SHARED SERVICES HOME HEALTH CARE CORP

EIN: 261365915 501(c)(3) Health Care

SALINE, MI

Total Revenue
$2,403,627
Total Expenses
$2,471,022
Total Assets
$974,194
Net Assets
$-302,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MI
Principal Officer
KARI RENNIE
Phone
7342952220
Tax Period
2024-05-01 to 2025-04-30

SHARED SERVICES HOME HEALTH CARE CORP, founded in 2007, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

IT IS THE MISSION OF THE EVANGELICAL HOMES OF MICHIGAN, A HEALTH AND HUMAN SERVICE MINISTRY RELATED TO THE UNITED CHURCH OF CHRIST, TO PROVIDE HEALTH AND HOUSING SERVCIES TO PERSONS WHO ARE ELDERLY IN A MANNER WHICH RESPECTS THEIR RIGHTS, DIGNITY AND WORTH AS CHILDREN OF GOD AND TO RENDER THOSE SERVCES WITH COMPASSION AND PATIENCE IN ACCORDANCE WITH THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS.

Program Service Accomplishments

Program 1
Expenses: $2,112,106 Revenue: $2,403,151

THE ORGANIZATION PROVIDES HOME CARE SERVICES TO PATIENTS. THE TOTAL HOME VISITS PROVIDED TO CLIENTS WERE 12,819 VISITS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,403,151
Investment Income $476
Other Revenue $0
TOTAL REVENUE $2,403,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,949,227
Fundraising Expenses $0
Program Expenses $2,112,106
Other Expenses $521,795
TOTAL EXPENSES $2,471,022

Year-over-Year Comparison

2024 2023 Change
Revenue $2,403,627 $2,886,078 -0.2%
Expenses $2,471,022 $2,725,013 -0.1%
Net Income $-67,395 $161,065 -1.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
45
Volunteers
12

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
8
$397,166
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS A HOSINSKI CHIEF EXECUTIVE OFFICER (TIL 9/24) 0.40
Officer
$0 $10,171 $280,397
JULIE A WIEWIORA CHIEF FINANCIAL OFFICER (TIL 5/24) 0.40
Officer
$0 $6,104 $99,942
MATTHEW C KELLER HOME CARE PHYSICAL THERAPIST 40.00
Highest
$121,684 $12,455 $134,139
STEVE HOLDA CHIEF FINANCIAL OFFICER (START 11/24) 0.40
Officer
$0 $0 $16,827
KARI RENNIE CHIEF EXECUTIVE OFFICER (START 3/25) 0.40
Officer
$0 $0 $0
REV JAMES CURENTON BOARD CHAIR 0.50
Officer Director
$0 $0 $0
REV LINDA ANDERSON VICE CHAIR 0.20
Officer Director
$0 $0 $0
JIM MANGI TREASURER 0.10
Officer Director
$0 $0 $0
REV CHARITY OMARTUIAN SECRETARY 0.10
Officer Director
$0 $0 $0
REV DR ED BRAY DIRECTOR 0.10
Director
$0 $0 $0
REV DR GEOFFREY DRUTCHAS DIRECTOR 0.10
Director
$0 $0 $0
MARGHERITA FISHER DIRECTOR 0.10
Director
$0 $0 $0
REV DR HERMAN HALLER DIRECTOR 0.10
Director
$0 $0 $0
ANGELA JAMISON DIRECTOR 0.10
Director
$0 $0 $0
MARILYN PEARSON DIRECTOR 0.10
Director
$0 $0 $0
REV CASE VAN KEMPEN DIRECTOR 0.10
Director
$0 $0 $0
DR PAUL T VON OEYEN DIRECTOR 0.10
Director
$0 $0 $0
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
2025 $2,403,627 $2,471,022 $974,194 $-67,395
2024 $2,886,078 $2,725,013 $1,206,373 $161,065
2023 $2,959,007 $2,922,043 $1,003,527 $36,964
2022 $3,373,360 $2,555,192 $1,215,692 $818,168
2021 $2,430,110 $2,146,115 $1,063,280 $283,995
2020 $2,479,413 $3,225,744 $804,400 $-746,331
2019 $2,943,538 $3,668,588 $1,188,176 $-725,050
2018 $3,374,384 $3,992,136 $1,417,924 $-617,752
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