HANDICARE INC (EIN 421193531) - 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

1982

Legal Domicile

Principal Officer

Laura Lage

Phone

3193547641

Tax Period

2024-01-01 to 2024-12-31

HANDICARE INC, founded in 1982, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

The mission of Handicare, Inc. is to set the standard for high-quality, individualized child care by creating a safe, inclusive environment where children, families, and staff can thrive.

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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 (2024)

Revenue Breakdown

Contributions & Grants $85,025

Program Service Revenue $1,825,819

Investment Income $49,065

Other Revenue $0

TOTAL REVENUE $1,959,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,580,019

Fundraising Expenses $7,394

Program Expenses $1,791,280

Other Expenses $408,812

TOTAL EXPENSES $1,988,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,959,909	$1,689,551	+0.2%
Expenses	$1,988,831	$1,864,872	+0.1%
Net Income	$-28,922	$-175,321	-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

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

$120,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Lage	Executive Director	40	Officer	$61,513	$3,107	$64,620
Donnie Stanley	Operations Manager	40	Officer	$55,753	$0	$55,753
Dominica Rehbein	President	0.3	Officer Director	$0	$0	$0
Blake Laughton	Vice President	0.3	Officer Director	$0	$0	$0
Adam Klotz	Treasurer	0.3	Officer Director	$0	$0	$0
Kendra Everest	Secretary	0.3	Officer Director	$0	$0	$0
Suleyman Aslan	Member	0.3	Director	$0	$0	$0
Kendra Belski	Member	0.3	Director	$0	$0	$0
Ellie Campbell	Member	0.30	Director	$0	$0	$0
Ellen Chambers	Member	0.3	Officer Director	$0	$0	$0
Chetie Daniels	Member	0.3	Director	$0	$0	$0
Bryan Dannen	Member	0.3	Director	$0	$0	$0
Adam Spieker	Member	0.3	Director	$0	$0	$0
Tricia Suarez	President (Partial Year)	0.3	Director	$0	$0	$0
Heather Youngquist	Member (Partial Year)	0.3	Director	$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	$1,959,909	$1,988,831	$1,480,382	$-28,922
2023	$1,689,551	$1,864,872	$1,528,673	$-175,321
2022	$2,031,641	$1,580,096	$1,573,410	$451,545
2021	$1,828,766	$1,325,867	$1,125,639	$502,899
2020	$1,157,021	$1,133,129	$626,152	$23,892
2019	$1,532,575	$1,385,832	$597,347	$146,743
2018	$1,361,250	$1,456,777	$653,724	$-95,527

HANDICARE INC