Hudson Hospice Volunteers 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

1980

Legal Domicile

Principal Officer

Alice McCoy OP

Phone

2014336225

Tax Period

2020-07-01 to 2021-06-30

Hudson Hospice Volunteers Inc, founded in 1980, is a micro nonprofit that reported $71K in total revenue in fiscal year 2020. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $495K exceeded revenue, resulting in a 600% operating deficit.

Mission

The corporation was founded as a charitable tax exempt organization for the purpose of providing hospice care to terminally ill patients.

Program Service Accomplishments

Program 1

Expenses: $63,958

Payments to home health aides for the care of terminally ill patients: $63,958Donated Services: $64,111, Sister Alice McCoy OP, Executive Director. Donated Use of Facilities: $52,332, use of office space in a building located at 93 Clerk Street, Jersey City, NJ, owned by Our Lady of Sorrows Church

Program 2

Expenses: $128,519

Administered patient care, bereavement counseling and home aide for approximately 22 patients

Program 3

Expenses: $119,879

Distribution of the Organization's remaining assets to St. Catherine of Sienna, Inc., Caldwell, New Jersey

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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 (2020)

Revenue Breakdown

Contributions & Grants $69,726

Program Service Revenue $0

Investment Income $1,013

Other Revenue $0

TOTAL REVENUE $70,739

Expense Breakdown

Grants Paid $119,879

Salaries & Benefits $269,237

Fundraising Expenses $0

Program Expenses $329,039

Other Expenses $106,382

TOTAL EXPENSES $495,498

Year-over-Year Comparison

	2020	2019	Change
Revenue	$70,739	$297,335	-0.8%
Expenses	$495,498	$312,758	+0.6%
Net Income	$-424,759	$-15,423	+26.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marie Bahr	Trustee	0.00	Officer	$0	$0	$0
Honorable Mary K Costello	Trustee	0.00	Officer	$0	$0	$0
Ana Cravo	Trustee	0.00	Officer	$0	$0	$0
Maureen Connors	Trustee	0.00	Officer	$0	$0	$0
Marianne Costello	Vice President	1.00	Officer	$0	$0	$0
Richard Errico	Trustee	0.00	Officer	$0	$0	$0
Carmel Galasso	President	1.00	Officer	$0	$0	$0
Mary Ellen Lissenden	Trustee	0.00	Officer	$0	$0	$0
Diane Lynch	Treasurer	1.00	Officer	$0	$0	$0
Gail Godesky	Trustee	0.00	Officer	$0	$0	$0
Toni Ann Turco Lopez	Trustee	0.00	Officer	$0	$0	$0
Kathleen Mazzouccolo	Trustee	0.00	Officer	$0	$0	$0
Joseph Napolitano Sr	Trustee	0.00	Officer	$0	$0	$0
Michael Ricciardone	Trustee	0.00	Officer	$0	$0	$0
Rosemary Walker	Trustee	0.00	Officer	$0	$0	$0
Frank Parzel	Secretary	1.00	Officer	$0	$0	$0
Teresa Saltarella	Trustee	0.00	Officer	$0	$0	$0
Carol Weir	Trustee	0.00	Officer	$0	$0	$0
Nicholas J Grillo	Trustee	0.00	Officer	$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
2021	$70,739	$495,498	No data	$-424,759