Homecare Associates Inc

EIN: 581748171 501(c)(3) Food, Agriculture & Nutrition

Atlanta, GA

Total Revenue
$8,647,315
Total Expenses
$8,647,315
Total Assets
$2,129,502
Net Assets
$172,640
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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
1987
Legal Domicile
GA
Principal Officer
SHERMAN BARGE
Phone
4045232692
Tax Period
2024-01-01 to 2024-12-31

Homecare Associates Inc, founded in 1987, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $8.6M in total revenue in fiscal year 2024.

Mission

ADULT FOOD CARE NUTRITIONAL ADMINISTRATIVE SUPPORT TO DAY CARE CENTERS AND HOME CARE PROVIDERS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,647,315
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,647,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,647,315
Other Expenses $8,647,315
TOTAL EXPENSES $8,647,315

Year-over-Year Comparison

2024 2023 Change
Revenue $8,647,315 $8,405,827 +0.0%
Expenses $8,647,315 $8,405,827 +0.0%
Net Income $0 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
6
Volunteers
N/A

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
2
$161,928
Total Directors
5
$161,928
Key Employees
2
$161,928
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA DRUMMOND DIRECTOR 040.00
Officer Director Key Emp Highest
$91,344 $0 $91,344
SHERMAN BARGE BOARD CHAIR 040.00
Officer Director Key Emp Highest
$70,584 $0 $70,584
SHERRY NELSON BOARD MEMBER N/A
Director
$0 $0 $0
SHERRY ANDERSON BOARD MEMBER N/A
Director
$0 $0 $0
JIM PRATT BOARD MEMBER N/A
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 $8,647,315 $8,647,315 $2,129,502 No data
2023 $8,405,827 $8,405,827 $2,190,517 No data
2022 $7,313,867 $7,311,990 $260,400 $1,877
2021 $6,149,129 $6,149,129 $653,854 No data
2020 $4,829,804 $4,829,804 $613,296 No data
2019 $5,238,755 $5,238,755 $666,401 No data
2018 $4,334,062 $4,334,062 $522,498 No data
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