HOME CENTERED CARE INSTITUTE

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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

2014

Legal Domicile

Principal Officer

JULIE SACKS

Phone

6302839200

Tax Period

2023-01-01 to 2023-12-31

HOME CENTERED CARE INSTITUTE, founded in 2014, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO IMPROVE THE ACCESSIBILITY AND QUALITY OF CARE AVAILABLE TO MEDICALLY COMPLEX PATIENTS AND THEIR CAREGIVERS, AND TO REDUCE OVERALL HEALTH CARE COSTS BY ADVANCING THE PRACTICE OF HOME CENTERED CARE.

Program Service Accomplishments

Program 1

Expenses: $765,155

LOCAL PROGRAMS: LOCAL & STATEWIDE PROGRAMS (IL)HCCI PROVIDES LOCAL AND STATE-WIDE PRACTICE PROVIDERS WITH TRAINING, CURRICULUM AND ANALYTICS TOOLS TO IMPROVE THEIR KNOWLEDGE AND SKILLS IN THE FIELD OF HOME-BASED CARE TO EQUIP THEM TO SERVE MORE OF THE OLDER ADULTS WHO ARE HOMEBOUND, HOME-LIMITED OR LIVING WITH SERIOUS ILLNESS THAT CANNOT CURRENTLY ACCESS HOME-BASED PRIMARY CARE DUE TO WORKFORCE SHORTAGES.

Program 2

Expenses: $688,113 Revenue: $89,091

DATA ANALYTICSRESEARCH: TO SOLIDIFY ITS PLACE AS A UNIQUE MODEL OF CARE, IT IS CRITICAL THAT HOME-BASED PRIMARY CARE (HBPC) BE BUILT ON EVIDENCE-BASED PRACTICES. HCCI IS CONTINUING TO GATHER INSIGHTS AND DEVELOP A GREATER UNDERSTANDING OF BEST CLINICAL AND OPERATIONAL PRACTICES. IN ADDITION, HCCI WORKS WITH ITS PARTNERS TO PROVIDE ONGOING RESEARCH TO DEMONSTRATE THE BENEFITS OF HBPC AND BEST WAYS TO IMPLEMENT AND EXPAND PRACTICES.

Program 3

Expenses: $478,455 Revenue: $2,530

PRACTICE ENGAGEMENT AND IMPROVEMENT: ASSISTING PRACTICES WITH ONGOING DEVELOPMENT AND EXPANSION OF HOME-BASED PRIMARY CARE

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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 $2,465,019

Program Service Revenue $103,934

Investment Income $22,230

Other Revenue $0

TOTAL REVENUE $2,591,183

Expense Breakdown

Grants Paid $371,928

Salaries & Benefits $1,675,938

Fundraising Expenses $514,925

Program Expenses $2,295,885

Other Expenses $1,152,757

TOTAL EXPENSES $3,326,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,591,183	$2,388,313	+0.1%
Expenses	$3,326,831	$2,847,098	+0.2%
Net Income	$-735,648	$-458,785	+0.6%

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

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

$319,018

Total Directors

Key Employees

$223,694

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER WHINFREY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD MAYBURY	CHARIMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
THOMAS CORNWELL MD	EXECUTIVE CHAIRMAN & SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD MARK	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES BRAMSEN	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
ANDREA REDMOND	MEMBER	1.00	Director	$0	$0	$0
KERMIT CRAWFORD	MEMBER	1.00	Director	$0	$0	$0
MARGHERITA LABSON	MEMBER	1.00	Director	$0	$0	$0
REBECCA RAMSAY	MEMBER	1.00	Director	$0	$0	$0
SIDNEE PECK	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER DODD MD	MEMBER	1.00	Director	$0	$0	$0
DEBORAH GILLOTTI	MEMBER	1.00	Director	$0	$0	$0
JULIE SACKS	CEO/COO	50.00	Officer	$278,360	$40,658	$319,018
MELISSA SINGLETON	CHIEF PROGRAMS OFFICER	50.00	Key Emp	$205,254	$18,440	$223,694
JAMES WARDA	VP OF EXT. AFFAIRS & BUS DEV	40.00	Highest	$157,976	$1,680	$159,656
DANA CROSBY	SR. DIR ENAGE. & PRAC. DEV	40.00	Highest	$153,475	$0	$153,475
NENGLIANG YAO	DIR. OF RESEARCH & ANALYTICS	40.00	Highest	$187,860	$28,961	$216,821

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	No data	No data	No data	No data
2023	$2,591,183	$3,326,831	$2,579,668	$-735,648
2022	$2,388,313	$2,847,098	$3,397,710	$-458,785
2021	$2,799,847	$3,481,368	$3,863,726	$-681,521
2020	$1,827,578	$2,797,175	$4,263,578	$-969,597
2019	$3,657,057	$3,299,147	$5,548,151	$357,910
2018	$3,952,048	$4,406,455	$5,355,333	$-454,407