HOME CARE UNITED INC (EIN 391776340) - 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

1993

Legal Domicile

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

TO SELL AND RENT DURABLE MEDICAL EQUIPMENT TO PATIENTS FOR HOME USE, AS WELL AS PROVIDE HOME RESPIRATORY THERAPY AND INFUSION 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 $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

Governance

Voting Members

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

$533,829

Total Directors

$533,829

Key Employees

Highest Compensated

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

HOME CARE UNITED INC