AMERICAN ACADEMY OF HOME CARE MEDI… - Form 990 Financial Data

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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

1994

Legal Domicile

Phone

7035569222

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF HOME CARE MEDICINE, founded in 1994, is a small nonprofit in the Health Care sector that reported $911K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO FOSTER THE ART AND SCIENCE OF HOME CARE MEDICINE

Program Service Accomplishments

Program 1

Expenses: $657,862 Revenue: $136,279

Other programs including programs to provide support to healthcare professionals providing home health care, educate the public on the benefits of home health care and advocate for sustainable...

Other programs including programs to provide support to healthcare professionals providing home health care, educate the public on the benefits of home health care and advocate for sustainable payment reform in the field of home care medicine.

Program 2

Expenses: $420,214 Revenue: $504,880

Annual meeting educational meeting focused on the issues and challenges that face the broad spectrum of healthcare professionals providing in-home 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 $216,764

Program Service Revenue $641,159

Investment Income $33,975

Other Revenue $18,745

TOTAL REVENUE $910,643

Expense Breakdown

Grants Paid $181,453

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,078,076

Other Expenses $975,891

TOTAL EXPENSES $1,157,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$910,643	$1,162,117	-0.2%
Expenses	$1,157,344	$1,190,404	0.0%
Net Income	$-246,701	$-28,287	+7.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Norman Vinn	President	2.00	Officer Director	$0	$0	$0
Theresa A Soriano	IMMED PAST PRES	1.00	Officer Director	$0	$0	$0
Eliza Pippa Shulman	PRES ELECT	2.00	Officer Director	$0	$0	$0
Bruce Kinosian	Treasurer	1.00	Officer Director	$0	$0	$0
Barbara Sutton	Secretary	1.00	Officer Director	$0	$0	$0
Linda DeCherrie	Director	1.00	Director	$0	$0	$0
Konstantinos Deligiannidis	Director	1.00	Director	$0	$0	$0
Hank Ross	Director	1.00	Director	$0	$0	$0
Laura Snider	Director	1.00	Director	$0	$0	$0
Marina Nellius	Director	1.00	Director	$0	$0	$0
Thomas Lally	Director	1.00	Director	$0	$0	$0
Alex Binder	Director	1.00	Director	$0	$0	$0
Kristofer Smith	Director	1.00	Director	$0	$0	$0
Rajiv Patel	Director	1.00	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	No data	No data	No data	No data
2023	$910,643	$1,157,344	$551,625	$-246,701
2022	$1,162,117	$1,190,404	$786,429	$-28,287
2021	$1,121,142	$1,103,143	$850,188	$17,999
2020	$1,124,956	$1,215,480	$829,855	$-90,524

AMERICAN ACADEMY OF HOME CARE MEDICINE