PARTNERS IN HOME CARE INC

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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

1984

Legal Domicile

Principal Officer

CORIN SCHNEIDER

Phone

4067288848

Tax Period

2023-01-01 to 2023-12-31

PARTNERS IN HOME CARE INC, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $23.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PARTNERS IN HOME CARE IS PASSIONATELY COMMITTED TO ASSISTING PATIENTS AND FAMILIES IN ACHIEVING OPTIMAL HEALTH, INDEPENDENCE AND COMFORT THROUGH HIGH QUALITY, COST-EFFECTIVE HOME AND COMMUNITY HEALTH-RELATED SERVICES.

Program Service Accomplishments

Program 1

Expenses: $6,166,425 Revenue: $7,407,992

HOME HEALTH SERVICES INCLUDE NURSING CARE AND PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY TO HELP CLIENTS MAKE THE TRANSITION FROM THE HOSPITAL OR NURSING HOME BACK TO THE COMFORT AND FAMILIARITY OF HOME. CLIENTS RECEIVE ASSISTANCE WITH RECOVERY FROM SURGERY AND ILLNESS, EDUCATION TO MANAGE HEALTH PROBLEMS, AND ASSISTANCE WITH COMPLICATED MEDICINE REGIMES AND DAILY ROUTINES. PARTNERS IN HOME CARE PROVIDED 41,033 VISITS TO APPROXIMATELY 2000 PATIENTS WITHIN THE COMMUNITY AND $8,295 IN CHARITY CARE.

Program 2

Expenses: $5,099,165 Revenue: $6,125,846

PARTNERS' SOLUTIONS IS A LICENSED HOME INFUSION THERAPY PROVIDER AND ENABLES PEOPLE TO RECEIVE INFUSION THERAPY SAFELY AND EFFECTIVELY AT HOME. VARIOUS THERAPIES ARE OFFERED WITH IN-HOME TRAINING AND NURSING SERVICES PROVIDED. PARTNERS' SOLUTIONS ALSO HAS AN ON SITE PHARMACY AND DELIVERS DRUGS AND SUPPLIES. PARTNERS' SOLUTIONS PROVIDED APPROXIMATELY 49,878 THERAPY DAYS TO PATIENTS. SOLUTIONS HAD $22,552 IN CHARITY CARE DURING THE YEAR.

Program 3

Expenses: $4,846,834 Revenue: $5,822,710

HOSPICE IS A CONCEPT OF TOTAL SUPPORT AND CARE FOR PATIENTS WHO HAVE BEEN DIAGNOSED WITH AN ILLNESS THAT WILL RESULT IN A LIFE EXPECTANCY OF SIX MONTHS OR LESS. HOSPICE'S EARLY INTERVENTION HELPS THE PATIENT AND FAMILY LIVE THE REMAINING MONTHS AS COMFORTABLE AND PREPARED FOR THE END OF LIFE AS POSSIBLE. PARTNERS IN HOME CARE PROVIDED 14,489 NURSING, THERAPY, SOCIAL WORKER, AND HOME HEALTH AID VISITS OVER MORE THAN 30,000 PATIENT DAYS IN THE COMMUNITY AND $3,839 IN CHARITY CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,662

Program Service Revenue $23,353,859

Investment Income $142,822

Other Revenue $91,336

TOTAL REVENUE $23,600,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,428,823

Fundraising Expenses $0

Program Expenses $19,439,793

Other Expenses $11,281,306

TOTAL EXPENSES $25,710,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,600,679	$21,811,920	+0.1%
Expenses	$25,710,129	$22,990,176	+0.1%
Net Income	$-2,109,450	$-1,178,256	+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

260

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

$714,815

Total Directors

$535,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANELLE HUSTON	BOARD CHAIR	40.00	Officer Director	$0	$51,149	$249,388
SANDEE MAHONEY	BOARD MEMBER	5.00	Director	$0	$35,407	$286,472
DIANNE HANSEN	FORMER CEO	40.00	Officer	$107,849	$4,478	$112,327
CHRIS HARGIS	FINANCE DIRECTOR	40.00	Officer	$126,326	$15,983	$142,309
CORIN SCHNEIDER	CEO	40.00	Officer	$201,317	$9,474	$210,791
LARA MACKLIN	PHARMACIST	40.00	Highest	$125,053	$27,499	$152,552
GUDREN SCHROEDER	PHARMACIST	40.00	Highest	$133,060	$12,761	$145,821
COLLEN LEADBETTER	MANAGER OF SOLUTIONS	40.00	Highest	$146,893	$29,680	$176,573
MICHELLE JONES	PHARMACIST	40.00	Highest	$130,189	$13,676	$143,865

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	$23,600,679	$25,710,129	$19,580,766	$-2,109,450
2022	$21,811,920	$22,990,176	$20,692,884	$-1,178,256
2021	$24,204,168	$21,327,100	$21,816,620	$2,877,068
2020	$21,144,428	$19,516,198	$20,722,866	$1,628,230
2019	$20,047,338	$18,201,749	$15,758,264	$1,845,589
2018	$18,816,594	$16,670,703	$13,243,989	$2,145,891