HOPEHEALTH MASSACHUSETTS INC

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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

1980

Legal Domicile

Principal Officer

DIANA FRANCHITTO

Phone

5089570200

Tax Period

2019-10-01 to 2020-09-30

HOPEHEALTH MASSACHUSETTS INC, founded in 1980, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2019. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

HOPEHEALTH MASSACHUSETTS, INC. PROVIDED SERVICES THAT ENHANCED THE COMFORT AND QUALITY OF LIFE FOR PATIENTS AND FAMILIES EXPERIENCING THE IMPACT OF SERIOUS ILLNESS AND LOSS.

Program Service Accomplishments

Program 1

Expenses: $1,023,437 Revenue: $1,089,538

HOPEHEALTH MASSACHUSETTS, INC. ("HH-MA") CEASED PROVIDING ITS OUTPATIENT HOSPICE OPERATIONS SERVING THE CAPE COD AND ISLAND COMMUNITIES AND ITS INPATIENT HOSPICE SERVICES AT THE MCCARTHY CARE CENTER ("MCC") EFFECTIVE JANUARY 31, 2019. SUBSEQUENT TO RECEIVING APPROVAL FROM THE MASSACHUSETTS SUPREME JUDICIAL COURT, HH-MA TRANSFERRED MCC PROPERTY TO CAPE COD HEALTHCARE ("CCHC") ON SEPTEMBER 24, 2019. HH-MA CEASED OPERATING AS A SEPARATE LEGAL ENTITY AND MERGED IT'S OPERATIONS INTO HOPE HEALTH & PALLIATIVE CARE RHODE ISLAND ("HHHPC").PRIOR TO CEASING ACTIVITIES HH-MA TOUCHED THE LIVES OF PEOPLE COPING WITH SERIOUS ILLNESS WITH DEDICATED SERVICES AND SPECIAL SUPPORT. (SEE SCHEDULE O) HOPEHEALTH MASSACHUSETTS, INC. SERVED THOUSANDS OF PEOPLE EACH YEAR DELIVERING A WIDE RANGE OF SERVICES THROUGHOUT EASTERN MASSACHUSETTS. FOCUSING ON PROVIDING INNOVATIVE CARE WITH THE UTMOST SKILL, COMPASSION AND RESPECT. ESTABLISHED IN 1981 AS HOSPICE OF CAPE COD, HH-MA WAS ONE OF THE NATION'S PIONEER PROGRAMS WITH SERVICES INCLUDING HOPE HOSPICE, HOPE CARE FOR KIDS, HOPE DEMENTIA & ALZHEIMER'S SERVICES AND HOPE ACADEMY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,089,538

Investment Income $4,742

Other Revenue $0

TOTAL REVENUE $1,094,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,821

Fundraising Expenses $87

Program Expenses $1,023,437

Other Expenses $577,683

TOTAL EXPENSES $1,223,504

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,094,280	$10,282,806	-0.9%
Expenses	$1,223,504	$19,034,098	-0.9%
Net Income	$-129,224	$-8,751,292	-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

N/A

Independent Members

N/A

Employees

117

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

$537,420

Total Directors

Key Employees

$1,515,568

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ARNOLD	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
POLLY BROWN	SECRETARY (RESIGNED 11/17/20)	0.00	Officer Director	$0	$0	$0
JAMES BUTTERICK	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
LAWRENCE CAPODILUPO	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
DEBORAH CORNWALL	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
DENISE DEVER	VICE CHAIR (RESIGNED 11/17/20)	0.00	Officer Director	$0	$0	$0
CRAIG KAPPEL	TREASURER (RESIGNED 11/17/20)	0.00	Officer Director	$0	$0	$0
RICHARD NEITZ	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
THOMAS O'NEILL	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
GEORGE ALLEN PECKHAM	CHAIRMAN (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
JAMES PURCELL	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
PAUL STAJDUHAR	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
RICHARD TRULL	DIRECTOR (RESIGNED 11/17/20)	0.00	Director	$0	$0	$0
DIANA FRANCHITTO	PRESIDENT & CEO	20.00	Officer	$0	$27,247	$537,420
CARA HART	CHIEF HUMAN RESOURCES OFFICER	8.00	Key Emp	$0	$26,732	$239,722
ADDY KANE	CFO	20.00	Key Emp	$0	$27,247	$335,987
MAUREEN BISCHOFF	CHIEF OPERATING OFFICER	40.00	Key Emp	$0	$24,874	$282,183
EDWARD MARTIN	CMO	40.00	Key Emp	$0	$23,348	$430,752
SANDRA WILKERSON	VP - HOSPICE SERVICES	40.00	Key Emp	$0	$22,568	$226,924
PAMELA SMITH	RN-AFTER HOURS	40.00	Highest	$111,493	$18,757	$130,250
DAVID HEMENDINGER	FORMER CIO (TERM 7/24/19)	11.60		$0	$1,915	$130,587

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
2020	$1,094,280	$1,223,504	No data	$-129,224
2019	$10,282,806	$19,034,098	$2,922,331	$-8,751,292
2018	$18,474,869	$22,169,451	$16,841,466	$-3,694,582