Center for Hospice Care Southeast … - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

Rita Parisi

Phone

8608485699

Tax Period

2019-07-01 to 2020-06-30

Center for Hospice Care Southeast Connecticut Inc, founded in 1986, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2019. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $2.1M, a strong 57% operating margin.

Mission

Provide Health and Supportive Services to terminally ill individuals at their home or in a medical facility in Southeastern Connecticut.

Program Service Accomplishments

Program 1

Expenses: $1,165,147 Revenue: $2,006,944

Hospice Home Care is a program designed to care for terminally ill patients through the use of the Interdisciplinary Team, which includes Nurses, HHA's, MSW's, Medical Director, Clergy, Therapists...

Hospice Home Care is a program designed to care for terminally ill patients through the use of the Interdisciplinary Team, which includes Nurses, HHA's, MSW's, Medical Director, Clergy, Therapists, Pharmacists, Trained Volunteers and Counselors. Care is provided in the person's place of residence, where ever that may be. Bereavement support is provided to the family for up to thirteen months after death.

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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 (2019)

Revenue Breakdown

Contributions & Grants $141,388

Program Service Revenue $2,237,527

Investment Income $1,357,026

Other Revenue $-26,874

TOTAL REVENUE $3,709,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,086,257

Fundraising Expenses $36,106

Program Expenses $1,165,147

Other Expenses $496,724

TOTAL EXPENSES $1,582,981

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,709,067	$4,384,808	-0.2%
Expenses	$1,582,981	$4,633,380	-0.7%
Net Income	$2,126,086	$-248,572	-9.6%

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

N/A

Independent Members

N/A

Employees

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

$4,318,521

Total Directors

$4,198,748

Key Employees

$170,564

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Church	Chair (Thru 6/30/20)	2.00	Officer Director	$0	$73,222	$1,107,750
Charles L Johnson	President (Thru 6/30/20)	2.00	Officer Director	$0	$171,445	$1,287,503
Rocco Orlando MD	Secretary (Thru 6/30/20)	2.00	Officer Director	$0	$99,131	$1,168,242
Rita Parisi	SVP, Community Network (Thru 6/30/20)	2.00	Officer Director	$0	$68,897	$635,253
Arthur Labrie	VP of Finance & Admin. (Thru 6/30/20)	37.50	Officer	$116,863	$2,910	$119,773
Alicia Clendennin	VP Clinical/COO (Thru 6/30/20)	37.50	Key Emp	$114,356	$3,927	$118,283
Dawn McDermott	Primary Care Nurse (Thru 6/30/20)	37.50	Highest	$111,461	$0	$111,461
Susan Sokol	Dir. Hospice Services (Thru 6/30/20)	37.50	Key Emp	$52,281	$0	$52,281

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
2020	$3,709,067	$1,582,981	No data	$2,126,086
2019	$4,384,808	$4,633,380	$11,525,857	$-248,572

Center for Hospice Care Southeast Connecticut Inc