COOPERATIVE HOME HEALTH CARE OF AT… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

HAK KIM

Phone

6094847300

Tax Period

2019-07-01 to 2020-06-30

COOPERATIVE HOME HEALTH CARE OF ATLANTIC COUNTY INC, founded in 2001, is a micro nonprofit in the Health Care sector that reported $700 in total revenue in fiscal year 2019. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 23187% operating deficit.

Mission

HOME HEALTH AGENCY DRIVEN BY CUSTOMER SERVICE NEEDS AND EXPECTATIONS, QUALITY, AND VALUES, PROVIDING SKILLED NURSING, REHAB THERAPY SERVICES, AND CERTIFIED HOME HEALTH AIDE SERVICES, ALL IN THE EFFORT TO ACHIEVE OPTIMAL HEALTH IN THE HOME SETTING.

Program Service Accomplishments

Program 1

Expenses: $163,011

COOPERATIVE HOME HEALTH CARE OF ATLANTIC COUNTY, INC. WAS ORIGINALLY FORMED AS A MEDICARE CERTIFIED HOME HEALTH AGENCY PROVIDING SKILLED NURSING SERVICES, PHYSICAL, OCCUPATIONAL, AND SPEECH...

COOPERATIVE HOME HEALTH CARE OF ATLANTIC COUNTY, INC. WAS ORIGINALLY FORMED AS A MEDICARE CERTIFIED HOME HEALTH AGENCY PROVIDING SKILLED NURSING SERVICES, PHYSICAL, OCCUPATIONAL, AND SPEECH REHABILITATION THERAPY; AS WELL AS SOCIAL WORK, NUTRITIONAL SERVICES AND HOME HEALTH AIDES TO HOMEBOUND PATIENTS IN SOUTHERN NEW JERSEY. THE ENTITY HAS SINCE CEASED CONDUCTING BUSINESS AS OF JUNE 1, 2019. THE EXPENSES INCURRED FOR THE FY19 IS A RESULT OF THE ENTITY WINDING DOWN ITS BUSINESS AND SETTLING THEIR AFFAIRS.

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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 $0

Program Service Revenue $0

Investment Income $700

Other Revenue $0

TOTAL REVENUE $700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,011

Other Expenses $163,011

TOTAL EXPENSES $163,011

Year-over-Year Comparison

	2019	2018	Change
Revenue	$700	$14,086,548	-1.0%
Expenses	$163,011	$9,327,702	-1.0%
Net Income	$-162,311	$4,758,846	-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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$2,161,619

Total Directors

$2,025,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI LU SCHIEDER	CHAIRPERSON	1.00	Officer Director	$0	$83,477	$617,661
HAK KIM	TRUSTEE	1.00	Officer Director	$0	$15,694	$509,556
CHARISSE FIZER	TRUSTEE	1.00	Officer Director	$0	$24,736	$439,831
ELIZABETH READEAU	TRUSTEE	1.00	Officer Director	$0	$35,928	$233,079
ELLEN WOLOWNIK	TRUSTEE	1.00	Officer Director	$0	$34,562	$225,243
THERESE SENESE	DIRECTOR OF FINANCE	1.00	Officer	$0	$30,468	$136,249

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	$700	$163,011	$4,009,582	$-162,311
2019	$14,086,548	$9,327,702	$5,387,639	$4,758,846
2018	$9,913,917	$11,558,395	$1,546,558	$-1,644,478

COOPERATIVE HOME HEALTH CARE OF ATLANTIC COUNTY INC