RESEARCH INSTITUTE FOR HOME 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

2008

Legal Domicile

Principal Officer

JENNIFER SCHILLER

Phone

2022393671

Tax Period

2023-01-01 to 2023-12-31

RESEARCH INSTITUTE FOR HOME CARE, founded in 2008, is a small nonprofit in the Health Care sector that reported $257K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $377K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE MISSION OF RESEARCH INSTITUTE FOR HOME CARE IS TO LEAD AND SUPPORT RESEARCH AND EDUCATION ON THE VALUE HOME HEALTH CARE CAN OFFER TO PATIENTS AND THE U.S. HEALTH CARE SYSTEM. WORKING WITH RESEARCHERS, KEY EXPERTS AND THOUGHT LEADERS, AND PROVIDERS AND STAKEHOLDERS ACROSS THE SPECTRUM OF CARE, WE STRIVE TO FOSTER SOLUTIONS THAT WILL IMPROVE HEALTH CARE IN AMERICA. THE INSTITUTE'S VISION IS TO DEFINE THE FUTURE OF HEALTH CARE AT HOME THROUGH RESEARCH, EDUCATION, QUALITY, AND INNOVATION THAT SUPPORTS HEALTHY PATIENTS AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $207,323

RESEARCH AND DATA ANALYSIS: PART OF THE INSTITUTE'S MISSION IS TO SPONSOR RESEARCH AND DATA ANALYSIS ON THE VALUE OF HOME CARE. THE INSTITUTE AWARDED ONE NEW GRANT IN 2022. THE INSTITUTE ISSUED A...

RESEARCH AND DATA ANALYSIS: PART OF THE INSTITUTE'S MISSION IS TO SPONSOR RESEARCH AND DATA ANALYSIS ON THE VALUE OF HOME CARE. THE INSTITUTE AWARDED ONE NEW GRANT IN 2022. THE INSTITUTE ISSUED A TOTAL OF TEN GRANTS THROUGH 2023, WITH FIVE ACTIVE IN 2023.

Program 2

Expenses: $60,254

COMMUNICATION AND EDUCATION: THE INSTITUTE'S MISSION ALSO INCLUDES EDUCATION ON THE VALUE OF HOME CARE. THE INSTITUTE ENGAGED IN COMMUNICATIONS ABOUT THE FUTURE OF HOME HEALTH CARE IN TRADITIONAL AND SOCIAL MEDIA, WEBINARS, AND SPEAKING ENGAGEMENTS FOR INSTITUTE EXECUTIVE DIRECTOR ON DATA AND THE VALUE OF HOME CARE.

Program 3

Expenses: $49,828

QUALITY AND INNOVATION: THE INSTITUTE ENGAGED IN QUALITY AND INNOVATION RELATED INITIATIVES AS PART OF ITS MISSION. IN ADDITION, THE INSTITUTE MADE REVISIONS TO THE HOME CARE CHARTBOOK.

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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 $256,900

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,900

Expense Breakdown

Grants Paid $101,156

Salaries & Benefits $136,355

Fundraising Expenses $0

Program Expenses $317,405

Other Expenses $139,718

TOTAL EXPENSES $377,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,900	$282,750	-0.1%
Expenses	$377,229	$320,834	+0.2%
Net Income	$-120,329	$-38,084	+2.2%

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

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

$127,752

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD STELLY	SECRETARY	1.00	Officer Director	$0	$0	$0
DR BRUCE LEFF	DIRECTOR	1.00	Director	$0	$0	$0
MARK BAIADA	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER SHEETS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOAN DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN GILMARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SMITH SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DOMBI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SCHILLER	EXECUTIVE DIRECTOR	40.00	Officer	$101,102	$26,650	$127,752

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	$256,900	$377,229	$543,221	$-120,329
2022	$282,750	$320,834	$640,304	$-38,084
2021	$220,000	$333,063	$672,143	$-113,063
2020	$335,830	$406,095	$789,037	$-70,265
2019	$485,824	$517,730	$859,861	$-31,906
2018	$504,237	$421,342	$785,679	$82,895