HAMASPIK CARE INC

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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

2011

Legal Domicile

Principal Officer

ASHER KATZ

Phone

8554262774

Tax Period

2024-01-01 to 2024-12-31

HAMASPIK CARE INC, founded in 2011, is a major nonprofit in the Health Care sector that reported $318.6M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $278.7M left a modest 13% surplus.

Mission

THE ORGANIZATION PROVIDES PERSONAL CARE AIDES (HOME ATTENDANTS) AND HOME HEALTH AIDES TO CHRONICALLY ILL OR PHYSICALLY DISABLED INDIVIDUALS WHO HAVE A MEDICAL NEED FOR HELP WITH ACTIVITIES OF DAILY LIVING OR SKILLED NURSING SERVICES. THE ORGANIZATION ALSO SERVICES THE OPWDD COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $274,436,143 Revenue: $315,185,424

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $315,185,424

Investment Income $3,464,366

Other Revenue $0

TOTAL REVENUE $318,649,790

Expense Breakdown

Grants Paid $25,000,000

Salaries & Benefits $248,285,640

Fundraising Expenses $0

Program Expenses $274,436,143

Other Expenses $5,448,827

TOTAL EXPENSES $278,734,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,649,790	$253,154,516	+0.3%
Expenses	$278,734,467	$211,815,085	+0.3%
Net Income	$39,915,323	$41,339,431	0.0%

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

10777

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

$1,136,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YITZCHOK KORNBLUH	PRESIDENT	2.00	Director	$0	$0	$0
PINCHAS TEICHMAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
SHULEM LOWINGER	SECRETARY & TREASURER	2.00	Director	$0	$0	$0
EUGENE PORGES	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHER KATZ	EXECUTIVE DIRECTOR	46.00	Officer	$600,739	$68,468	$669,207
JOSEPH PODRIGAL	CHIEF FINANCIAL OFFICER	39.00	Officer	$411,822	$55,354	$467,176
DAVID KRASNER	PATIENT LIAISON	38.00	Highest	$232,656	$27,915	$260,571
CHANIE CZIMENT	DIRECTOR COORDINATION	40.00	Highest	$235,502	$16,449	$251,951
HADASSAH ABERGIL	HR SUPERVISOR	35.00	Highest	$167,411	$36,553	$203,964
MARINA PINES	ADMIN HUMAN RESOURCES DIRECTOR	36.00	Highest	$180,087	$2,835	$182,922
DEVORA BASYA NASS	HR SUPERVISOR	36.00	Highest	$193,199	$16,449	$209,648
MEYER WERTHEIMER	FORMER BOARD MEMBER	2.00		$398,254	$0	$398,254

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	$318,649,790	$278,734,467	$189,622,713	$39,915,323
2023	$253,154,516	$211,815,085	$145,940,623	$41,339,431
2022	$192,223,326	$172,196,549	$98,187,557	$20,026,777
2021	$152,953,737	$128,943,389	$68,287,663	$24,010,348
2020	$107,432,953	$112,131,438	$37,971,920	$-4,698,485
2019	$53,003,883	$37,323,121	$38,861,619	$15,680,762
2018	$30,976,888	$18,010,166	$21,487,068	$12,966,722