THE HSC FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MICHELLE RILEY-BROWN MHA

Phone

2024765000

Tax Period

2023-07-01 to 2024-06-30

THE HSC FOUNDATION, founded in 1984, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2023. Net assets of $94.4M represent 115 months of operating reserves.

Mission

TO PROVIDE AND COORDINATE INNOVATIVE, HIGH QUALITY, COMMUNITY-BASED CARE FOR INDIVIDUALS WITH COMPLEX NEEDS AND THEIR FAMILIES. THE HSC FOUNDATION (FOUNDATION) EMPOWERS ALL WE SERVE TO IMPROVE THE QUALITY OF THEIR LIVES THROUGH ITS SUPPORT OF THE HOSPITAL FOR SICK CHILDREN (COMMONLY REFERRED TO AS CHILDREN'S NATIONAL REHABILITATION AND SPECIALIZED CARE AND SOMETIMES REFERRED TO HEREIN AS RSC), HEALTH SERVICES FOR CHILDREN WITH SPECIAL NEEDS, AND HSC HOME CARE, LLC WHILE CONDUCTING PROJECTS WITH THE GOVERNMENT AND OTHER NON-PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $6,293,887 Revenue: $8,795,086

HSC HOME CARE, LLC, (HSCHC) A DISREGARDED ENTITY OF THE ORGANIZATION, OFFERS SKILLED NURSING SERVICES, HOME HEALTH AIDE AND PERSONAL CARE AID SERVICES, RESPITE CARE, REHABILITATIVE THERAPIES...

HSC HOME CARE, LLC, (HSCHC) A DISREGARDED ENTITY OF THE ORGANIZATION, OFFERS SKILLED NURSING SERVICES, HOME HEALTH AIDE AND PERSONAL CARE AID SERVICES, RESPITE CARE, REHABILITATIVE THERAPIES, LICENSED CLINICAL SOCIAL WORKERS, WELL MOM AND BABY VISITS, INTERMITTENT INTRAVENOUS SERVICES, AND EDUCATION FOR PATIENT, PATIENT FAMILY, AND CAREGIVER. DURING THE YEAR ENDED JUNE 30, 2024 HSC HOME CARE PROVIDED HOME VISITS TO PRIMARILY MEDICAID PEDIATRIC PATIENTS IN THE DC METROPOLITAN AREA. THERE WERE 21,695 SKILLED NURSING VISITS AND 3,845 HOME HEALTH AIDE VISITS. HSC HOME CARE ALSO HAD 404 OT, PT, SPEECH THERAPY AND SOCIAL WORK VISITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,836

Program Service Revenue $8,395,086

Investment Income $1,089,086

Other Revenue $400,000

TOTAL REVENUE $9,888,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,656,935

Fundraising Expenses $0

Program Expenses $6,293,887

Other Expenses $1,978,566

TOTAL EXPENSES $10,635,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,888,008	$9,822,714	+0.0%
Expenses	$10,635,501	$9,914,956	+0.1%
Net Income	$-747,493	$-92,242	+7.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,310,585

Total Directors

$977,818

Key Employees

$324,351

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHANIEL BEERS MD	PRESIDENT OF HSC	2.00	Officer Director	$0	$134,498	$977,818
MARSHA REGENSTEIN	BOARD CHAIR (FROM 07/23)	2.00	Officer Director	$0	$0	$0
MICHAEL JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC MINKOVE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER NACE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN F RILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE VAN VLECK MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALDWIN LINDSAY	TREASURER & EVP/CFO	2.00	Officer	$0	$135,445	$1,273,757
MARY ANNE HILLIARD	SECRETARY	1.00	Officer	$0	$126,033	$1,059,010
ABIMBOLA EMMANUEL	HSCHC COO	55.00	Key Emp	$0	$31,922	$324,351
OLUREMI GRACE AKINSANYA	REGISTERED NURSE	55.00	Highest	$0	$44	$132,851
KEETRA DIONNE WILLIAMS	SENIOR CLINICAL MANAGER	55.00	Highest	$0	$15,099	$144,821
JESSE F JOHNSON	REGISTERED NURSE	55.00	Highest	$0	$3,368	$129,170
COLETTE BEMBUH	REGISTERED NURSE	55.00	Highest	$0	$12,005	$140,619
IRENE PECHASE	REGISTERED NURSE	55.00	Highest	$0	$29,637	$144,932
DONNA ANTHONY	FORMER KEY EMPLOYEE	0.00		$0	$75,308	$532,036
DEBBIE HOLSON	FORMER KEY EMPLOYEE	0.00		$0	$45,248	$358,997
KIMBERLY BROWN	FORMER OFFICER	55.00		$0	$21,524	$284,443

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
2024	$9,888,008	$10,635,501	$95,546,268	$-747,493
2023	$9,822,714	$9,914,956	$93,794,354	$-92,242
2022	$10,512,339	$9,195,017	$91,386,618	$1,317,322
2021	$11,268,614	$11,669,015	$107,386,448	$-400,401
2019	$15,329,554	$14,323,810	$126,445,277	$1,005,744
2018	$14,979,311	$15,785,454	$114,904,707	$-806,143