MYMICHIGAN 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

1941

Legal Domicile

Principal Officer

REBECKA HALE

Phone

9898379039

Tax Period

2022-07-01 to 2023-06-30

MYMICHIGAN HOME CARE, founded in 1941, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2022. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $12.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $3,416,916 Revenue: $3,987,431

HOME HEALTH SERVICES - TO ENABLE PATIENTS TO BE AT HOME WHILE RECUPERATING AND RECEIVING QUALITY MEDICAL CARE. THIS INCLUDES NURSING SERVICES, SPEECH, PHYSICAL, AND OCCUPATIONAL THERAPIES, AND SOCIAL WORK. PATIENTS ARE TREATED WITHOUT REGARD TO THEIR ABILITY TO PAY. TOTAL VISITS = 22,895.

Program 2

Expenses: $2,715,050 Revenue: $2,801,156

HOSPICE - PROVIDES PALLIATIVE CARE AND SUPPORTIVE SERVICES (PHYSICAL, PSYCHOLOGICAL, SOCIAL, AND SPIRITUAL CARE) FOR DYING PATIENTS AND THEIR FAMILIES. PATIENTS ARE TREATED WITHOUT REGARD TO THEIR...

HOSPICE - PROVIDES PALLIATIVE CARE AND SUPPORTIVE SERVICES (PHYSICAL, PSYCHOLOGICAL, SOCIAL, AND SPIRITUAL CARE) FOR DYING PATIENTS AND THEIR FAMILIES. PATIENTS ARE TREATED WITHOUT REGARD TO THEIR ABILITY TO PAY. TOTAL VISITS = 9,368.

Program 3

Expenses: $4,134,104 Revenue: $4,020,437

HOME INFUSION - OFFERS PATIENTS THE OPTION OF RECEIVING INTRAVENOUS MEDICATION IN THE COMFORT OF THEIR OWN HOMES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,903,578

Investment Income $34,043

Other Revenue $21,141

TOTAL REVENUE $10,958,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,514,387

Fundraising Expenses $0

Program Expenses $11,054,500

Other Expenses $6,232,371

TOTAL EXPENSES $12,746,758

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,958,762	$23,636,690	-0.5%
Expenses	$12,746,758	$24,331,253	-0.5%
Net Income	$-1,787,996	$-694,563	+1.6%

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

213

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

$1,718,068

Total Directors

$4,332,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE MICHAEL	SECRETARY/TREASURER	2.00	Officer	$0	$45,209	$713,658
CROSS BRYAN	CHAIR	2.00	Officer Director	$0	$81,554	$711,945
BERG MD PAUL	DIRECTOR	2.00	Director	$0	$46,541	$661,164
JANDWANI MD PANKAJ	DIRECTOR	2.00	Director	$0	$13,802	$550,761
GREELEY MARY	DIRECTOR	2.00	Director	$0	$55,969	$484,122
PADGETT FRANCINE	FORMER SECRETARY/TREASURER	0.00		$0	$0	$481,585
TERRELL TAMMY	DIRECTOR	2.00	Director	$0	$25,559	$433,329
KING GLENN	DIRECTOR	2.00	Director	$0	$31,793	$249,194
DULL ANN	DIRECTOR	2.00	Director	$0	$27,366	$206,367
CHADWICK LEEANN	DIRECTOR	2.00	Director	$0	$24,432	$206,260
AULTMAN RACHEL	DIRECTOR	2.00	Director	$0	$24,024	$204,379
GISSE MARY	PHARMACIST	50.00	Highest	$181,425	$21,472	$202,897
KANE THOMAS	DIRECTOR	2.00	Director	$0	$21,735	$187,251
GARAFALO DANA	INTERIM PRESIDENT/VICE CHAIR (PART YEAR)	50.00	Officer Director	$174,438	$7,449	$181,887
BROWN LANELLE	DIRECTOR	2.00	Director	$0	$20,548	$145,243
PARKS AMBER	RN	50.00	Highest	$135,335	$4,727	$140,062
RANDALL CARLA	RN	50.00	Highest	$118,107	$10,959	$129,066
FINK SARAH	RN	50.00	Highest	$115,440	$3,938	$119,378
KELLOGG AMANDA	NP	50.00	Highest	$115,032	$4,272	$119,304
HALE REBECKA	VICE CHAIR (PART YEAR)	50.00	Officer Director	$106,420	$4,158	$110,578

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
2023	$10,958,762	$12,746,758	No data	$-1,787,996
2022	$23,636,690	$24,331,253	$11,586,086	$-694,563
2021	$25,360,028	$24,339,277	$16,975,956	$1,020,751
2020	$24,594,841	$24,773,327	$16,162,870	$-178,486
2019	$23,906,363	$24,328,405	$14,041,978	$-422,042
2018	$23,070,419	$23,016,675	$13,436,142	$53,744