HOSPICE CARE IN WESTCHESTER AND PUTNAM INC (EIN 133882602) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

Michael J Dowling

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

HOSPICE CARE IN WESTCHESTER AND PUTNAM INC, founded in 1996, is a micro nonprofit in the Health Care sector that reported $13K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

HOSPICE CARE IN WESTCHESTER AND PUTNAM'S MISSION IS TO PROVIDE HOSPICE SERVICES BY OPERATING A LICENSED AND CERTIFIED HOSPICE PROGRAM OF PALLIATIVE AND SUPPORTIVE SERVICES.

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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 $12,915

Program Service Revenue $0

Investment Income $0

Other Revenue $93

TOTAL REVENUE $13,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,008	$8,758,902	-1.0%
Expenses	N/A	$8,419,900	-1.0%
Net Income	N/A	$339,002	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$17,091,610

Total Directors

$8,049,066

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	CEO	Officer	$0	$70,612	$9,042,544
MARK SOLAZZO	Chairman	Officer Director	$0	$63,855	$3,710,066
MICHELE CUSACK	CFO & Treasurer	Officer Director	$0	$78,507	$1,696,458
LAURENCE KRAEMER	Secretary	Officer Director	$0	$69,888	$1,372,753
MERRYL SIEGEL	Vice Chairman	Officer Director	$0	$67,969	$1,269,789

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	No data	No data	No data	No data
2023	$13,008	No data	$15,669,087	No data
2022	$8,758,902	$8,419,900	$17,050,591	$339,002
2021	$10,318,101	$8,236,541	$18,429,450	$2,081,560
2020	$12,814,760	$9,538,326	$18,215,338	$3,276,434
2019	$11,585,514	$10,390,329	$12,383,790	$1,195,185
2018	$9,093,059	$8,014,784	$11,751,230	$1,078,275

HOSPICE CARE IN WESTCHESTER AND PUTNAM INC