NORTHERN HOMECARE SERVICES (EIN 261540182) - 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

2007

Legal Domicile

Principal Officer

JONATHAN MEAD

Phone

9067864701

Tax Period

2023-10-01 to 2024-09-30

NORTHERN HOMECARE SERVICES, founded in 2007, is a community nonprofit in the Human Services sector that reported $9.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 13% surplus.

Mission

TO PROVIDE SERVICES & RESOURCES FOR INDIVIDUALS SEEKING LONG TERM CARE, HEALTH-RELATED, SERVICES.

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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 $8,948,474

Investment Income $280,435

Other Revenue $202

TOTAL REVENUE $9,229,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,554,394

Fundraising Expenses $0

Program Expenses $7,647,858

Other Expenses $462,128

TOTAL EXPENSES $8,016,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,229,111	$8,382,140	+0.1%
Expenses	$8,016,522	$7,272,110	+0.1%
Net Income	$1,212,589	$1,110,030	+0.1%

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

800

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

$276,614

Total Directors

$324,587

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ROSS-DUBORD	BOARD MEMBER	1.00	Director	$0	$6,475	$64,127
MELISSA KOSITZKY	BOARD MEMBER	1.00	Director	$0	$6,632	$82,583
EMILY DESALVO	BOARD MEMBER	1.00	Director	$0	$2,978	$72,489
MELISSA SHEEDLO	TREASURER	1.00	Officer Director	$0	$8,919	$105,388
JONATHAN MEAD	CHAIR	1.00	Officer	$0	$14,882	$171,226

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	$9,229,111	$8,016,522	$9,463,176	$1,212,589
2023	$8,382,140	$7,272,110	$8,309,810	$1,110,030
2022	$7,851,007	$7,004,913	$7,163,175	$846,094
2021	$7,857,480	$6,955,671	$6,311,409	$901,809
2020	$5,957,419	$5,071,901	$5,356,473	$885,518
2019	$5,661,201	$4,822,979	$4,390,024	$838,222
2018	$5,362,152	$4,666,695	$3,537,905	$695,457

NORTHERN HOMECARE SERVICES