NEWBURGH, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDEPENDENT HOME CARE INC, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $21.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $19.0M left a modest 12% surplus.
INDEPENDENT HOME CARE, INC.'S (IHC) PRIMARY PURPOSE IS TO OFFER CONSUMER DIRECTED HOME CARE SERVICES GUIDING INDIVIDUALS TO RECRUIT, INTERVIEW, HIRE, TRAIN AND DISMISS THEIR OWN PERSONAL ASSISTANT WHO PROVIDES HOME HEALTH SERVICES TO AN INDIVIDUAL IN THEIR HOME. IN ADDITION, IHC WAS ORGANIZED TO PROVIDE FUNDS AND OTHER ASSISTANCE TO AND FOR THE BENEFIT TO ITS AFFILIATES, INDEPENDENT LIVING, INC. AND IL STRATEGY GROUP INC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $21,731,579 | $17,616,227 | +0.2% |
| Expenses | $19,046,016 | $16,722,567 | +0.1% |
| Net Income | $2,685,563 | $893,660 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES WALWYN | CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW WEYANT | VICE CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JEAN L MINKEL | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DONNA PONESSA | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| COLIN JARVIS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DOUGLAS HOVEY | PRESIDENT & CHIEF EXECUTIVE OFFICER | 25.00 |
Officer
|
$0 | $5,400 | $299,269 |
| MORRIS BREITSTEIN | CHIEF FINANCIAL OFFICER | 25.00 |
Officer
|
$0 | $0 | $71,130 |
| KATHLEEN SHEARER | PERSONAL AIDE | 40.00 |
Highest
|
$127,038 | $0 | $127,038 |
| NATHANIEL NEIFFER | PERSONAL AIDE | 40.00 |
Highest
|
$132,173 | $0 | $132,173 |
| URICE ROBERTS | PERSONAL AIDE | 40.00 |
Highest
|
$132,656 | $0 | $132,656 |
| MATTHEW SMITH | PERSONAL AIDE | 40.00 |
Highest
|
$125,004 | $0 | $125,004 |
| VERTEL ROBB | PERSONAL AIDE | 40.00 |
Highest
|
$124,112 | $0 | $124,112 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $21,731,579 | $19,046,016 | $17,378,831 | $2,685,563 |
| 2023 | $17,616,227 | $16,722,567 | $15,187,977 | $893,660 |
| 2022 | $16,430,526 | $14,938,281 | $14,045,264 | $1,492,245 |
| 2021 | $16,171,715 | $13,888,672 | $12,916,827 | $2,283,043 |
| 2020 | $15,993,655 | $14,254,600 | $12,440,571 | $1,739,055 |
| 2019 | $15,175,482 | $13,839,230 | $6,874,665 | $1,336,252 |
| 2018 | $14,487,043 | $13,898,849 | $5,043,017 | $588,194 |
Compare INDEPENDENT HOME CARE INC with other nonprofits in New York and across the country.