PARTNERS IN HOME CARE INC

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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

1985

Legal Domicile

Principal Officer

ALBERT SALEM

Phone

8565521300

Tax Period

2023-01-01 to 2023-12-31

PARTNERS IN HOME CARE INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 53% operating deficit.

Mission

TO PROVIDE HOME HEALTH AIDE SERVICES, HOMEMAKER SERVICES, PRIVATE DUTY NURSING, CLINIC STAFFING AND RELATED SERVICES TO PRIVATE PAY OR INSURED PATIENTS.

Program Service Accomplishments

Program 1

Expenses: $1,261,334 Revenue: $1,119,147

SKILLED NURSING CARE, HOME HEALTH AID/HOMEMAKER, AND THERAPY PROVIDED TO PATIENTS IN THEIR HOMES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,119,147

Investment Income $52

Other Revenue $240,215

TOTAL REVENUE $1,359,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $930,822

Fundraising Expenses $0

Program Expenses $1,261,334

Other Expenses $1,143,983

TOTAL EXPENSES $2,074,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,359,414	$2,128,283	-0.4%
Expenses	$2,074,805	$2,366,551	-0.1%
Net Income	$-715,391	$-238,268	+2.0%

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

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

$396,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A ZIELINSKI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT M KLESMER	MEMBER	1.00	Director	$0	$0	$0
ADRIENNE FRANCIOSI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
J DOUGLAS PLASKET	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CHARLOTTE A HOLCOMBE	PRESIDENT/CEO	37.50	Officer	$0	$11,838	$396,877
DIANA MEARS RITZ	DIRECTOR OF COMMUNITY COUN	37.50	Highest	$117,170	$16,485	$133,655

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	No data	No data	No data	No data
2023	$1,359,414	$2,074,805	$214,577	$-715,391
2022	$2,128,283	$2,366,551	$259,464	$-238,268
2021	$2,684,814	$2,781,095	$296,271	$-96,281
2020	$2,480,833	$3,355,391	$185,875	$-874,558
2019	$3,587,416	$4,630,562	$363,392	$-1,043,146
2018	$4,712,954	$5,826,684	$607,808	$-1,113,730