HAP SENIOR CARE INC (EIN 251840419) - 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

1999

Legal Domicile

Principal Officer

KAREN TABACCHI

Phone

7243753301

Tax Period

2023-01-01 to 2023-12-31

HAP SENIOR CARE INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE SUPPORT TO THE ELDERLY AS THEY MAINTAIN THEIR OPTIMAL LEVEL OF INTERDEPENDENCE AND WELL-BEING.

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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 $436,000

Program Service Revenue $3,420,948

Investment Income $0

Other Revenue $43,345

TOTAL REVENUE $3,900,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,832,614

Fundraising Expenses $0

Program Expenses $2,930,505

Other Expenses $2,292,766

TOTAL EXPENSES $4,125,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,900,293	$3,750,249	+0.0%
Expenses	$4,125,380	$4,254,015	0.0%
Net Income	$-225,087	$-503,766	-0.6%

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

106

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

$1,073,690

Total Directors

$1,073,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE JAVENS	SECRETARY	1.00	Director	$0	$0	$0
CHARLES KENNEDY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES D TURCO	TREASURER	2.00	Officer Director	$0	$31,651	$539,738
KAREN TABACCHI	PRESIDENT	2.00	Officer Director	$0	$25,879	$533,952

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	$3,900,293	$4,125,380	$2,020,273	$-225,087
2022	$3,750,249	$4,254,015	$1,974,734	$-503,766
2021	$4,547,620	$4,643,089	$2,324,052	$-95,469
2020	$4,013,755	$3,873,975	$5,690,175	$139,780
2019	$4,445,663	$4,410,033	$5,672,135	$35,630
2018	$4,232,323	$3,736,920	$5,917,887	$495,403

HAP SENIOR CARE INC