Chesapeake-Potomac Home Health Age… - 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

1995

Legal Domicile

Principal Officer

Amanda R Forsee

Phone

3012749000

Tax Period

2024-07-01 to 2025-06-30

Chesapeake-Potomac Home Health Agency Inc, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

Chesapeake-Potomac Home Health Agency is dedicated to providing quality cost-effective home health services to the residents of Calvert, Charles and St. Mary's Counties.

Program Service Accomplishments

Program 1

Expenses: $3,558,119 Revenue: $4,829,440

Chesapeake-Potomac Home Health Agency provides quality, cost effective home health services to the residents of Calvert, Charles and St. Mary's Counties. Chesapeake-Potomac Home Health Agency strives to increase physical and physiological functioning, and spiritual well-being of patients through home health services. During FY25, Chesapeake-Potomac Home Health Agency admitted over 1,398 patients to care and provided over 22,528 visits to patients residing in Calvert, Charles and St. Mary's Counties. CPHHA specializes in the care of geriatric patients with over 83% of our patients being over 60 years of age. Our average daily active census is 187 patients.

Program 2

Expenses: $800,000

Chesapeake-Potomac Home Health Agency supports its non-profit members:three local community hospitals providing healthcare to Chesapeake-Potomac Home Health Agency's community, CalvertHealth Medical Center, MedStar St. Mary's Hospital and University of Maryland Charles Regional Medical Center (via The Chesapeake Potomac Healthcare Alliance, LLC), as well as the St. Mary's County Health Department through periodic distributions of grants to those entities to support the exempt purpose of such entities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,829,440

Investment Income $166,703

Other Revenue $0

TOTAL REVENUE $4,996,143

Expense Breakdown

Grants Paid $800,000

Salaries & Benefits $3,551,700

Fundraising Expenses $0

Program Expenses $4,358,119

Other Expenses $865,508

TOTAL EXPENSES $5,217,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,996,143	$5,825,562	-0.1%
Expenses	$5,217,208	$5,703,204	-0.1%
Net Income	$-221,065	$122,358	-2.8%

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

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

$440,334

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nona Novello	President	1.00	Officer Director	$0	$0	$0
Jeremy Bradford	Vice President	1.00	Officer Director	$0	$0	$0
Dr Meenakshi Brewster	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Albert Zanger	Director	1.00	Director	$0	$0	$0
Noel Cervino	Past Vice President	1.00	Officer Director	$0	$0	$0
Amanda R Forsee	Executive Director	40.00	Officer	$270,538	$25,875	$296,413
Joan Fan	Finance Director	40.00	Officer	$137,856	$6,065	$143,921
Pamela Hairston	Therapy Serv Director	40.00	Highest	$113,760	$4,062	$117,822
Elizabeth Gardener	Director of CRS	40.00	Highest	$100,351	$2,600	$102,951
Chiedozie Nwajei	Physical Therapist	40.00	Highest	$171,238	$8,576	$179,814
Peter Atoyebi	Physical Therapist	40.00	Highest	$150,159	$8,842	$159,001

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
2025	$4,996,143	$5,217,208	$6,677,815	$-221,065
2024	No data	No data	No data	No data
2023	$5,499,291	$4,698,000	$5,522,860	$801,291
2022	$7,040,628	$5,899,104	$4,857,656	$1,141,524
2021	$7,216,959	$7,423,344	$4,042,132	$-206,385
2020	$5,750,452	$4,953,594	$3,995,766	$796,858
2019	$6,263,750	$6,551,791	$3,341,285	$-288,041

Chesapeake-Potomac Home Health Agency Inc