Princeton Homecare Services LLC

EIN: 814196648 501(c)(3)

Orlando, FL

Total Revenue
$17,457,574
Total Expenses
$20,982,850
Total Assets
$10,542,989
Net Assets
$7,155,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
Bryan Wright
Phone
4076918205
Tax Period
2024-01-01 to 2024-12-31

Princeton Homecare Services LLC, founded in 2016, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2024. Expenses of $21.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

Home nursing care services for related tax-exempt hospital.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,250
Program Service Revenue $16,975,989
Investment Income $480,335
Other Revenue $0
TOTAL REVENUE $17,457,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,413,196
Fundraising Expenses $0
Program Expenses $18,166,633
Other Expenses $2,569,654
TOTAL EXPENSES $20,982,850

Year-over-Year Comparison

2024 2023 Change
Revenue $17,457,574 $16,668,009 +0.0%
Expenses $20,982,850 $22,854,916 -0.1%
Net Income $-3,525,276 $-6,186,907 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
324
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
2
$1,169,886
Total Directors
7
$7,149,034
Key Employees
2
$869,643
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thompson Michael Director (End 12/2024) 0.10
Director
$0 $158,445 $1,851,004
Davis Brent Director (Beg 12/2024) 0.10
Director
$0 $180,470 $1,205,817
Brady MD Scott Director 0.10
Director
$0 $154,632 $1,195,331
Zbaraschuk Amy Director 0.10
Director
$0 $120,283 $909,130
Lowe Evelyn Director (End 07/2024) 0.00
Director
$0 $32,375 $817,866
Hinds Nigel Director/Officer 0.10
Officer Director
$0 $53,886 $609,104
Wright Bryan Director/Chairman/CEO Home Svcs 7.50
Officer Director
$0 $94,139 $560,782
Wheeler Mark VP CFO Home Svcs (Beg 02/2024) 7.50
Key Emp
$0 $14,198 $449,372
Soccio Michael VP Home Based Svcs (End 03/2024) 50.00
Key Emp
$0 $13,621 $420,271
McFadden Karen Exec. Director of Home Health 0.00
Highest
$230,160 $30,312 $272,403
Bowers John Executive Director of Finance 10.00
Highest
$167,263 $27,760 $214,982
Ballantyne Erica Director of Clinical Consumer Svcs 10.00
Highest
$181,669 $9,963 $213,095
Campbell Kelly Director of Connect Care Coord Prgm 10.00
Highest
$156,728 $48,468 $205,196
Rusche Randall Director of Business Development 10.00
Highest
$186,073 $10,608 $196,681
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 $17,457,574 $20,982,850 $10,542,989 $-3,525,276
2023 $16,668,009 $22,854,916 $13,893,624 $-6,186,907
2022 $6,683,497 $8,412,716 $18,277,312 $-1,729,219
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