PINE TREE HOSPICE

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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

1985

Legal Domicile

Principal Officer

KRISTEN WORTMAN

Phone

2078028078

Tax Period

2023-10-01 to 2024-09-30

PINE TREE HOSPICE, founded in 1985, is a small nonprofit that reported $156K in total revenue in fiscal year 2023. Expenses of $178K exceeded revenue, resulting in a 14% operating deficit.

Mission

PTH HONORS LIFE AND OFFERS COMFORT WITH DIGNITY TO PEOPLE OF ANY AGE LIVING WITH A PROGRESSIVE LIFE-LIMITING ILLNESS. IT EDUCATES AND SUPPORTS ITS VOLUNTEERS AND STAFF TO MAINTAIN A HIGH STANDARD OF CARE, AND RESPONDS TO CARE-GIVER, FAMILY AND COMMUNITY NEEDS FOR CONTINUED BEREAVEMENT SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $91,741

PROVIDING INDIRECT AND DIRECT NON-MEDICAL CARE FOR CLIENTS AND FAMILIES WHICH CAN TAKE PLACE IN THE HOME, HOSPITAL OR NURSING HOME. PROVIDING ON CALL SERVICE FOR PATIENTS AND THEIR FAMILIES NEEDING SUPPORT AT THE MAYO REGIONAL HOSPITAL. PROVIDING RESPONSE TO TRAUMATIC COMMUNITY EVENTS. PROVIDING BEREAVEMENT SUPPORT FOR CHILDREN, ADULTS AND FAMILIES. PINE TREE HOSPICE RECEIVES NO STATE OR FEDERAL FUNDING, AND NO PAYMENTS FROM INSURANCE COMPANIES. IN MAINE, STATE REGULATIONS DICTATE THAT A VOLUNTEER HOSPICE PROGRAM IS DEFINED AS A HOSPICE PROGRAM THAT PROVIDES ALL DIRECT PATIENT CARE AT NO CHARGE. AS SUCH A VOLUNTEER HOSPICE AND BEREAVEMENT PROGRAM WE ARE NOT ALLOWED TO BE A FEE FOR SERVICE ORGANIZATION. OUR FINANCIAL VIABILITY IS DEPENDENT SOLELY UPON THE GENEROSITY RECEIVED FROM GRANTS, FUNDRAISING, STRONG COLLABORATIVE SUPPORT AND DONATIONS OF FOUNDATIONS. PINE TREE HOSPICE, AS A VOLUNTEER HOSPICE, PROVIDES ALL ITS DIRECT CARE THROUGH THE SERVICE OF 50 + VOLUNTEERS. AS MOST AGENCY PROGRAMMATIC COSTS CONSIST PRIMARILY OF WAGES AND BENEFITS, PINE TREE HOSPICE WILL HAVE AN INORDINATELY LOWER PERCENTAGE OF PROGRAMMATIC COSTS THAN IS TYPICAL. THIS CAN PORTRAY A MISLEADING HIGH PERCENT OF G&A BUT IN ACTUALITY PINE TREE HOSPICE HAS ONLY 3 PART-TIME AND 1 FULL-TIME EMPLOYEES TO OVERSEE THE DELIVERY OF ITS MISSION. OUR BIGGEST ASSET IS NOT REFLECTED IN DOLLARS AND CENTS, IT IS MEASURED IN THE HOURS FOUND IN THE 50-PERSON VOLUNTEER BASE THAT WE HAVE BUILT.

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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 $152,921

Program Service Revenue $0

Investment Income $443

Other Revenue $2,830

TOTAL REVENUE $156,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,287

Fundraising Expenses $33,763

Program Expenses $91,741

Other Expenses $30,133

TOTAL EXPENSES $178,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,194	$155,135	+0.0%
Expenses	$178,420	$182,365	0.0%
Net Income	$-22,226	$-27,230	-0.2%

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

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

$73,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN WORTMAN	EXECUTIVE DI	40.00	Officer	$68,218	$5,429	$73,647
DEBORAH DREW	DIRECTOR	1.00	Director	$0	$0	$0
JASON FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
ARDIS HACKER	DIRECTOR	1.00	Director	$0	$0	$0
XIAORONG WU HORTON	DIRECTOR	1.00	Director	$0	$0	$0
JON KNEPP	DIRECTOR	1.00	Director	$0	$0	$0
CLARE LIZOTTE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NOLAN LOVELL	TREASURER	1.00	Officer Director	$0	$0	$0
DIANA MARKELLA	DIRECTOR	1.00	Director	$0	$0	$0
JANET SAWYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SEBASTIAN ZEPEDA	SECRETARY	1.00	Officer Director	$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
2024	$156,194	$178,420	$373,483	$-22,226
2023	$155,135	$182,365	$347,477	$-27,230
2022	$148,082	$170,776	$352,738	$-22,694
2021	$218,934	$176,910	$412,293	$42,024
2020	$208,526	$178,901	$420,382	$29,625
2019	$205,531	$190,825	$404,671	$14,706