HOME CARE UNITED INC

EIN: 391776340 501(c)(3) Health Care

MADISON, WI

Total Revenue
$18,007,117
Total Expenses
$17,627,736
Total Assets
$8,462,129
Net Assets
$6,747,927
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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
1993
Legal Domicile
WI
Principal Officer
DG GLOEDE
Phone
6082421516
Tax Period
2023-01-01 to 2023-12-31

HOME CARE UNITED INC, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $18.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROMOTE OPTIMAL HEALTH AND QUALITY OF LIFE TO THOSE WE SERVE THROUGH OUR EXCEPTIONAL, COMPREHENSIVE CARE AT HOME AND IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $14,341,308 Revenue: $17,863,195

TO PROVIDE SALES AND RENTALS OF DURABLE MEDICAL EQUIPMENT, AS WELL AS HOME RESPIRATORY THERAPY AND INFUSION SERVICES IN SOUTHERN WISCONSIN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30
Program Service Revenue $17,936,518
Investment Income $8,694
Other Revenue $61,875
TOTAL REVENUE $18,007,117

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,473,544
Fundraising Expenses $0
Program Expenses $14,341,308
Other Expenses $10,154,192
TOTAL EXPENSES $17,627,736

Year-over-Year Comparison

2023 2022 Change
Revenue $18,007,117 $15,501,321 +0.2%
Expenses $17,627,736 $15,841,434 +0.1%
Net Income $379,381 $-340,113 -2.1%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
116
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
1
$533,829
Total Directors
1
$533,829
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DG GLOEDE DIRECTOR, PRES-POST ACUTE 1.00
Officer Director
$0 $181,038 $533,829
GENE SALISBURY MANAGER, REHABILITATION EQUIPMENT 40.00
Highest
$108,799 $28,983 $137,782
BRIAN KELLY VP OF HOME MEDICAL EQUIPMENT 40.00
Highest
$163,009 $65,088 $228,097
ANGELIKA FERNHOLZ MANAGER, RESPIRATORY CARE SERVICES 40.00
Highest
$108,476 $20,572 $129,048
ERIN O'BRIEN MANAGER, REVENUE CYCLE PATIENT FINANCIAL SERVICES 40.00
Highest
$102,918 $22,433 $125,351
CHRIS THORNOCK DIRECTOR, CHAIRPERSON, PRESIDENT-POST ACUTE 0.00
$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 $18,007,117 $17,627,736 $8,462,129 $379,381
2022 $15,501,321 $15,841,434 $8,929,677 $-340,113
2021 $13,062,474 $14,226,412 $8,988,215 $-1,163,938
2020 $13,713,377 $14,267,383 $12,156,764 $-554,006
2019 $14,600,737 $13,758,133 $10,855,297 $842,604
2018 $13,622,059 $13,389,469 $8,350,706 $232,590
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