INDEPENDENT HEALTH CARE INC

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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

1994

Legal Domicile

Principal Officer

BRIAN MILLER

Phone

6082747900

Tax Period

2018-01-01 to 2018-12-31

INDEPENDENT HEALTH CARE INC, founded in 1994, is a small nonprofit that reported $152K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $348K exceeded revenue, resulting in a 129% operating deficit.

Mission

A STATE-LICENSED, MEDICARE-CERTIFIED HOME HEALTH AGENCY THAT PROVIDES SKILLED SERVICES TO OLDER ADULTS IN THEIR HOMES.

Program Service Accomplishments

Program 1

Expenses: $238,686 Revenue: $151,667

INDEPENDENT HEALTH CARE, INC. PROVIDED SKILLED SERVICES, INCLUDING NURSING, PHYSICAL THERAPY, AND OCCUPATIONAL THERAPY, TO CLIENTS, ALLOWING THEM TO REMAIN IN THEIR HOMES.

Program 2

Expenses: $44,447

THE ORGANIZATION CEASED OPERATIONS ON DECEMBER 31, 2018 AND TRANSFERRED ITS REMAINING ASSETS TO INDPENDENT LIVING, INC.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $151,667

Investment Income $433

Other Revenue $0

TOTAL REVENUE $152,100

Expense Breakdown

Grants Paid $44,447

Salaries & Benefits $225,321

Fundraising Expenses $0

Program Expenses $283,133

Other Expenses $78,122

TOTAL EXPENSES $347,890

Year-over-Year Comparison

	2018	2017	Change
Revenue	$152,100	$174,503	-0.1%
Expenses	$347,890	$464,708	-0.3%
Net Income	$-195,790	$-290,205	-0.3%

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

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

$172,369

Total Directors

$73,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MILLER	PRESIDENT	5.00	Officer Director	$7,241	$6,305	$73,663
BRENT LINDELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG STOFFELS	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
MARY BAKKEN	CONTROLLER	5.00	Officer	$17,427	$6,570	$98,706

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
2018	$152,100	$347,890	No data	$-195,790