FAIRHOPE HOSPICE & PALLIATIVE CARE INC (EIN 311084518) - 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

1984

Legal Domicile

Principal Officer

KRISTIN GLASURE

Phone

7406547077

Tax Period

2023-01-01 to 2023-12-31

FAIRHOPE HOSPICE & PALLIATIVE CARE INC, founded in 1984, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE A PROGRAM OF PALLIATIVE AND SUPPORTIVE SERVICES FOR THE PHYSICAL, PSYCHOLOGICAL, SOCIAL, SPIRITUAL NEEDS OF THE DYING PERSONS AND THEIR FAMILY, AND FURTHER TO PROVIDE HOSPICE AND PALLIATIVE SERVICES TO INDIVIDUALS WHO QUALIFY FOR SUCH SERVICES.

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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 $231,585

Program Service Revenue $13,610,825

Investment Income $150,180

Other Revenue $361,304

TOTAL REVENUE $14,353,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,741,784

Fundraising Expenses $88,881

Program Expenses $12,336,103

Other Expenses $5,229,826

TOTAL EXPENSES $13,971,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,353,894	$13,362,967	+0.1%
Expenses	$13,971,610	$13,009,150	+0.1%
Net Income	$382,284	$353,817	+0.1%

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

168

Volunteers

116

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

$235,076

Total Directors

$235,076

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M SNIDER ESQ	BOARD PRESIDENT	0.00	Officer Director	$0	$0	$0
BRIAN LONG CPA PFS	BOARD VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
KRISTIN R GLASURE	PRESIDENT AND CEO	40.00	Officer Director	$124,527	$7,193	$131,720
MARJORIE MOORE	TRUSTEE	0.00	Director	$0	$0	$0
LEATHA WHITNEY	ACTING VICE PRESIDENT	40.00	Officer Director	$100,118	$3,238	$103,356
F ERIC SMITH	BOARD TREASURER	0.00	Officer Director	$0	$0	$0
ANDY SPECHT	TRUSTEE	0.00	Director	$0	$0	$0
CHARLIE BARROWS	BOARD SECRETARY	0.00	Officer Director	$0	$0	$0
KRISTY FOSNAUGH	TRUSTEE	0.00	Director	$0	$0	$0
ANUPREET KAUR MD	TRUSTEE	0.00	Director	$0	$0	$0
MARC E W MILLER PHD	TRUSTEE	0.00	Director	$0	$0	$0
JENNIFER SAFFELL CNP	TRUSTEE	0.00	Director	$0	$0	$0
SETH WHITE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
GREGORY C WENTZ ESQ	TRUSTEE	0.00	Director	$0	$0	$0
RACHEL SCHLARB	TRUSTEE	0.00	Director	$0	$0	$0
MATTHEW J SHAW	TRUSTEE	0.00	Director	$0	$0	$0
ALICIA GRILLIOT	CERTIFIED NURSE PRACTITION	40.00	Highest	$116,098	$15,832	$131,930
LEROY B VARNEY	MEDICAL DIRECTOR	40.00	Highest	$145,300	$24,300	$169,600
HEATHER R BROKAW	REGISTERED NURSE	40.00	Highest	$153,999	$0	$153,999
NICOLE M DEMASTRY-KOLIKOHN	CERTIFIED NURSE PRACTITION	40.00	Highest	$100,710	$7,006	$107,716

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	$14,353,894	$13,971,610	$13,734,019	$382,284
2022	$13,362,967	$13,009,150	$13,024,393	$353,817
2021	$14,177,859	$13,023,859	$12,660,357	$1,154,000
2020	$13,971,986	$12,011,657	$12,986,929	$1,960,329
2019	$13,370,436	$12,111,041	$9,821,332	$1,259,395
2018	$10,961,143	$11,145,845	$8,301,980	$-184,702

FAIRHOPE HOSPICE & PALLIATIVE CARE INC