MICHIGAN HOME HEALTH ASSOCIATION

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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

1981

Legal Domicile

Principal Officer

LAURA HAYNES

Phone

5173498089

Tax Period

2024-06-01 to 2025-05-31

MICHIGAN HOME HEALTH ASSOCIATION, founded in 1981, is a small nonprofit that reported $517K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PROVIDE TRAINING, EDUCATION, ADVOCACY AND OTHER SERVICES TO OUR MEMBERS, WHO ARE HOME HEALTH CARE PROVIDERS IN MICHIGAN.

Program Service Accomplishments

Program 1

PROVIDE TRAINING EDUCATION, ADVOCACY, AND OTHER SERVICES TO OUR MEMBER HOME HEALTH, HOSPICE, PERSONAL CARE, PALLIATIVE CARE, HOME MEDICAL EQUIPMENT AND INFUSION AGENCIES IN MICHIGAN.

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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 $482,887

Investment Income $33,655

Other Revenue $0

TOTAL REVENUE $516,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,340

Fundraising Expenses $6,323

Other Expenses $331,071

TOTAL EXPENSES $539,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,542	$574,679	-0.1%
Expenses	$539,411	$574,364	-0.1%
Net Income	$-22,869	$315	-73.6%

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

215

Independent Members

215

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA HAYNES	PRESIDENT &	40.00	Officer	$100,000	$0	$100,000
KARLON ALTON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
CLEAMON MOORER JR	DIRECTOR	1.00	Director	$0	$0	$0
JORGEANN KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE LALONDE	DIRECTOR	1.00	Director	$0	$0	$0
SARA LOWE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE PARKHURST	DIRECTOR	1.00	Director	$0	$0	$0
THERESA RUEDISUELL	DIRECTOR	1.00	Director	$0	$0	$0
ERIC TOWELL	DIRECTOR	1.00	Director	$0	$0	$0
SAM WATSON	DIRECTOR	1.00	Director	$0	$0	$0
BETH WYATT	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ALEXANDER	TREASURER	1.00	Officer	$0	$0	$0
SUSAN HOUSEMAN	CHAIR-ELECT	1.00	Officer	$0	$0	$0
EMILY WIECHMANN	SECRETARY	1.00	Officer	$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
2025	$516,542	$539,411	$685,875	$-22,869
2024	$574,679	$574,364	$695,207	$315
2023	$554,108	$535,964	$544,672	$18,144
2022	$485,705	$491,201	$526,173	$-5,496
2021	$432,132	$443,068	$519,914	$-10,936
2020	$417,533	$526,151	$445,091	$-108,618
2019	$599,652	$639,022	$588,120	$-39,370
2018	$564,447	$684,010	$695,675	$-119,563