LifePath Hospice Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Phone

8138718111

Tax Period

2023-01-01 to 2023-12-31

LifePath Hospice Inc, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $80.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Lifepath Hospice, Inc. provides hospice services that relieve the suffering of persons residing in its communities affected by life-limiting illnesses and end-of-life issues so all may live as fully and comfortably as possible.

Program Service Accomplishments

Program 1

Expenses: $62,439,880 Revenue: $79,391,232

The organization provides a full range of medical and supportive services to individuals and their families facing a crisis of terminal illness. these services include, but are not limited to...

The organization provides a full range of medical and supportive services to individuals and their families facing a crisis of terminal illness. these services include, but are not limited to customized treatment programs, comfort and pain management, regularly scheduled visits from nurses who specialize in the recognition and treatment of pain, 24/7 on call services, counseling for family members, and children's bereavement program. Care services are provided at home, in assisted living and nursing home environments, or in hospice care centers. In 2023, Lifepath Hospice served 7,486 patients in its communities and maintains 70.3% market share in the counties it serves. The company has 307 trained volunteers whose donated time is valued at $442,362. Lifepath provided $2.459M in charity care in 2023.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,182,492

Program Service Revenue $79,391,232

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,573,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,976,102

Fundraising Expenses $0

Program Expenses $62,439,880

Other Expenses $27,764,081

TOTAL EXPENSES $80,740,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,573,724	$73,709,271	+0.1%
Expenses	$80,740,183	$86,230,275	-0.1%
Net Income	$-166,459	$-12,521,004	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

482

Volunteers

315

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

$8,740,291

Total Directors

$4,523,624

Key Employees

$242,097

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT/CEO/CHAIR	2.0	Officer Director	$0	$969,172	$2,545,351
N/A	VICE CHAIR	2.0	Officer Director	$0	$0	$0
N/A	Chief Operating Officer	2.0	Officer Director	$0	$191,283	$660,960
N/A	Chief Medical Officer	2.0	Officer Director	$0	$212,195	$733,645
N/A	CHIEF FINANCIAL OFFICER	2.0	Officer Director	$0	$184,162	$583,668
N/A	Secretary	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER (through 8/2023)	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER (through 9/2023)	2.0	Director	$0	$0	$0
N/A	Chief Administrative Officer (through 6/2023)	2.0	Officer	$0	$49,262	$626,226
N/A	Financial Advisor to the CEO (through 3/2023)	2.0	Officer	$0	$159,431	$654,488
N/A	Chief Medical Officer - Hospice	2.0	Officer	$0	$99,926	$455,686
N/A	Chief People Officer	2.0	Officer	$0	$163,885	$602,958
N/A	Chief Business Development Officer	2.0	Officer	$0	$239,538	$920,302
N/A	Chief Information Officer	2.0	Officer	$0	$143,212	$550,759
N/A	Chief Compliance Officer	2.0	Officer	$0	$120,968	$406,248
N/A	EXECUTIVE DIRECTOR	40.0	Key Emp	$172,354	$69,743	$242,097
N/A	Staff Physician	40.0	Highest	$320,178	$9,482	$329,660
N/A	Staff Physician	40.0	Highest	$315,963	$52,498	$368,461
N/A	Medical Director	40.0	Highest	$308,233	$85,567	$393,800
N/A	Staff Physician	40.0	Highest	$252,111	$43,765	$295,876
N/A	Staff Physician	40.0	Highest	$257,494	$38,768	$296,262
N/A	Former Chief Operating Officer	0.0		$0	$238	$340,095

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	$80,573,724	$80,740,183	$33,559,097	$-166,459
2022	$73,709,271	$86,230,275	$28,923,204	$-12,521,004
2021	$78,257,695	$77,181,676	$26,713,137	$1,076,019
2020	$81,938,559	$78,422,820	$25,689,992	$3,515,739
2019	$78,301,631	$82,927,353	$24,528,423	$-4,625,722
2018	$88,013,078	$86,063,215	$34,920,351	$1,949,863