Towers Home Care & Rehabilitation Services Inc (EIN 593719464) - 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

2001

Legal Domicile

Principal Officer

Alicia Labrecque

Tax Period

2022-01-01 to 2022-12-31

Towers Home Care & Rehabilitation Services Inc, founded in 2001, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

To provide rehabilitation therapy services to home bound residents of Orange, Seminole, and Osceola counties.

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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 (2022)

Revenue Breakdown

Contributions & Grants $28,129

Program Service Revenue $6,493,665

Investment Income $0

Other Revenue $32,884

TOTAL REVENUE $6,554,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,352,227

Fundraising Expenses $0

Program Expenses $5,545,267

Other Expenses $1,150,644

TOTAL EXPENSES $6,502,871

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,554,678	$7,055,692	-0.1%
Expenses	$6,502,871	$6,788,503	0.0%
Net Income	$51,807	$267,189	-0.8%

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

N/A

Employees

135

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

$1,203,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alicia Labrecque	CEO	20.00	Officer	$0	$0	$579,411
Kerry Gerrity	COO	20.00	Officer	$0	$0	$364,353
Charity Hathorne	CFO	20.00	Officer	$0	$0	$259,448
Eric Mabbaqu	HH Administrator	40.00	Highest	$184,260	$0	$184,260
Grethel Dakay	Occupational Therapist	40.00	Highest	$117,785	$0	$117,785
Harry A Bentley	Clinical Liaison	40.00	Highest	$113,388	$0	$113,388
Kamella Kalabi	Director of Nursing	40.00	Highest	$113,304	$0	$113,304
Matthew Hand	Physical Therapist	40.00	Highest	$102,485	$0	$102,485
Steve Wortman	Treasurer	1.00	Director	$0	$0	$0
Chuck Fritz	Director	1.00	Director	$0	$0	$0
Jeff Jennings	Director	1.00	Director	$0	$0	$0
Bonnie King	Director	1.00	Director	$0	$0	$0
Margaret Bowles	Director	0.00	Director	$0	$0	$0
Denise Beumer	Director	0.00	Director	$0	$0	$0
Barbara Lee	Director	1.00	Director	$0	$0	$0
Todd Anello	Director	1.00	Officer Director	$0	$0	$0
Carla Lyberg	Chairman	1.00	Officer Director	$0	$0	$0
Rick Steinberger	Secretary	1.00	Officer Director	$0	$0	$0
Kevin Maddron	Vice President	1.00	Officer 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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$6,554,678	$6,502,871	$3,180,304	$51,807
2021	$7,055,692	$6,788,503	$3,299,514	$267,189
2020	$7,879,361	$6,753,882	$3,084,549	$1,125,479
2019	$9,181,654	$8,015,228	$1,843,116	$1,166,426
2018	$9,927,462	$7,698,698	$2,753,589	$2,228,764

Towers Home Care & Rehabilitation Services Inc