HOSPICARE FOUNDATION INC (EIN 161426759) - 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

1992

Legal Domicile

Principal Officer

JOE SAMMONS

Phone

6072720212

Tax Period

2024-01-01 to 2024-12-31

HOSPICARE FOUNDATION INC, founded in 1992, is a micro nonprofit in the Health Care sector that reported $88K in total revenue in fiscal year 2024. Revenue surged 605% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 43% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND MANAGEMENT OF ENDOWMENT AND INVESTMENT FUNDS FOR THE BENEFIT OF HOSPICARE & PALLIATIVE CARE SERVICES OF TOMPKINS COUNTY, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,980

Program Service Revenue $9,600

Investment Income $43,202

Other Revenue $4,652

TOTAL REVENUE $88,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,981

Other Expenses $50,218

TOTAL EXPENSES $50,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,434	$12,547	+6.0%
Expenses	$50,218	$91,473	-0.5%
Net Income	$38,216	$-78,926	-1.5%

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

N/A

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

$187,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK GUTTMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
NINA MILLER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
LOREN GARDNER	CHAIR	0.50	Officer Director	$0	$0	$0
BETSY EAST	TRUSTEE	0.50	Officer Director	$0	$0	$0
BONNI VOILAND	TRUSTEE	0.50	Director	$0	$0	$0
JERRY DIETZ	TRUSTEE	0.50	Director	$0	$0	$0
JOE SAMMONS	EXECUTIVE DIRECTOR	0.50	Officer	$0	$29,144	$187,327

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	$88,434	$50,218	$2,440,648	$38,216
2023	$12,547	$91,473	$2,355,124	$-78,926
2022	$275,660	$239,673	$2,326,149	$35,987
2021	$364,331	$59,461	$2,787,416	$304,870
2020	$71,666	$223,226	$2,362,873	$-151,560
2019	$92,402	$266,237	$2,358,642	$-173,835
2018	$225,214	$104,978	$2,434,393	$120,236

HOSPICARE FOUNDATION INC