Home Care Advantage Inc (EIN 341758970) - 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

1994

Legal Domicile

Principal Officer

Susan Yoder

Phone

3303374663

Tax Period

2018-07-01 to 2019-06-30

Home Care Advantage Inc, founded in 1994, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $1.2M left a modest 8% surplus.

Mission

The agency provides home care to indigent and home bound persons. The agency also participates in educational wellness programs for the community. Home Care Advantage, Inc. also provides respite care for low income families whom need assistance and supplemental staffing to various other organizations.

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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 (2018)

Revenue Breakdown

Contributions & Grants $13,358

Program Service Revenue $1,182,868

Investment Income $45,334

Other Revenue $25,585

TOTAL REVENUE $1,267,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,017,331

Fundraising Expenses $0

Program Expenses $1,008,751

Other Expenses $145,982

TOTAL EXPENSES $1,163,313

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,267,145	$1,355,313	-0.1%
Expenses	$1,163,313	$1,181,611	0.0%
Net Income	$103,832	$173,702	-0.4%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$66,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brenda Kays	Director	40.00	Director	$66,808	$0	$66,808
Wavelene Arnold	President	1.00	Officer Director	$0	$0	$0
David Scarpitti	Vice President	1.00	Officer Director	$0	$0	$0
Ian Robinson	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Michael Giangardella	Board Member	1.00	Director	$0	$0	$0
Cathy Hofmeister	Board Member	1.00	Director	$0	$0	$0
Alma Apicella	Board Member	1.00	Director	$0	$0	$0
Susan Yoder	Executive Director	1.00	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
2019	$1,267,145	$1,163,313	No data	$103,832

Home Care Advantage Inc