HOSPICE OF EAST TEXAS FOUNDATION

EIN: 205194874 501(c)(3) Health Care

TYLER, TX

Total Revenue
$1,691,206
Total Expenses
$2,666,413
Total Assets
$16,617,391
Net Assets
$16,607,280
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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
2006
Legal Domicile
TX
Principal Officer
BETSY BRUSH
Phone
9032663400
Tax Period
2023-01-01 to 2023-12-31

HOSPICE OF EAST TEXAS FOUNDATION, founded in 2006, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 58% operating deficit.

Mission

HOSPICE OF EAST TEXAS FOUNDATION OPERATES FOR THE BENEFIT OF HOSPICE OF EAST TEXAS, A TEXAS NON-PROFIT CORPORATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $807,894
Program Service Revenue $0
Investment Income $874,447
Other Revenue $8,865
TOTAL REVENUE $1,691,206

Expense Breakdown

Grants Paid $2,100,000
Salaries & Benefits $408,213
Fundraising Expenses $292,542
Program Expenses $2,100,000
Other Expenses $158,200
TOTAL EXPENSES $2,666,413

Year-over-Year Comparison

2023 2022 Change
Revenue $1,691,206 $1,616,931 +0.0%
Expenses $2,666,413 $1,300,230 +1.1%
Net Income $-975,207 $316,701 -4.1%
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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Governance

Voting Members
18
Independent Members
18
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
6
$118,338
Total Directors
22
$407,341
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARJI REAM EX OFFICIO 0.00
Director
$0 $57,703 $289,003
BETSY BRUSH VP OF PHILANTH. 0.00
Officer Director
$0 $36,575 $118,338
RANDY CHILDRESS Secretary 0.00
Officer Director
$0 $0 $0
BOB BONDURANT Director 0.00
Director
$0 $0 $0
ANDREW ADAMS Treasurer 0.00
Officer Director
$0 $0 $0
LINDSEY BRADLEY Director 0.00
Director
$0 $0 $0
MIKE COKER Director 0.00
Director
$0 $0 $0
KIM BECKHAM Director 0.00
Director
$0 $0 $0
DEBORAH RACE Director 0.00
Director
$0 $0 $0
NATALIE LYNCH Director 0.00
Director
$0 $0 $0
JIM MAZZU Director 0.00
Director
$0 $0 $0
KRIS GUSA Chair-Elect 0.00
Officer Director
$0 $0 $0
GARNETT BROOKSHIRE Director 0.00
Director
$0 $0 $0
EDDIE HOWARD Chairman 0.00
Officer Director
$0 $0 $0
TOM BROWN Director 0.00
Director
$0 $0 $0
JEB JONES Director 0.00
Director
$0 $0 $0
PEGGY SMITH Director 0.00
Director
$0 $0 $0
TED WALTERS Director 0.00
Director
$0 $0 $0
SHARON HOWELL Past Chair 0.00
Officer Director
$0 $0 $0
JOE WOELKERS Director 0.00
Director
$0 $0 $0
RICK ALLEN EX OFFICIO 0.00
Director
$0 $0 $0
RICK JETT EX OFFICIO 0.00
Director
$0 $0 $0
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 $1,691,206 $2,666,413 $16,617,391 $-975,207
2022 $1,616,931 $1,300,230 $16,748,035 $316,701
2021 $5,930,165 $517,954 $20,096,154 $5,412,211
2020 $1,341,569 $436,361 $16,168,550 $905,208
2019 $2,092,715 $416,860 $15,074,508 $1,675,855
2018 $1,732,390 $416,712 $12,597,464 $1,315,678
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