ADVANCED HOME CARE INC (EIN 561844651) - 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

1993

Legal Domicile

Principal Officer

KRIS TRENT

Phone

2145980484

Tax Period

2023-10-01 to 2024-09-30

ADVANCED HOME CARE INC, founded in 1993, is a community nonprofit in the Unknown sector that reported $7.2M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.4M, a strong 90% operating margin.

Mission

HOME HEALTH CARE SERVICES TO THE COMMUNITY

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $7,155,513

TOTAL REVENUE $7,155,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $724,459

TOTAL EXPENSES $724,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,155,513	$13,155,821	-0.5%
Expenses	$724,459	$1,327,024	-0.5%
Net Income	$6,431,054	$11,828,797	-0.5%

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
GEOFF GARDNER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ANDY BARROW	MEMBER	1.00	Director	$0	$0	$0
NEIL LURIA	MEMBER	1.00	Director	$0	$0	$0
MARVIN EICHORN	MEMBER	1.00	Director	$0	$0	$0
PAUL GROSSWALD	MEMBER	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	$7,155,513	$724,459	$33,914,075	$6,431,054
2023	$13,155,821	$1,327,024	$59,581,444	$11,828,797
2022	$1,250,119	$1,496,262	$35,606,965	$-246,143
2021	$9,074,122	$2,864,546	$49,691,294	$6,209,576
2020	$110,590,000	$64,769,454	$54,318,875	$45,820,546
2019	$137,235,868	$129,922,533	$141,334,825	$7,313,335
2018	$133,599,755	$125,372,160	$141,338,142	$8,227,595

ADVANCED HOME CARE INC