HOME HEALTH UNITED INC (EIN 391539827) - 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

1985

Legal Domicile

Principal Officer

DG GLOEDE

Phone

6082421516

Tax Period

2023-01-01 to 2023-12-31

HOME HEALTH UNITED INC, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $25.2M in total revenue in fiscal year 2023.

Mission

A MEDICARE-CERTIFIED & WISCONSIN-LICENSED HOME HEALTH AGENCY, WHICH PROVIDES HOME CARE AND HOSPICE CARE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,400

Program Service Revenue $24,886,221

Investment Income $8,747

Other Revenue $235,746

TOTAL REVENUE $25,237,114

Expense Breakdown

Grants Paid $747

Salaries & Benefits $18,329,060

Fundraising Expenses $0

Program Expenses $23,490,848

Other Expenses $8,107,223

TOTAL EXPENSES $26,437,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,237,114	$25,958,739	0.0%
Expenses	$26,437,030	$31,883,612	-0.2%
Net Income	$-1,199,916	$-5,924,873	-0.8%

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

326

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

$533,829

Total Directors

$533,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DG GLOEDE	DIRECTOR, VP-HOME HEALTH AND HOSPICE/CNO	1.00	Officer Director	$0	$181,038	$533,829
MATTHEW LOCONTE	PHYSICIAN	40.00	Highest	$276,398	$14,408	$290,806
MEAGAN SULLIVAN	RN	40.00	Highest	$133,400	$17,789	$151,189
LAURI MUCHOW	RN	40.00	Highest	$130,015	$35,696	$165,711
CRYSTAL WORMET	RN	40.00	Highest	$126,261	$22,146	$148,407
MAGGIE SWAN	RN	40.00	Highest	$124,907	$19,470	$144,377
CHRIS THORNOCK	PT YR DIRECTOR, CHAIRPERSON, PRESIDENT-POST ACUTE	1.00		$0	$263,637	$847,024

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	No data	No data	No data	No data
2023	$25,237,114	$26,437,030	$13,973,530	$-1,199,916
2022	$25,958,739	$31,883,612	$12,411,793	$-5,924,873
2021	$27,855,541	$29,896,707	$15,197,208	$-2,041,166
2020	$26,837,693	$29,221,821	$18,191,856	$-2,384,128
2019	$26,669,578	$27,102,674	$12,790,594	$-433,096
2018	$26,107,334	$26,410,996	$11,683,905	$-303,662

HOME HEALTH UNITED INC