THE CONNECTICUT HOSPICE 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

1971

Legal Domicile

Principal Officer

MARY GILHULY

Phone

2033157500

Tax Period

2023-10-01 to 2024-09-30

THE CONNECTICUT HOSPICE INC, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $20.5M in total revenue in fiscal year 2023.

Mission

IN 1974 THE CONNECTICUT HOSPICE INC., A 501(C)(3) NOT FOR PROFIT, FOUNDED AMERICA'S HOSPICE MOVEMENT, ALMOST 50 YEARS LATER, WE CONTINUE TO SET THE NATIONAL STANDARD FOR HOME AND INPATIENT HOSPICE CARE AND HAVE BECOME A LEADER IN PALLIATIVE CARE. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $9,950,932 Revenue: $6,480,558

INPATIENT: PATIENTS WHO ARE CRITICALLY ILL AND WHOSE CONDITIONS ARE RAPIDLY CHANGING, REQUIRE CONSTANT ATTENTION AND ASSESSMENT. AT CONNECTICUT HOSPICE, A PATIENT'S CARE PLAN IS INDIVIDUALLY DESIGNED AND BASED ON CLINICAL ASSESSMENT AND CAREFUL DOCUMENTATION OF SYMPTOMS. OUR COMPREHENSIVE APPROACH ENABLES PATIENTS AND FAMILIES TO ATTAIN OPTIMUM QUALITY OF LIFE WITH FREQUENT PHYSICIAN AND CLINICAL PHARMACY ROUNDS EACH DAY, ALONG WITH SUPERB NURSING CARE.

Program 2

Expenses: $7,484,376 Revenue: $10,225,913

HOME CARE: SINCE 1974, CONNECTICUT HOSPICE HOME CARE NURSES HAVE PROVIDED SERVICES TO OVER 70 CITIES AND TOWNS IN CONNECTICUT. ON AN AVERAGE DAY, OVER 200 PATIENTS RECEIVE A MIX OF NURSING, SOCIAL...

HOME CARE: SINCE 1974, CONNECTICUT HOSPICE HOME CARE NURSES HAVE PROVIDED SERVICES TO OVER 70 CITIES AND TOWNS IN CONNECTICUT. ON AN AVERAGE DAY, OVER 200 PATIENTS RECEIVE A MIX OF NURSING, SOCIAL WORK, MEDICAL, AND PASTORAL CARE AT HOME. OUR HOME CARE PROGRAM IS DIVIDED INTO STAND BY ME, A NON-HOSPICE PROGRAM FOR PEOPLE IN NEED OF SKILLED NURSING SERVICES WHO ARE STILL SEEKING CONVENTIONAL MEDICAL CARE SUCH AS CHEMO- AND/OR IMMUNOTHERAPY, AND HOSPICE HOME CARE, FOR THOSE ELECTING TO STOP CONVENTIONAL CARE AND SEEK COMFORT ORIENTED MEASURES ONLY.

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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 $3,360,535

Program Service Revenue $16,706,785

Investment Income $346,992

Other Revenue $73,835

TOTAL REVENUE $20,488,147

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $12,224,399

Fundraising Expenses $228,968

Program Expenses $17,435,308

Other Expenses $8,151,449

TOTAL EXPENSES $20,625,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,488,147	$20,887,104	0.0%
Expenses	$20,625,848	$21,020,315	0.0%
Net Income	$-137,701	$-133,211	+0.0%

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

245

Volunteers

185

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

$583,501

Total Directors

$362,453

Key Employees

$342,646

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW ALDEN	DIRECTOR	0.75	Director	$0	$0	$0
PATRICIA BAKER	CHAIR	0.75	Officer Director	$0	$0	$0
EDO BANACH	DIRECTOR	0.75	Director	$0	$0	$0
ANTHONY BROCKMAN	DIRECTOR	0.75	Director	$0	$0	$0
THOMAS R CANDRICK JR	DIRECTOR	0.75	Director	$0	$0	$0
CHRISTOPHER COMFORT	DIRECTOR	0.75	Director	$0	$0	$0
HARWOOD COMSTOCK	TREASURER	0.75	Officer Director	$0	$0	$0
SUZANNE LAGARDE MD	DIRECTOR	0.75	Director	$0	$0	$0
RANDOLPH B REINHOLD	DIRECTOR	0.75	Director	$0	$0	$0
EDWIN V SELDEN	SECRETARY	0.75	Officer Director	$0	$0	$0
JEFFREY WEBER	DIRECTOR	0.75	Director	$0	$0	$0
JOHN LUKE WILLIAMS	DIRECTOR	0.75	Director	$0	$0	$0
BARBARA PEARCE	CEO	40.00	Officer Director	$361,453	$1,000	$362,453
WILLIAM KOSTURKO	VICE CHAIR	0.75	Officer Director	$0	$0	$0
ROBIN KANAREK	DIRECTOR	0.75	Director	$0	$0	$0
JOSEPH MOONEY	CFO (UNTIL 1/2024)	40.00	Officer	$220,048	$1,000	$221,048
MARY GILHULY	CFO (FROM 1/2024)	40.00	Officer	$0	$0	$0
JOSEPH P SACCO	CMO	40.00	Key Emp	$309,022	$33,624	$342,646
JOHN TARUTIS	DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$149,610	$0	$149,610
EVELYN BARNUM	COMPLIANCE PI MANAGER	40.00	Highest	$132,765	$0	$132,765
JANET MORSE LEATHEM	REGISTERED NURSING	40.00	Highest	$150,753	$962	$151,715
MICHELLE WALKER	REGISTERED NURSE	40.00	Highest	$152,857	$33,616	$186,473
KAREN ENDERS	DIRECTOR OF HOME CARE	40.00	Highest	$145,030	$948	$145,978

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	$20,488,147	$20,625,848	$24,328,095	$-137,701
2023	$20,887,104	$21,020,315	$24,698,478	$-133,211
2022	$27,214,680	$19,567,175	$24,371,170	$7,647,505
2021	$21,548,024	$18,775,855	$20,802,713	$2,772,169
2020	$21,706,102	$19,539,664	$22,229,224	$2,166,438
2019	$21,002,860	$22,448,029	$20,538,071	$-1,445,169
2018	$25,053,986	$29,191,525	$15,910,053	$-4,137,539