Hudson Valley 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

1982

Legal Domicile

Principal Officer

Michael S Kaminski

Phone

8454732273

Tax Period

2023-01-01 to 2023-12-31

Hudson Valley Hospice Inc, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $46.7M in total revenue in fiscal year 2023. Expenses of $42.5M left a modest 9% surplus.

Mission

At Hudson Valley Hospice, our mission is to serve the people of Dutchess and Ulster Counties by enhancing the quality of living for those at the end of life. We are a private, not-for-profit health-care agency dedicated to helping individuals who are near the end of life maintain their dignity and enhance the quality of life. Not only do we care for the patient, but we also care for the family. By providing physical, spiritual and emotional support, our professional and volunteer staff will help family members through this challenging time.

Program Service Accomplishments

Program 1

Expenses: $36,430,359 Revenue: $44,805,360

Hudson Valley Hospice, Inc. provided services to 2,612 terminally ill patients in 2023. Services were coordinated through a team of professionals, which includes nurses, social workers, physicians...

Hudson Valley Hospice, Inc. provided services to 2,612 terminally ill patients in 2023. Services were coordinated through a team of professionals, which includes nurses, social workers, physicians, pastoral care, volunteers, and related therapists. Care is provided in individual homes, it's Hospice House, nursing homes, and hospitals.

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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 $1,257,953

Program Service Revenue $44,805,360

Investment Income $603,494

Other Revenue $0

TOTAL REVENUE $46,666,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,157,738

Fundraising Expenses $0

Program Expenses $36,430,359

Other Expenses $12,351,314

TOTAL EXPENSES $42,509,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,666,807	$43,721,051	+0.1%
Expenses	$42,509,052	$36,563,424	+0.2%
Net Income	$4,157,755	$7,157,627	-0.4%

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

431

Volunteers

165

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

$642,613

Total Directors

Key Employees

$185,912

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Helen Rinaudo	Chairperson Of Hudson Valley Hospice, Inc.	1.00	Officer Director	$0	$0	$0
Jeffrey Feldman Esq	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Stephen Lichtenberg MD	Second Vice Chairperson	1.00	Officer Director	$0	$0	$0
Todd Baright	Secretary	1.00	Officer Director	$0	$0	$0
Ellen Griffin	Treasurer	1.00	Officer Director	$0	$0	$0
Frederick Shequine	Assistant Secretary	1.00	Officer Director	$0	$0	$0
David Wise Esq	Asst. Treasurer	1.00	Officer Director	$0	$0	$0
Susan Bisceglia Esq	Member	1.00	Director	$0	$0	$0
Rev Cameron Hardy	Member	1.00	Director	$0	$0	$0
John Keene MD	Member	1.00	Director	$0	$0	$0
Mark Malone	Chair of The Foundation/Member	1.00	Director	$0	$0	$0
Lee Miringoff PhD	Member	1.00	Director	$0	$0	$0
Rev Paul Lent	Past Member	1.00	Director	$0	$0	$0
Michael Deyo	Past Member	1.00	Director	$0	$0	$0
Michael Kaminski	President/CEO	36.00	Officer	$348,308	$31,354	$379,662
William Mulvey	VP Finance/CFO	36.00	Officer	$161,749	$0	$161,749
Teresa Holstein	Senior VP/COO	40.00	Officer	$97,838	$3,364	$101,202
Pricilla Kraut	VP Patient Access	40.00	Key Emp	$159,472	$26,440	$185,912
Allison Greene	Nurse Practioner	40.00	Highest	$238,281	$15,547	$253,828
Steven Jacobs	Medical Director	40.00	Highest	$214,108	$12,047	$226,155
Lisa Sager	Medical Director	40.00	Highest	$180,699	$20,629	$201,328
Lauren Lundy	Nurse Practioner	40.00	Highest	$175,985	$14,786	$190,771
Theresa Jennings	Director of Therapeutic Services	40.00	Highest	$147,152	$44,934	$192,086

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$46,666,807	$42,509,052	$40,270,456	$4,157,755
2022	$43,721,051	$36,563,424	$36,342,564	$7,157,627
2021	$35,557,404	$27,638,087	$27,151,093	$7,919,317
2020	$24,085,877	$21,746,271	$19,805,539	$2,339,606
2019	$19,025,198	$18,191,382	$10,688,704	$833,816
2018	$17,840,785	$17,552,975	$8,925,839	$287,810