PREFERRED HOSPICE 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

2004

Legal Domicile

Principal Officer

RICHARD SMITH

Phone

2769639577

Tax Period

2025-01-01 to 2025-12-31

PREFERRED HOSPICE INC, founded in 2004, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOSPICE, END OF LIFE CARE MANAGEMENT, TO INDIVIDUALS IN THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,993,597 Revenue: $3,050,176

PROVIDING HOSPICE AND END OF LIFE CARE MANAGEMENT TO INDIVIDUALS IN THE LOCAL COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $17,066

Program Service Revenue $2,972,276

Investment Income $37,608

Other Revenue $78,827

TOTAL REVENUE $3,105,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,165,674

Fundraising Expenses $0

Program Expenses $2,993,597

Other Expenses $1,061,972

TOTAL EXPENSES $3,227,646

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,105,777	$2,764,829	+0.1%
Expenses	$3,227,646	$2,763,510	+0.2%
Net Income	$-121,869	$1,319	-93.4%

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

$123,176

Total Directors

$150,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SMITH	PRESIDENT	0.30	Director	$0	$0	$0
TAMMIE VENCILL	SECRETARY	40.00	Officer Director	$111,095	$12,081	$123,176
PETER MULKEY	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
KAREN WEBB	BOARD MEMBER	0.30	Director	$0	$0	$0
MARY ANN STRONG	TREASURER	0.30	Officer Director	$0	$0	$0
SCOTT BUTCHER	BOARD MEMBER	0.30	Director	$0	$0	$0
CORTNEY FARMER	MEDICAL DIRECTOR	0.30	Director	$27,400	$0	$27,400
LORI STACY	BOARD MEMBER	0.30	Director	$0	$0	$0
LISA SIMMONS	BOARD MEMBER	0.30	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
2025	$3,105,777	$3,227,646	$2,066,663	$-121,869
2024	No data	No data	No data	No data
2023	$2,101,611	$2,743,675	$2,058,101	$-642,064
2022	$1,948,250	$2,343,784	$2,566,547	$-395,534
2021	$2,369,020	$2,342,073	$3,040,383	$26,947
2020	$3,154,508	$2,320,466	$2,959,758	$834,042
2019	$2,617,499	$2,337,704	$2,106,379	$279,795
2018	$2,579,050	$2,145,626	$1,853,709	$433,424