FLAGLER HOME CARE LLC (EIN 821562462) - 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

2017

Legal Domicile

Principal Officer

ROBERT W THORNTON

Phone

9048242501

Tax Period

2022-10-01 to 2023-09-30

FLAGLER HOME CARE LLC, founded in 2017, is a small nonprofit in the Health Care sector that reported $508K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 279% operating deficit.

Mission

TO RESPECTFULLY AND COMPASSIONATELY MEET THE NEEDS OF ITS PATIENTS AND THEIR FAMILIES BY LISTENING, PLANNING, EDUCATING, AND DELIVERING THE HIGHEST QUALITY OF INDIVIDUALIZED HOME HEALTH 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $507,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $507,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,770,364

Other Expenses $1,922,640

TOTAL EXPENSES $1,922,640

Year-over-Year Comparison

	2022	2021	Change
Revenue	$507,950	$1,630,364	-0.7%
Expenses	$1,922,640	$1,963,181	0.0%
Net Income	$-1,414,690	$-332,817	+3.3%

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

N/A

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

$1,747,269

Total Directors

$1,747,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON DEVOOGHT	PRESIDENT/CEO	1.00	Officer Director	$0	$27,637	$553,428
DONNA WAGNER	VP CNO	1.00	Officer Director	$0	$1,224	$206,387
TOM BAILEY	INTERIM CFO/ ADMINISTRATOR	0.06	Officer Director	$0	$8,709	$134,317
DAVID RICE MD	EVP/CHIEF PHYSICIAN EXECUTIVE	0.06	Officer Director	$0	$55,463	$599,298
JILL BERRY	VP, CHIEF LEGAL OFFICER	0.06	Officer Director	$0	$18,225	$253,839
JASON BARRETT	CEO (FORMER)	0.00		$0	$0	$379,229

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$507,950	$1,922,640	$2,354,255	$-1,414,690
2022	$1,630,364	$1,963,181	$2,088,064	$-332,817
2021	$839,299	$1,723,938	$1,516,960	$-884,639
2020	$1,763,195	$1,646,242	$2,232,456	$116,953
2019	$1,303,838	$1,403,514	$1,984,687	$-99,676
2018	$1,121,268	$1,246,279	$1,677,341	$-125,011

FLAGLER HOME CARE LLC