Advanced Home Care Inc
Only 0% goes to programs Strong reserves Declining revenue
Advanced Home Care Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1994, with $7,155,513 in FY2023 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
Po Box 890492, Charlotte, NC, 27419 EIN 56-1844651 Since 1994
Revenue (FY2023)
$7.2M
▼ 45.6% vs prior year
Unknown median: $232K
Expenses (FY2023)
$724K
Net assets
$33.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating0% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Advanced Home Care Inc: 0% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating562 mo reserves · +90% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Advanced Home Care Inc: 562 mo reserves · +90% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Advanced Home Care Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Advanced Home Care Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Home health care services to the community
What they do
Advanced home care provided home medical equipment services to 123,000 patients in the form of 795,000 deliveries and visits. these visits and deliveries were in the service lines of durable medical equipment, pediatrics, incontinence, respiratory therapy, sleep/pap, custom rehab, specialty wound care, trach, vent, and enteral. the patients were located in 6 states (nc, va, tn, sc, ga, and wv).
Advanced home care provided home infusion medications to 7,000 patients. these medications inlcuded tpn, anti-infectives, pain management, chemotherapy, and steroid/hydration. the patients were served in five states (nc, va, tn, sc, and ga)
Contact & location
- Address
- Po Box 890492, Charlotte, NC, 27419
- City
- Charlotte
- State
- North Carolina
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $125.0M (FY2013) to $7.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $33.9M
Operating margin
89.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$33.9M
Total liabilities
$0
Net assets
$33.9M
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,155,513▼45.6% | $724,459▼45.4% | $33,914,075▼42.9% | $33,914,075▼43.1% | 990 |
| 2022 | $13,155,821▲952% | $1,327,024▼11.3% | $59,353,022▲220% | $59,581,444▲67.3% | 990 |
| 2021 | $1,250,119▼86.2% | $1,496,262▼47.8% | $18,519,551▼35.6% | $35,606,965▼28.3% | 990 |
| 2020 | $9,074,122▼91.8% | $2,864,546▼95.6% | $28,745,158▲43.0% | $49,691,294▼8.5% | 990 |
| 2019 | $110,590,000▼19.4% | $64,769,454▼50.1% | $20,100,556▼81.5% | $54,318,875▼61.6% | 990 |
| 2018 | $137,235,868▲2.7% | $129,922,533▲3.6% | $108,814,431▲3.3% | $141,334,825 | 990 |
| 2017 | $133,599,755▼1.0% | $125,372,160▼3.2% | $105,329,900▲7.1% | $141,338,142▲5.8% | 990 |
| 2016 | $134,962,317▲0.8% | $129,564,442▲0.1% | $98,358,950▲1.7% | $133,625,993▲1.5% | 990 |
| 2015 | $133,874,385▼0.9% | $129,383,410▲2.6% | $96,672,633▲10.9% | $131,701,526▲5.0% | 990 |
| 2014 | $135,050,396▲8.0% | $126,079,525▲8.2% | $87,148,262▲11.5% | $125,424,724▲8.9% | 990 |
| 2013 | $125,023,217 | $116,542,428▼3.6% | $78,177,391▲18.8% | $115,197,903▲17.0% | 990 |
| 2012 | — | $120,899,411▲8.7% | $65,807,038▼8.2% | $98,464,021▲4.3% | 990 |
| 2011 | — | $111,257,568▲4.7% | $71,707,592▲0.6% | $94,394,694▲2.7% | 990 |
| 2010 | — | $106,260,054▲3.9% | $71,284,223▼3.6% | $91,883,735▼2.3% | 990 |
| 2009 | — | $102,262,800 | $73,941,007 | $94,020,453 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andy Barrow | Member | 1 | — |
| Geoff Gardner | Board Chair | 1 | — |
| Marvin Eichorn | Member | 1 | — |
| Neil Luria | Member | 1 | — |
| Paul Grosswald | Member | 1 | — |
Top vendors & contractors (FY2019)
| Contractor | Services | Paid |
|---|---|---|
| Cornerstone Therapy Services | Staffing Home Health Services | $1,287,167 |
| Courier Express | Courier Services | $1,287,167 |
| Womble Bond Dickinson (us) LLP | Legal | $924,045 |
| Ceprint Solutions Inc | Printing | $213,264 |
| Total Triage | Patient Call Center | $205,977 |
Grants made · $97K in FY2017
3 grants totaling $97K in FY2017. All grants made by Advanced Home Care Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Northern Shenandoah Valley | General support | $35,500 |
| Ballad Health | General support | $35,500 |
| Wellstar Health System Inc | General support | $25,500 |
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Frequently asked questions
- Is Advanced Home Care Inc a legitimate nonprofit?
- Yes. Advanced Home Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1844651, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Advanced Home Care Inc's EIN?
- Advanced Home Care Inc's Employer Identification Number (EIN) is 56-1844651.
- How much revenue does Advanced Home Care Inc report?
- Advanced Home Care Inc reported $7,155,513 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Advanced Home Care Inc's spending goes to programs?
- Advanced Home Care Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Advanced Home Care Inc have?
- CharityIndex grades Advanced Home Care Inc C, based on program efficiency and fundraising cost.
- How much does Advanced Home Care Inc's highest-paid employee make?
- The highest reported compensation on Advanced Home Care Inc's latest Form 990 is $0, paid to Andy Barrow (Member).
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Data for Advanced Home Care Inc (EIN 56-1844651) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.