WAVENY AT HOME INC (EIN 462756541) - 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

2013

Legal Domicile

Principal Officer

RUSSELL BARKSDALE

Phone

2035945327

Tax Period

2023-10-01 to 2024-09-30

WAVENY AT HOME INC, founded in 2013, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

PROFESSIONAL SERVICES TO ENABLE CLIENTS TO REMAIN SAFELY IN THEIR HOMES (SEE SCH O) WAVENY LIFECARE NETWORK PROVIDES A COMPREHENSIVE CONTINUUM OF HEALTHCARE TO SERVE THE GROWING NEEDS OF ADULTS FROM ALL AREAS. WE OFFER A PROGRESSION OF THERAPEUTIC PROGRAMS, SERVICES AND LIVING OPTIONS TO ENHANCE QUALITY OF LIFE FOR THOSE WE SERVE. AS PART OF WAVENY LIFECARE NETWORK'S TRUSTED NONPROFIT CONTINUUM OF CARE, WAVENY AT HOME, INC. BRINGS THE EXPERTISE AND RESOURCES OF A FULL HEALTHCARE SYSTEM INTO THE HOME AND COMMUNITY.THE INTERDISCIPLINARY TEAM MAKES ILLNESS RECOVERY AND REHABILITATION AT HOME A REALISTIC CHOICE. WAVENY AT HOME, INC. OFFERS A FULL SPECTRUM OF LICENSED AND CERTIFIED IN-HOME CARE FROM PROFESSIONAL SKILLED NURSING SERVICES AT YOUR DOOR WITHIN 24 HOURS OF REFERRAL, INCLUDING ON WEEKENDS AND HOLIDAYS, TO A RANGE OF PARA PROFESSIONAL CAREGIVING SERVICE.

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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 $0

Program Service Revenue $2,917,577

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,917,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,849,378

Fundraising Expenses $0

Program Expenses $2,403,331

Other Expenses $200,780

TOTAL EXPENSES $3,050,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,917,577	$2,856,076	+0.0%
Expenses	$3,050,158	$2,775,143	+0.1%
Net Income	$-132,581	$80,933	-2.6%

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

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

$784,059

Total Directors

$563,087

Key Employees

$706,701

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEO KARL III	DIRECTOR	1.00	Director	$0	$0	$0
K RONE BALDWIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARIAN CURTIS BLAIR	CO-VICE CHAIR	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
RUSSELL BARKSDALE	CEO	1.00	Officer Director	$0	$9,286	$563,087
SHARON BRADLEY	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
PETER BRIDGMAN	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
KATHLEEN CORBET	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
RICHARD CROARKIN	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
RICHARD DEPATIE	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCO	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR CRAIG OLIN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PEREZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DR DAVID REED	DIRECTOR	1.00	Director	$0	$0	$0
PAUL REISS	DIRECTOR	1.00	Director	$0	$0	$0
MARYNE ROBIN	DIRECTOR	1.00	Director	$0	$0	$0
REV PETER WALSH	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA XISTRIS	DIRECTOR	1.00	Director	$0	$0	$0
PENNY YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JILL SAUTKULIS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TOWNSEND	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
DR KESAV NAIR	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
JANET LANAWAY	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
ROSE LANARD	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
MARK DEWAELE DMD	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
DIONNA CARLSON	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
CHARLES ROSE	CFO	1.00	Officer	$0	$5,837	$220,972
CAROL MCDONNELL SMITH	VP HOME HEALTH	1.00	Key Emp	$0	$10,810	$223,815
TERRANCE HENRY	CHIEF MARKETING/SALES OFFICER	1.00	Key Emp	$0	$49,302	$263,430
REBECCA ALBRECHT	CHIEF HUMAN RESOURCES OFFICER	1.00	Key Emp	$0	$5,142	$219,456

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	$2,917,577	$3,050,158	$248,371	$-132,581
2023	$2,856,076	$2,775,143	$205,992	$80,933
2022	$2,270,503	$2,422,334	$284,268	$-151,831
2021	$2,690,632	$3,151,829	$346,136	$-461,197
2020	$3,313,826	$3,357,025	$599,300	$-43,199
2019	$3,671,591	$3,457,509	$631,893	$214,082
2018	$3,254,454	$3,229,870	$389,515	$24,584

WAVENY AT HOME INC