Agrace HospiceCare Foundation Inc (EIN 300001703) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Phone

6082764660

Tax Period

2023-01-01 to 2023-12-31

Agrace HospiceCare Foundation Inc, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $16.8M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.0M, a strong 71% operating margin.

Mission

THE AGRACE HOSPICECARE FOUNDATION, INC.'S MISSION IS TO DEVELOP, STEWARD AND DISTRIBUTE CHARITABLE GIFTS FROM THE COMMUNITY (CONTINUED ON SCHEDULE O)

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,661,289

Program Service Revenue $0

Investment Income $6,726,476

Other Revenue $412,724

TOTAL REVENUE $16,800,489

Expense Breakdown

Grants Paid $3,331,204

Salaries & Benefits $1,134,037

Fundraising Expenses $512,279

Program Expenses $3,331,204

Other Expenses $354,871

TOTAL EXPENSES $4,820,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,800,489	$9,558,640	+0.8%
Expenses	$4,820,112	$7,006,210	-0.3%
Net Income	$11,980,377	$2,552,430	+3.7%

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

282

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

$1,258,451

Total Directors

$836,378

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary - Until 3/2023	1.0	Officer Director	$0	$0	$0
N/A	Treasurer - Until 3/2023	1.0	Officer Director	$0	$0	$0
N/A	Chair - Until 3/2023	1.0	Officer Director	$0	$0	$0
N/A	President / CEO	5.0	Officer Director	$0	$54,538	$836,378
N/A	Chair - Beginning 4/2023; Vice Chair - Until 3/2023	1.0	Officer Director	$0	$0	$0
N/A	Secretary & Treasurer - Beginning 4/2023	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair - Beginning 4/2023	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director - Beginning 4/2023	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director - Beginning 4/2023	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Executive VP and Chief Financial Officer	5.0	Officer	$0	$40,671	$422,073

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	$16,800,489	$4,820,112	$95,928,631	$11,980,377
2022	$9,558,640	$7,006,210	$79,806,015	$2,552,430
2021	$22,547,933	$4,919,228	$87,425,095	$17,628,705
2020	$11,612,680	$4,366,549	$67,778,782	$7,246,131
2019	$11,675,563	$5,539,341	$55,562,966	$6,136,222
2018	$13,538,172	$5,037,655	$43,391,744	$8,500,517

Agrace HospiceCare Foundation Inc