HERITAGE CARE INC (EIN 521967565) - 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

1996

Legal Domicile

Principal Officer

JUAN CAICEDO

Phone

3012376677

Tax Period

2024-01-01 to 2024-12-31

HERITAGE CARE INC, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 12% surplus.

Mission

TO PROVIDE HEALTHCARE AND EDUCATION SERVICES TO THE COMMUNITY; IN THE HEALTHCARE FIELD THROUGH QUALIFIED HEALTHCARE PROFESSIONALS AND REHABILITATION PROVIDERS, AND IN THE EDUCATIONAL FIELD THROUGH MARYLAND CERTIFIED

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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 $8,000

Program Service Revenue $1,733,021

Investment Income $6,930

Other Revenue $123,615

TOTAL REVENUE $1,871,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,271,444

Fundraising Expenses $0

Program Expenses $1,454,180

Other Expenses $367,655

TOTAL EXPENSES $1,639,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,871,566	$1,371,186	+0.4%
Expenses	$1,639,099	$1,487,687	+0.1%
Net Income	$232,467	$-116,501	-3.0%

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

$247,526

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN CAICEDO	EXECUTIVE DIRECTOR	040.00	Officer	$141,037	$0	$141,037
AARON SYDOR	CHIEF OPERATING OFFICER	040.00	Officer	$106,489	$0	$106,489
ROBERT MCNEIL	SECRETARY	001.00	Officer Director	$0	$0	$0
MIRIAM BALDWIN	TREASURER	001.00	Officer Director	$0	$0	$0
CHRISTIAN CO	DIRECTOR	001.00	Director	$0	$0	$0
FERNANDO MARTINEZ	PRESIDENT	001.00	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	$1,871,566	$1,639,099	$532,313	$232,467
2023	$1,371,186	$1,487,687	$480,596	$-116,501
2022	$1,296,553	$1,475,242	$639,911	$-178,689
2021	$1,479,839	$1,326,345	$597,984	$153,494
2020	$929,472	$1,094,197	$446,664	$-164,725
2019	$1,439,070	$1,189,192	$271,342	$249,878
2018	$5,299,510	$5,460,103	$381,350	$-160,593

HERITAGE CARE INC