CHARITY 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

DAVID MOSTI

Phone

7402642280

Tax Period

2020-01-01 to 2020-12-31

CHARITY HOSPICE INC, founded in 2004, is a small nonprofit that reported $931K in total revenue in fiscal year 2020. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE HOSPICE SERVICES TO THE TERMINALLY ILL & FAMILIES

Program Service Accomplishments

Program 1

Expenses: $782,911 Revenue: $680,668

CHARITY HOSPICE IS A NON-PROFIT HOSPICE AND PALLIATIVE CARE PROGRAM SERVING PATIENTS IN THEIR OWN HOMES, NURSING HOMES, PERSONAL CARE HOMES OR ASSISTED LIVING FACILITIES. WE PROVIDE INPATIENT CARE AS...

Program 2

Expenses: $578

CHARITY HOSPICE FOLLOWS THE BEREAVED FOR 13 MONTHS AFTER THE PATIENTS DEATH, VIA PHONE CALLS, MAILINGS AND PERSONAL VISITS. WE ALSO PROVIDE COMMUNITY OUTREACH FOR FUNERAL HOMES, SPONSOR LUNCHEONS AND...

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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 (2020)

Revenue Breakdown

Contributions & Grants $243,046

Program Service Revenue $680,668

Investment Income $4,340

Other Revenue $2,475

TOTAL REVENUE $930,529

Expense Breakdown

Grants Paid $174,215

Salaries & Benefits $724,741

Fundraising Expenses $21

Program Expenses $783,489

Other Expenses $182,801

TOTAL EXPENSES $1,081,757

Year-over-Year Comparison

	2020	2019	Change
Revenue	$930,529	$911,718	+0.0%
Expenses	$1,081,757	$954,113	+0.1%
Net Income	$-151,228	$-42,395	+2.6%

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

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG ALLEN	TRUSTEE	N/A	Director	$0	$0	$0
JERRY JO GILHAM	TRUSTEE	N/A	Director	$0	$0	$0
JOSEPH LUCKINO	TRUSTEE	N/A	Director	$0	$0	$0
MARY MIHALYO	TRUSTEE	N/A	Director	$0	$0	$0
DAVID MOSTI	TRUSTEE - PR	N/A	Officer Director	$0	$0	$0
TOM OSSIO	TRUSTEE	N/A	Director	$0	$0	$0
ADAM SCURTI	TRUSTEE	N/A	Director	$0	$0	$0
DONNA TALBOTT	TRUSTEE	N/A	Director	$0	$0	$0
DAVID WERKIN	TRUSTEE	N/A	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
2020	$930,529	$1,081,757	$1,159,812	$-151,228
2019	$911,718	$954,113	$1,315,429	$-42,395
2018	$1,315,204	$1,112,401	$1,414,016	$202,803