HOSPICE OF MIAMI COUNTY 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

1982

Legal Domicile

Principal Officer

GAIL STOKES

Phone

9372569507

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF MIAMI COUNTY INC, founded in 1982, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE HOSPICE OF MIAMI COUNTY, INC. IS COMMITTED TO MAKING QUALITY HOSPICE CARE AVAILABLE AND ACCESSIBLE TO TERMINALLY ILL PERSONS AND THEIR FAMILIES, REGARDLESS OF ABILITY PAY, AND IN A MANNER CONSISTENT WITH THE HIGHEST HOSPICE STANDARDS. OUR COMMITMENT TO THE HOSPICE PHILOSOPHY OF CARE INCLUDES A COMPASSIONATE STAFF PLEDGED TO CONTINUOUSLY IMPROVE AND ENHANCE THE CARE WE PROVIDE, RESPECT THE PATIENTS' CHOICES OF CARE, RESPOND TO CHANGING COMMUNITY NEEDS, AND SERVE AS A RESOURCE TO OTHERS FOR IMPROVING THE AVAILABILITY OF QUALITY HOSPICE CARE.

Program Service Accomplishments

Program 1

Expenses: $4,454,181 Revenue: $5,262,025

COORDINATES A PROGRAM OF HOME, OUTPATIENT, AND INPATIENT HOSPICE CARE THAT PROVIDES PALLIATIVE CARE, SUPPORTIVE MEDICAL SERVICES, AND OTHER SUPPORT SERVICES TO TERMINALLY ILL PERSONS AND THEIR...

COORDINATES A PROGRAM OF HOME, OUTPATIENT, AND INPATIENT HOSPICE CARE THAT PROVIDES PALLIATIVE CARE, SUPPORTIVE MEDICAL SERVICES, AND OTHER SUPPORT SERVICES TO TERMINALLY ILL PERSONS AND THEIR FAMILIES, REGARDLESS OF ABILITY TO PAY.

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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 $96,154

Program Service Revenue $5,262,025

Investment Income $45,430

Other Revenue $0

TOTAL REVENUE $5,403,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,277,240

Fundraising Expenses $0

Program Expenses $4,454,181

Other Expenses $2,873,005

TOTAL EXPENSES $6,150,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,403,609	$12,111,138	-0.6%
Expenses	$6,150,245	$11,179,506	-0.4%
Net Income	$-746,636	$931,632	-1.8%

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

159

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

$1,097,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE HALEY	CHAIR	2.00	Officer Director	$0	$0	$0
GARY LEROY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GENE THORN	TREASURER	2.00	Officer Director	$0	$0	$0
TONI SPRINKEL	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLES BANE MD	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID REYNOLDS MD	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG HELMAN	BOARD MEMBER - PART YEAR	2.00	Director	$0	$0	$0
KEVIN BLACK	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN HARLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY MORRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY JUSTICE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BOLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM GERBER	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS MANN	BOARD MEMBER	2.00	Director	$0	$0	$0
KENT ANDERSON	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$59,881	$660,534
ROBERT MORRIS	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$53,196	$437,129
HIEP THANH LUU	TEAM PHYSICIAN	40.00	Highest	$269,112	$28,225	$297,337
LORA WILCHER	DIRECTOR OF CARE	40.00	Highest	$136,951	$17,549	$154,500
RUTHIE COPPERSMITH	RN HOSPICE HOUSE/IPU	40.00	Highest	$101,481	$5,074	$106,555
CAREY SHORT	EXECUTIVE DIRECTOR - FORMER	0.00		$0	$40,993	$236,227

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	$5,403,609	$6,150,245	$21,015,844	$-746,636
2023	$12,111,138	$11,179,506	$23,935,884	$931,632
2022	$11,462,516	$11,646,911	$23,307,735	$-184,395
2021	$11,623,604	$10,807,428	$29,220,031	$816,176
2020	$10,817,282	$10,493,039	$26,291,451	$324,243
2019	$9,443,568	$9,552,003	$15,831,304	$-108,435
2018	$9,058,026	$8,744,126	$10,790,904	$313,900