HOSPICE SERVICES 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

1983

Legal Domicile

Principal Officer

JEFFREY CARRAWAY

Phone

7242826806

Tax Period

2022-07-01 to 2023-06-30

HOSPICE SERVICES INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

WHEN FACING A HEALTH CHALLENGE, EVERYONE WILL HAVE ACCESS TO THE APPROPRIATE CARE TO MEET THEIR PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS PROVIDING ABUNDANT LIFE AND ENABLING THEM TO REMAIN INDEPENDENT IN THE SETTING WHERE THEY ARE MOST COMFORTABLE.

Program Service Accomplishments

Program 1

Expenses: $2,515,176 Revenue: $4,569,346

CERTIFIED HOSPICE BENEFIT HOSPICE SERVICES ARE PRIMARILY FUNDED BY THE MEDICARE HOSPICE BENEFIT AND PRIVATE INSURANCES THAT ALSO OFFER THE HOSPICE BENEFIT. HOSPICE CARE INCLUDES FOUR LEVELS OF...

CERTIFIED HOSPICE BENEFIT HOSPICE SERVICES ARE PRIMARILY FUNDED BY THE MEDICARE HOSPICE BENEFIT AND PRIVATE INSURANCES THAT ALSO OFFER THE HOSPICE BENEFIT. HOSPICE CARE INCLUDES FOUR LEVELS OF HOSPICE CARE INCLUDING ROUTINE HOSPICE, RESPITE CARE, GENERAL INPATIENT HOSPICE, AND CONTINUOUS CARE HOSPICE SERVICES. SERVICES INCLUDED WITH HOSPICE CARE FOR PATIENTS WHO ARE TERMINALLY ILL REQUIRING MEDICAL AND TREATMENT CARE INCLUDE SKILLED NURSING, THERAPY, HOME HEALTH AIDE, SOCIAL WORK, SPIRITUAL, AND VOLUNTEER SERVICES. A TOTAL OF 313 NEW HOSPICE PATIENTS WERE ADMITTED INTO THE VNA HOSPICE PROGRAM DURING FY23 FOR A TOTAL OF 22,163 HOSPICE DAYS AND 12,715 VISITS PROVIDED FOR 12 MONTHS ENDING JUNE 30, 2023.PALLIATIVE CARE SERVICES SPECIALIZED CERTIFIED HOME HEALTH CARE FUNDED BY MEDICARE, AND VARIOUS PRIVATE INSURANCE CONTRACTS. SERVICES PROVIDED FOR PALLIATIVE CARE PATIENTS REQUIRE ADVANCED CARE SERVICES INCLUDING SKILLED NURSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, SOCIAL WORK, AND HOME HEALTH AIDE SERVICES. THESE SERVICES ARE OFFERED TO PATIENTS THAT ARE DIAGNOSED WITH AN ADVANCED ILLNESS IN ORDER TO PROVIDE QUALITY OF LIFE WHILE UNDERGOING THEIR TREATMENT PLAN OF CARE. A TOTAL OF 354 PATIENTS WERE ADMITTED INTO THE VNA PALLIATIVE CARE PROGRAM AND 6,636 VISITS COMPLETED DURING FY23 ENDING JUNE 30, 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,298

Program Service Revenue $4,565,171

Investment Income $122

Other Revenue $-24,788

TOTAL REVENUE $4,555,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,507,531

Fundraising Expenses $0

Program Expenses $2,515,176

Other Expenses $2,536,786

TOTAL EXPENSES $5,044,317

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,555,803	$5,188,186	-0.1%
Expenses	$5,044,317	$4,976,731	+0.0%
Net Income	$-488,514	$211,455	-3.3%

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

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

$674,427

Total Directors

$175,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLIE HIBBS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LARRY SOMMERS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE GERACI	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH GRIBIK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SAMANTHA RAPUK	DIRECTOR	1.00	Director	$0	$26,802	$175,821
LINDA STRACHAN	DIRECTOR	1.00	Director	$0	$0	$0
CECE BUECHELE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J FENOGLIETTO	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$39,302	$418,740
JEFFREY L CARRAWAY	CFO	1.00	Officer	$0	$32,825	$255,687
CRISTEN KREBS	CRNP - NURSE	40.00	Highest	$114,795	$13,946	$128,741

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,555,803	$5,044,317	$815,689	$-488,514
2022	$5,188,186	$4,976,731	$1,024,688	$211,455
2021	$4,951,508	$4,806,357	$852,012	$145,151
2020	$5,426,006	$5,008,627	$1,023,875	$417,379
2019	$5,498,637	$6,165,492	$1,296,508	$-666,855
2018	$5,756,009	$6,618,077	$1,311,546	$-862,068