Homefirst LHCSA Inc (EIN 611501623) - 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

2008

Legal Domicile

Principal Officer

ALEXANDER BALKO

Phone

7184917261

Tax Period

2020-01-01 to 2020-12-31

Homefirst LHCSA Inc, founded in 2008, is a micro nonprofit in the Health Care sector that reported $28K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $617K exceeded revenue, resulting in a 2131% operating deficit.

Mission

TO PROVIDE NOT-FOR-PROFIT LICENSED HOME CARE AND SUPPLEMENTAL SERVICES

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,039

Investment Income $0

Other Revenue $609

TOTAL REVENUE $27,648

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $85,226

Fundraising Expenses $0

Program Expenses $529,669

Other Expenses $31,695

TOTAL EXPENSES $616,921

Year-over-Year Comparison

	2020	2019	Change
Revenue	$27,648	$6,952,908	-1.0%
Expenses	$616,921	$6,167,894	-0.9%
Net Income	$-589,273	$785,014	-1.8%

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

Employees

451

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

$2,915,651

Total Directors

$1,440,526

Key Employees

$464,271

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER BALKO	CEO, President	0.5	Officer Director	$0	$143,612	$1,440,526
ROBERT LEAMER	ASSISTANT SECRETARY	0.5	Officer	$0	$117,775	$738,142
JEFFREY DAVIS	Chief Financial Officer	0.5	Officer	$0	$95,142	$736,983
TERESE ACAMPORA	COO MJHS Hospice & Home Care	0.5	Key Emp	$0	$68,975	$464,271
RONALD MILCH	CHAIR	0.5	Officer Director	$0	$0	$0
STEVEN TOPAL	VICE CHAIR	0.5	Officer Director	$0	$0	$0
WILLIAM GORMLEY SR	Secretary/Treasurer	0.5	Officer Director	$0	$0	$0
ELI FELDMAN	Director	0.5	Director	$0	$0	$0
ARTHUR GOSHIN	Director	0.5	Director	$0	$0	$0
SHMUEL LEFKOWITZ	DIRECTOR	0.5	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
2020	$27,648	$616,921	$102,261	$-589,273
2019	$6,952,908	$6,167,894	$2,187,902	$785,014
2018	$5,777,460	$5,716,566	$1,645,234	$60,894

Homefirst LHCSA Inc