MORSELIFE HOME CARE INC (EIN 592753822) - 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

1986

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

MORSELIFE HOME CARE INC, founded in 1986, is a major nonprofit in the Health Care sector that reported $124.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $118.5M left a modest 5% surplus.

Mission

TO HELP CLIENTS MAINTAIN THEIR INDEPENDENCE BY REMAINING IN THEIR OWN HOMES.

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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 $1,096,158

Program Service Revenue $122,785,109

Investment Income $683,861

Other Revenue $113,894

TOTAL REVENUE $124,679,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,195,287

Fundraising Expenses $0

Program Expenses $96,544,874

Other Expenses $88,285,048

TOTAL EXPENSES $118,480,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,679,022	$107,375,503	+0.2%
Expenses	$118,480,335	$102,282,770	+0.2%
Net Income	$6,198,687	$5,092,733	+0.2%

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

801

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

$352,669

Total Directors

Key Employees

$553,513

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH MYERS	CEO, PRESIDENT	2.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	2.0	Officer Director	$0	$0	$0
TERRI SRIBERG	CHAIRMAN	2.0	Officer Director	$0	$0	$0
VICKI LORING	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
ANDREW SANKIN	DIRECTOR	2.0	Director	$0	$0	$0
ARTHUR LORING	DIRECTOR	2.0	Director	$0	$0	$0
BETH GOLDBERG	DIRECTOR	2.0	Director	$0	$0	$0
CYNTHIA HIRSCH	DIRECTOR	2.0	Director	$0	$0	$0
DAVID MOSCOW	DIRECTOR	2.0	Director	$0	$0	$0
DEAN ROSENBACH	DIRECTOR	2.0	Director	$0	$0	$0
DEBORAH ROBBINS	DIRECTOR	2.0	Director	$0	$0	$0
EILEEN BERMAN	DIRECTOR	2.0	Director	$0	$0	$0
FRANCINE KITTREDGE	DIRECTOR	2.0	Director	$0	$0	$0
HEIDI HOROWITZ	DIRECTOR	2.0	Director	$0	$0	$0
JOHN LEVIN	DIRECTOR	2.0	Director	$0	$0	$0
JUDITH SCHLAGER	DIRECTOR	2.0	Director	$0	$0	$0
MARILYN KATZ	DIRECTOR	2.0	Director	$0	$0	$0
RICHARD COMITER	DIRECTOR	2.0	Director	$0	$0	$0
SHEILA APPLESTEIN	DIRECTOR	2.0	Director	$0	$0	$0
STANLEY KATZ	DIRECTOR	2.0	Director	$0	$0	$0
WENDY LEVY	DIRECTOR	2.0	Director	$0	$0	$0
PAOLA POUPONNEAU-NISBETT	SR. VP OF COMMUNITY	20.0	Officer	$347,469	$5,200	$352,669
IVAN MERKELJ	MEDICAL DIRECTOR OF PACE	40.0	Key Emp	$528,553	$24,960	$553,513
ALEJANDRO ROBLES TORRES	GERIATRIC PHYSICIAN	40.0	Highest	$323,938	$25,635	$349,573
JESSICA ELLIS	EXECUTIVE DIRECTOR OF PALM BEACH PAC	40.0	Highest	$162,197	$10,469	$172,666
PETER GOLIVER	DIRECTOR OF CLINICAL SERVICE	40.0	Highest	$140,651	$9,082	$149,733
TINA KOWALSKI	ADMINISTRATOR	40.0	Highest	$197,205	$45,832	$243,037
TONY NGUYEN	STAFF THERAPIST	40.0	Highest	$159,606	$18,392	$177,998

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	$124,679,022	$118,480,335	$37,316,782	$6,198,687
2024	$107,375,503	$102,282,770	$21,990,401	$5,092,733
2023	$88,741,008	$83,791,814	$33,370,850	$4,949,194
2022	$81,547,047	$77,528,092	$27,463,868	$4,018,955
2021	$76,696,635	$72,305,411	$23,599,538	$4,391,224
2020	$68,570,987	$62,909,743	$22,249,937	$5,661,244
2019	$54,593,314	$50,738,688	$22,178,673	$3,854,626
2018	$40,605,909	$37,547,971	$16,950,760	$3,057,938

MORSELIFE HOME CARE INC