Agrace HospiceCare Holdings 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

2001

Legal Domicile

Phone

6082764660

Tax Period

2023-01-01 to 2023-12-31

Agrace HospiceCare Holdings Inc, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Net assets of $25.5M represent 108 months of operating reserves.

Mission

Holdings' mission is " Providing personalized care and support, where and when you need it, for life's changing health needs." Holdings is operated exclusively for the support and benefit of Agrace HospiceCare, a related tax-exempt organization. In carrying out its mission, Agrace Holdings invests in, receives, holds, uses and disposes of all property, real or personal, as may be necessary or desirable to support the operations of Agrace HospiceCare, Inc. and, because the buildings were funded entirely by gifts from the community, Agrace Holdings has a responsibility to keep them in their original state for the use of patients and families in perpetuity.

Program Service Accomplishments

Program 1

Expenses: $2,056,372 Revenue: $2,816,528

PROVISION OF CAPITAL ASSETS: AGRACE HOLDINGS SUPPORTS AGRACE HOSPICECARE BY PROVIDING THE STRATEGIC AND OPERATIONAL CAPITAL ASSETS NECESSARY FOR AGRACE TO BEST SERVE PATIENTS AND THEIR FAMILIES NOW AND INTO THE FUTURE. THE LARGEST CAPITAL ASSETS OF AGRACE HOLDINGS ARE THE BUILDINGS. THE ELLEN & PETER JOHNSON HOSPICECARE RESIDENCE, THE DON & MARILYN ANDERSON HOSPICECARE CENTER, AND AGRACE CENTER FOR HOSPICE & PALLIATIVE CARE JANESVILLE CAMPUS WERE GENEROUS GIFTS FUNDED ENTIRELY BY THE COMMUNITY. AGRACE HOLDINGS HAS A RESPONSIBILITY TO KEEP THESE BUILDINGS IN THEIR ORIGINAL STATE FOR THE USE OF PATIENTS AND FAMILIES IN PERPETUITY. MAJOR CAPITAL PROJECTS IN 2023 INCLUDED COMPUTER EQUIPMENT, AND BUILDING IMPROVEMENTS RELATED TO IMPROVING SAFETY, IMPROVING QUALITY OF CARE, REDUCING RISK AND AIDING IN RECOVERY OF CRITICAL SYSTEMS. Several holdings activities took place in 2023 related to Agrace's Carbon Neutral initiative. Retrocommissioning activities were completed, the Home Medical Equipment (HME) Service got its first 100% electric van and Janesville solar installation was completed. Madison solar pre-installation activities took place as well.

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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 $925

Program Service Revenue $2,816,528

Investment Income $30,372

Other Revenue $0

TOTAL REVENUE $2,847,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,056,372

Other Expenses $2,835,632

TOTAL EXPENSES $2,835,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,847,825	$2,737,964	+0.0%
Expenses	$2,835,632	$3,707,599	-0.2%
Net Income	$12,193	$-969,635	-1.0%

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

N/A

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

$1,258,451

Total Directors

$836,378

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Past Chair - Beginning 4/2023; Chair - Until 3/2023	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair - Beginning 4/2023; Treasurer - Until 3/2023	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair - Until 3/2023 / Director	1.0	Officer Director	$0	$0	$0
N/A	Treasurer - Beginning 4/2023	1.0	Officer Director	$0	$0	$0
N/A	Chair - Beginning 4/2023; Secretary - 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	Secretary - Beginning 4/2023	1.0	Officer 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 - Until 4/2023	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	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	$2,847,825	$2,835,632	$26,097,369	$12,193
2022	$2,737,964	$3,707,599	$26,123,509	$-969,635
2021	$2,717,349	$3,714,254	$26,931,988	$-996,905
2020	$2,716,042	$2,957,539	$28,583,299	$-241,497
2019	$2,552,952	$3,214,769	$28,321,406	$-661,817
2018	$2,665,139	$4,797,965	$29,597,201	$-2,132,826