Circle Home Inc
Nonprofit profile at a glance
- EIN
- 042103812
- IRS 990 coverage
- 2014–2021
- Forms available
- Form 990 2021, Form 990-T 2021
- Location
- Lawrence, MA, USA
- Phone
- 9784599343
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $173,211
- Expenses
- $99,593
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- KAREN E GOMES (PRESIDENT/CEO)
Highest reported compensation
- MICHAEL DANDORPH (TRUSTEE): $2,165,710 total reported compensation
- DR MICHAEL WAGNER MD (TRUSTEE): $2,142,240 total reported compensation
- JOSEPH WHITE (TRUSTEE): $1,305,031 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Circle home, inc. Enabled individuals to remain safely in their homes by providing the highest quality home health, hospice, and other community health services.
What it reported doing in 2021
Home health care - provided necessary care & treatment to patients, in their homes, without regard for their ability to pay. This care was more cost effective, for certain populations, than inpatient care.home health care was for patients who had difficulty getting out of the house, and who needed help with:*recovery after surgery or a hospital stay*healing after a serious injury*coping with a major change in health*medical treatments that require a nurse or therapist*preventing complications after childbirth*learning how to successfully manage a chronic disease
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 67
- Accountability: 79
- Sustainability: 41
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.5%; rating input score 57
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 64.3%; rating input score 64; 17th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 42.5%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 1,138%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -10.4% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -11.6% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -23.7% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 57.5% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $100K in reported program spending
- Leadership: top reported pay $2.2M · 23 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $262K reported
- Consistency: 15 of 15 current checks pass
- Schedules: 6 filed schedules · includes executive pay and related organizations
- Filing history: 8 filing years from 2014 to 2021
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 57 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.