HOMECARE ASSOCIATION OF ARKANSAS (EIN 710571047) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

CHARLIE MARTIN

Phone

5013767107

Tax Period

2023-01-01 to 2023-12-31

HOMECARE ASSOCIATION OF ARKANSAS, founded in 1981, is a small nonprofit that reported $219K in total revenue in fiscal year 2020. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AREA HOME HEALTH AGENCIES WITH EDUCATIONAL AND INFORMATIONAL SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $109,572

Program Service Revenue $66,749

Investment Income $3,351

Other Revenue $0

TOTAL REVENUE $179,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,306

Fundraising Expenses $0

Program Expenses $147,241

Other Expenses $59,935

TOTAL EXPENSES $147,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,672	$219,388	-0.2%
Expenses	$147,241	$163,917	-0.1%
Net Income	$32,431	$55,471	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HAMMOND RN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANIE PUGSLEY RN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN VINSON RN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICK SHELTON MOT	TREASURER	1.00	Officer Director	$0	$0	$0
HADEN GILDER	NORTHWEST DISTRICT REP	1.00	Director	$0	$0	$0
TISHA RICHEY	NORTH CENTRAL DISTRICT REP	1.00	Director	$0	$0	$0
DEBBY TAYLOR RN	METRO DISTRICT REP	1.00	Director	$0	$0	$0
TARA MILHAM	SOUTHWEST DISTRICT REP	1.00	Director	$0	$0	$0
BECKY OSBORNE RN	MEMBERSHIP TYPE I REP	1.00	Director	$0	$0	$0
BRANDI MELTON	MEMBERSHIP TYPE II REP	1.00	Director	$0	$0	$0
GEORGIA MURPHY RN	MEMBERSHIP TYPE III REP	1.00	Director	$0	$0	$0
HEATHER SNELLINGS RN	MEMBERSHIP TYPE IV REP	1.00	Director	$0	$0	$0
KIMMELA STEED RN BSN	MEMBERSHIP TYPE V REP	1.00	Director	$0	$0	$0
CHARLIE MARTIN	EXECUTIVE DIRECTOR	40.00	Highest	$80,000	$0	$80,000

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	$179,672	$147,241	$371,072	$32,431
2022	$219,388	$163,917	$338,377	$55,471
2021	$164,125	$135,212	$282,894	$28,913
2020	$219,348	$215,843	$192,056	$3,505

HOMECARE ASSOCIATION OF ARKANSAS