0 $0
Paul Lenahan Member 0.25
Director
$0 $0 $0
Michael Murphy Member 0.25
Director
$0 $0 $0
Lisa Piscatelli Member 0.25
Director
$0 $0 $0
Michael Poissant Member 0.25
Director
$0 $0 $0
Elise M Servant Member 0.25
Director
$0 $0 $0
Suzanne Vargas Member 0.25
Director
$0 $0 $0
Maureen Wilkinson Member 0.25
Director
$0 $0 $0
Mark Young MD Member 0.25
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
2020 $3,885,896 $2,607,946 No data $1,277,950
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