HOOSIER CARE INC (EIN 311262572) - 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

1988

Legal Domicile

Phone

6156479004

Tax Period

2024-07-01 to 2025-06-30

HOOSIER CARE INC, founded in 1988, is a mid-sized nonprofit that reported $49.0M in total revenue in fiscal year 2024. The organization ran a surplus of $13.8M, a strong 28% operating margin.

Mission

THE ORGANIZATION PROVIDES RESIDENTIAL AND NURSING SERVICES TO PATIENTS.

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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 $361,044

Program Service Revenue $48,356,680

Investment Income $227,924

Other Revenue $40,032

TOTAL REVENUE $48,985,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,070,367

Fundraising Expenses $0

Program Expenses $30,036,331

Other Expenses $12,158,230

TOTAL EXPENSES $35,228,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,985,680	$47,329,801	+0.0%
Expenses	$35,228,597	$32,534,108	+0.1%
Net Income	$13,757,083	$14,795,693	-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

Employees

556

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

$1,751,038

Total Directors

$1,091,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglass Smith	Director/President	6.0	Officer Director	$0	$37,141	$561,328
Chris Hodges	Director	1.0	Director	$0	$0	$60,000
Jim Ridenour	Director/Chairman	1.0	Director	$0	$0	$148,000
Jo Ann Corbitt	Director	1.0	Director	$0	$0	$89,500
John G Foos	Director	1.0	Director	$0	$0	$83,000
Laura Hawken	Director	1.0	Director	$0	$0	$69,000
Stephen F Wood Jr	Director	1.0	Director	$0	$0	$80,500
Andrea Barach	VP AND CORPORATE SECRETARY	5.5	Officer	$0	$18,010	$335,721
Christopher Louder	VP FINANCE	2.0	Officer	$0	$40,143	$271,546
Chrisula Watts	Chief People Officer (beginning Nov 2024)	2.0	Officer	$0	$1,555	$30,748
Linda Clark	COO	2.0	Officer	$0	$16,903	$280,917
Timothy Buist	Chief Strategic and Implementation Officer	0.5	Officer	$0	$10,980	$270,778
Evelyn Schrieber	Registered Nurse	40.0	Highest	$137,287	$4,235	$141,522
Kimberly Halberstadt	Executive Director	40.0	Highest	$190,853	$19,180	$210,033
Mary Ward	Director of Nursing	40.0	Highest	$144,882	$8,655	$153,537
Melissa Francque	Executive Director	40.0	Highest	$195,940	$37,601	$233,541
Melissa Thornbloom	Executive Director	40.0	Highest	$182,698	$25,754	$208,452
Stephen F Wood Sr	Former Director	0.0		$0	$0	$42,000

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	$48,985,680	$35,228,597	$36,318,098	$13,757,083
2024	$47,329,801	$32,534,108	$40,098,971	$14,795,693
2023	$43,282,274	$30,720,238	$33,731,195	$12,562,036
2022	$41,569,947	$28,793,970	$26,628,977	$12,775,977
2021	$41,471,691	$30,184,245	$21,784,524	$11,287,446
2020	$41,403,356	$26,845,009	$20,046,691	$14,558,347
2019	$31,088,940	$25,644,600	$11,371,758	$5,444,340
2018	$27,261,168	$25,268,208	$38,724,105	$1,992,960

HOOSIER CARE INC