HERITAGE 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

1988

Legal Domicile

Principal Officer

MATT BAKER

Phone

8592362425

Tax Period

2024-07-01 to 2025-06-30

HERITAGE HOSPICE INC, founded in 1988, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2024.

Mission

HERITAGE HOSPICE, INC. PROVIDES CARE AND SUPPORT TO ENHANCE THE QUALITY OF LIFE IN THE FINAL STAGES OF LIVING. SERVICES ARE PROVIDED TO EMPOWER PATIENTS AND FAMILIES TO COPE, NOT ONLY WITH PHYSICAL SYMPTOMS, BUT ALSO WITH EMOTIONAL, SOCIAL, AND SPIRITUAL CONCERNS THAT ACCOMPANY TERMINAL ILLNESS AND ITS AFTERMATH, BEREAVEMENT. SPECIAL EMPHASIS IS ON CONTROLLING THE PATIENT'S PAIN AND DISCOMFORT THROUGH CARE PROVIDED BY AN INTERDISCIPLINARY TEAM OF PROFESSIONALS AND TRAINED VOLUNTEERS.

Program Service Accomplishments

Program 1

Expenses: $6,527,798 Revenue: $7,416,134

HERITAGE HOSPICE IS A NONPROFIT HEALTH CARE ORGANIZATION SERVING TERMINALLY ILL PATIENTS IN BOYLE, GARRARD, LINCOLN, AND MERCER COUNTIES OF KENTUCKY. THE MISSION OF HERITAGE HOSPICE INC. IS TO...

HERITAGE HOSPICE IS A NONPROFIT HEALTH CARE ORGANIZATION SERVING TERMINALLY ILL PATIENTS IN BOYLE, GARRARD, LINCOLN, AND MERCER COUNTIES OF KENTUCKY. THE MISSION OF HERITAGE HOSPICE INC. IS TO ENHANCE LIFE BY EMPOWERING PATIENTS AND FAMILIES TO BETTER COPE WITH PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL STAGES OF LIFE. THIS CARE IS PROVIDED BY AN INTERDISCIPLINARY TEAM OF PROFESSIONALS AND TRAINED VOLUNTEERS. DURING FISCAL YEAR 2025, HERITAGE HOSPICE, INC. SERVED 621 PATIENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $78,447

Program Service Revenue $7,416,134

Investment Income $29,184

Other Revenue $29,994

TOTAL REVENUE $7,553,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,295,327

Fundraising Expenses $25,049

Program Expenses $6,527,798

Other Expenses $3,279,556

TOTAL EXPENSES $7,574,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,553,759	$7,116,056	+0.1%
Expenses	$7,574,883	$7,485,950	+0.0%
Net Income	$-21,124	$-369,894	-0.9%

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

$195,166

Total Directors

Key Employees

$207,610

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DENNEY	CHAIR	2.00	Officer Director	$0	$0	$0
DONNA POWELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
REBECCA LYNN	TREASURER	2.00	Officer Director	$0	$0	$0
PATTI CHIDESTER	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD BETACK	DIRECTOR	1.00	Director	$0	$0	$0
KIM DUNN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
EMANUEL GRAY	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY D METKER	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA RUEHS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CLINE	DIRECTOR	1.00	Director	$0	$0	$0
SHELIA PADGETT	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE ROGERS	EXECUTIVE DIRECTOR	40.00	Officer	$169,745	$25,421	$195,166
REBECCA CHATHAM	MEDICAL DIRECTOR	40.00	Key Emp	$183,730	$23,880	$207,610
ANITA WHITAKER	APRN	40.00	Highest	$100,079	$7,395	$107,474
CHRISTINA CUMMINS	DIRECTOR OF CLINICAL SERVI	40.00	Highest	$105,004	$24,645	$129,649

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	$7,553,759	$7,574,883	$4,400,155	$-21,124
2024	$7,116,056	$7,485,950	$4,151,022	$-369,894
2023	$6,636,504	$7,419,911	$4,487,644	$-783,407
2022	$6,874,506	$7,150,497	$5,232,384	$-275,991
2021	$7,443,111	$6,783,841	$5,624,979	$659,270
2020	$6,670,550	$6,619,182	$5,932,162	$51,368
2019	$5,843,963	$5,787,019	$5,319,423	$56,944