WAVENY HOME HEALTHCARE 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

2012

Legal Domicile

Principal Officer

RUSSELL BARKSDALE

Phone

2035945200

Tax Period

2020-10-01 to 2021-06-30

WAVENY HOME HEALTHCARE INC, founded in 2012, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

WE SEEK TO PROVIDE THE HIGHEST QUALITY OF COMPASSIONATE, PERSON-CENTERED CARE. WE ARE COMMITTED TO OFFERING SERVICES AND RESOURCES TO CONTINUALLY MEET AND EXCEED THE GROWING NEEDS OF OLDER ADULTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $3,336,168 Revenue: $3,961,874

HOME HEALTH CARE SERVICES - NURSING, REHABILITATIVE, SOCIAL WORK AND NUTRITIONAL SERVICES PROVIDED TO CLIENTS IN THEIR HOMES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,961,874

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,961,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,910,807

Fundraising Expenses $0

Program Expenses $3,336,168

Other Expenses $1,006,026

TOTAL EXPENSES $4,916,833

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,961,874	$4,769,334	-0.2%
Expenses	$4,916,833	$4,729,164	+0.0%
Net Income	$-954,959	$40,170	-24.8%

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

N/A

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

$779,284

Total Directors

$523,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN CORBET	CHAIR	1.00	Director	$0	$0	$0
LEO KARL III	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARIAN CURTIS BLAIR	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HUNT	TREASURER	1.00	Officer Director	$0	$0	$0
BARB ACHENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
RONALD BALZANO	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY BEGOON	DIRECTOR (THRU 12/2020)	1.00	Director	$0	$0	$0
PETER BRIDGEMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CROARKIN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD J DEPATIE	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCO	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS GILLESPIE	DIRECTOR (THRU 12/2021)	1.00	Director	$0	$0	$0
TRACEY HAMILL	DIRECTOR	1.00	Director	$0	$0	$0
PENNY YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS FERGUSON	DIRECTOR (THRU 12/2021)	1.00	Director	$0	$0	$0
RUSSELL BARKSDALE	CEO/DIRECTOR EX OFFICIO	0.00	Officer Director	$0	$44,290	$523,456
K RONE BALDWIN	VICE CHAIR (START 1/1/2021)	1.00	Officer Director	$0	$0	$0
NANCY PEREZ	DIRECTOR (START 1/1/2021)	1.00	Director	$0	$0	$0
MARYNE ROBIN	DIRECTOR (START 1/1/2021)	1.00	Director	$0	$0	$0
DEANNA XISTRIS	DIRECTOR (START 1/1/2021)	1.00	Director	$0	$0	$0
FIRST SELECTMAN KEVIN MOYNIHAN	DIRECTOR EX OFFICIO	1.00	Director	$0	$0	$0
DR CRAIG OLIN	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID REED	DIRECTOR EX OFFICIO	1.00	Director	$0	$0	$0
JILL SAUTKULIS	DIRECTOR EX OFFICIO	1.00	Director	$0	$0	$0
REV PETER WALSH	DIRECTOR EX OFFICIO	1.00	Director	$0	$0	$0
JERRY KEMPER	CFO (START 7/12/2021)	10.00	Officer	$0	$26,195	$255,828
GERALYN HINES-IVERSON	ADMINISTRATOR	0.00	Highest	$0	$36,344	$219,813
REBECCA ALBRECHT	CHIEF HUMAN RESOURCES OFFICER	10.00	Highest	$0	$23,838	$184,228
CAROL MCDONNELL SMITH	VICE PRESIDENT HOME HEALTH	20.00	Highest	$0	$48,813	$197,200
TERRANCE HENRY	CHIEF MARKETING & SALES OF	10.00	Highest	$0	$51,113	$226,718
BARBARA KIVIAT	NURSE/TEAM LEADER	0.00	Highest	$0	$12,631	$178,261
SHARON BRADLEY	PRESIDENT & CEO VNHFC (THRU 7/1/2021) FORMER	0.00		$0	$26,195	$255,828
RICHARD NANKEE	CFO (THRU JUNE 2021) FORMER	0.00		$0	$54,155	$310,442

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
2021	$3,961,874	$4,916,833	No data	$-954,959
2020	$4,769,334	$4,729,164	$1,347,862	$40,170
2019	$3,765,554	$3,680,255	$964,282	$85,299
2018	$3,066,813	$2,930,948	$851,653	$135,865