WAVERLY CARE

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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

2021

Legal Domicile

Principal Officer

THOMAS P GARVIN

Phone

6106458600

Tax Period

2023-01-01 to 2023-12-31

WAVERLY CARE, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $10.1M in total revenue in fiscal year 2023. Expenses of $9.0M left a modest 11% surplus.

Mission

WAVERLY CARE PROVIDES HIGH QUALITY HOME CARE SERVICES FOR ADULTS LIVING IN THE DELAWARE VALLEY WITH AN UNSURPASSED LEVEL OF PERSONALIZED CARE. WE ACCOMPLISH THIS BY BEING DEDICATED TO EMPLOYEE EDUCATION AND CLIENT SATISFACTION.

Program Service Accomplishments

Program 1

Expenses: $7,707,997 Revenue: $10,100,105

WAVERLY CARE PROVIDES PRIVATE DUTY COMPANION SERVICES FOR RESIDENTS OF WAVERLY HEIGHTS AND CLIENTS IN THE SURROUNDING AREAS, PRIMARILY IN MONTGOMERY COUNTY, PA. DURING 2023, WAVERLY CARE SERVED 214...

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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 $10,100,105

Investment Income $85

Other Revenue $377

TOTAL REVENUE $10,100,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,648,296

Fundraising Expenses $0

Program Expenses $7,707,997

Other Expenses $1,349,912

TOTAL EXPENSES $8,998,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,100,567	$10,047,071	+0.0%
Expenses	$8,998,208	$8,908,114	+0.0%
Net Income	$1,102,359	$1,138,957	0.0%

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

268

Volunteers

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

$1,397,338

Total Directors

$692,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS P GARVIN	PRESIDENT & CEO	1.00	Officer Director	$0	$32,466	$692,968
STEVEN D KIRKPATRICK	CHAIR	1.00	Officer Director	$0	$0	$0
ANNE N CONROY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA GILBERT	TRUSTEE	1.00	Director	$0	$0	$0
CAROL GRAY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MCLAUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT L SUPPER	SENIOR VP OF FINANCE & CFO	1.00	Officer	$0	$25,640	$410,525
PATRICIA RODGERS	VP & DIRECTOR OF OPERATIONS	44.50	Officer	$0	$25,293	$293,845
NICOLE MILLER	COMPANION	93.67	Highest	$114,932	$0	$114,932

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	$10,100,567	$8,998,208	$1,700,629	$1,102,359
2022	$10,047,071	$8,908,114	$1,742,152	$1,138,957
2021	No data	No data	$2,157,625	No data