BAYADA HEARTS FOR HOME CARE INC (EIN 871290656) - 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

2021

Legal Domicile

Principal Officer

DAVID TOTARO

Phone

8569855688

Tax Period

2023-01-01 to 2023-12-31

BAYADA HEARTS FOR HOME CARE INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 2843% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO OPERATE EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE"), OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AND IN FURTHERANCE OF THE FOREGOING, THE MISSION OF THE CORPORATION SHALL BE TO PROMOTE ACCESS TO HIGH QUALITY HOME AND COMMUNITY BASED HEALTH CARE, AS FOLLOWS: THROUGH EDUCATION, ADVOCACY, RESEARCH, AND COMMUNITY SERVICE RELATED TO HIGH QUALITY HOME AND COMMUNITY BASED HEALTH CARE, PROMOTE A SAFE HOME LIFE WITH COMFORT, INDEPENDENCE, AND DIGNITY.

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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 $2,942,907

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,942,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,711,468

Fundraising Expenses $0

Program Expenses $2,801,166

Other Expenses $1,231,439

TOTAL EXPENSES $2,942,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,942,907	$100,000	+28.4%
Expenses	$2,942,907	$15,195	+192.7%
Net Income	$0	$84,805	-1.0%

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

$189,639

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA NESS	KEY EMPLOYEE	40.00	Key Emp	$189,639	$0	$189,639
DANNA CASSERLY	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANNON MCCARSON	TREASURER	2.00	Officer	$0	$0	$0
DAVID TOTARO	PRESIDENT	2.00	Officer	$0	$0	$0
ANITA WEINBERG	SECRETARY	2.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,942,907	$2,942,907	$819,373	No data

BAYADA HEARTS FOR HOME CARE INC