WAYNE COUNTY HOME CARE AIDE AGENCY

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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

1968

Legal Domicile

Principal Officer

HOLLY ARNOLD

Phone

6418722012

Tax Period

2023-07-01 to 2024-06-30

WAYNE COUNTY HOME CARE AIDE AGENCY, founded in 1968, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $319K exceeded revenue, resulting in a 53% operating deficit.

Mission

WAYNE COUNTY HOME CARE AIDE AGENCY STRIVES TO PRESERVE AND PROTECT THE HEALTH AND WELL-BEING OF THE ILL AND ELDERLY OF WAYNE COUNTY, IOWA. THIS IS ACCOMPLISHED THROUGH PROVIDING HOMEMAKER AND HOME CARE AIDE SERVICES AND COORDINATING MOBILE MEALS.

Program Service Accomplishments

Program 1

Expenses: $318,618 Revenue: $196,821

PROVIDING PERSONAL CARE, HOMEMAKING, EMOTIONAL SUPPORT AND MEAL PREPARATION TO THE ILL AND ELDERLY OF WAYNE COUNTY, IOWA.

Program 2

COORDINATING THE DELIVERY OF A HOT NOON MEAL BY VOLUNTEERS OF THE COMMUNITY.

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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 $8,743

Program Service Revenue $196,821

Investment Income $2,839

Other Revenue $0

TOTAL REVENUE $208,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,970

Fundraising Expenses $0

Program Expenses $318,618

Other Expenses $137,648

TOTAL EXPENSES $318,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,403	$223,267	-0.1%
Expenses	$318,618	$220,105	+0.4%
Net Income	$-110,215	$3,162	-35.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
NANCY GUNZENHAUSER	DIRECTOR	N/A	Director	$0	$0	$0
ARTA HARMAN	DIRECTOR	N/A	Director	$0	$0	$0
JILL HOUSH	DIRECTOR	N/A	Director	$0	$0	$0
LANCE LANGE	DIRECTOR	N/A	Director	$0	$0	$0
LINDA PRUNTY	DIRECTOR	N/A	Director	$0	$0	$0
BONITA WELLS	DIRECTOR	N/A	Director	$0	$0	$0
BRENDA DEVORE	SECRETARY	N/A	Officer	$0	$0	$0
DORENE MCCART	PRESIDENT	N/A	Officer	$0	$0	$0
GEORGIA RUNYON	VICE PRESIDE	N/A	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
2024	$208,403	$318,618	No data	$-110,215
2023	$223,267	$220,105	$110,215	$3,162
2022	$204,230	$205,427	$107,053	$-1,197