HOSPICE OF LAKE CUMBERLAND INC (EIN 311118731) - 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

EURETHA GODBY

Phone

6066794389

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF LAKE CUMBERLAND INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $10.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $10.4M left a modest 3% surplus.

Mission

HOSPICE OF LAKE CUMBERLAND OFFERS COMPASSIONATE CARE TO PATIENTS AND FAMILIES STRUGGLING TO COPE WITH LIFE-THREATENING ILLNESS.

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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 $144,557

Program Service Revenue $10,369,843

Investment Income $247,176

Other Revenue $4,418

TOTAL REVENUE $10,765,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,440,338

Fundraising Expenses $0

Program Expenses $8,260,545

Other Expenses $3,957,877

TOTAL EXPENSES $10,398,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,765,994	$9,091,679	+0.2%
Expenses	$10,398,215	$10,179,311	+0.0%
Net Income	$367,779	$-1,087,632	-1.3%

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

110

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

$393,277

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYDIA TERRY	SECRETARY	4.00	Officer Director	$0	$0	$0
DERRICK TERRY	VICE PRESIDENT	4.00	Director	$0	$0	$0
ROBIN TARTER	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
GREG REDMON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARTHA TAPLEY	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER STEPHENS ROBERSON	TREASURER	4.00	Director	$0	$0	$0
RACHEL SHELTON	DIRECTOR	2.00	Officer Director	$0	$0	$0
JAY MCSHURLEY	DIRECTOR	2.00	Director	$0	$0	$0
PAT TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
KARA HAWK	DIRECTOR	2.00	Director	$0	$0	$0
MARK ROSS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN DAVIS	DIRECTOR OF OPERATIONS	40.00	Officer	$151,503	$4,932	$156,435
EURETHA GODBY	EXECUTIVE DIRECTOR	40.00	Officer	$230,178	$6,664	$236,842
NINA BOOTH	NURSE PRACTITIONER	40.00	Highest	$124,393	$3,515	$127,908
RHONDA MOORE	DIRECTOR OF CLINICAL SERVI	40.00	Highest	$132,766	$4,946	$137,712
LORA MOBLEY	NURSE PRACTITIONER	40.00	Highest	$118,553	$12,206	$130,759
JENNIFER CARVER	NURSE PRACTITIONER	40.00	Highest	$112,582	$3,204	$115,786

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	$10,765,994	$10,398,215	$10,483,270	$367,779
2022	$9,091,679	$10,179,311	$9,582,227	$-1,087,632
2021	$11,016,539	$9,440,210	$10,857,385	$1,576,329
2020	$10,040,749	$9,398,843	$9,888,446	$641,906
2019	$9,622,110	$9,249,529	$8,145,659	$372,581
2018	$8,535,720	$7,634,296	$7,245,057	$901,424

HOSPICE OF LAKE CUMBERLAND INC