ASERACARE HOSPICE FOUNDATION

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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

1996

Legal Domicile

Principal Officer

RICHARD HOLLAND

Phone

4794945762

Tax Period

2020-01-01 to 2020-12-31

ASERACARE HOSPICE FOUNDATION, founded in 1996, is a micro nonprofit that reported $1K in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $577K exceeded revenue, resulting in a 48141% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $577,444

TO ASSIST HOSPICE ORGANIZATIONS, HEALTHCARE AGENCIES, AND OTHER CHARITABLE ORGANIZATIONS THAT PROVIDE SERVICES AND RELATED ACTIVITIES TO INDIGENT PATIENTS AND THEIR FAMILIES OR PROVIDE COMMUNITY...

TO ASSIST HOSPICE ORGANIZATIONS, HEALTHCARE AGENCIES, AND OTHER CHARITABLE ORGANIZATIONS THAT PROVIDE SERVICES AND RELATED ACTIVITIES TO INDIGENT PATIENTS AND THEIR FAMILIES OR PROVIDE COMMUNITY EDUCATION OF HOSPICE 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 (2020)

Revenue Breakdown

Contributions & Grants $47,969

Program Service Revenue $0

Investment Income $-46,772

Other Revenue $0

TOTAL REVENUE $1,197

Expense Breakdown

Grants Paid $547,979

Salaries & Benefits $9,166

Fundraising Expenses $0

Program Expenses $577,444

Other Expenses $20,299

TOTAL EXPENSES $577,444

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,197	$118,838	-1.0%
Expenses	$577,444	$143,499	+3.0%
Net Income	$-576,247	$-24,661	+22.4%

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

N/A

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

$9,166

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HOLLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA COLE	EXECUTIVE DIRECTOR	10.00	Director	$9,166	$0	$9,166
TRISH LIGHTNER	TREASURER	1.00	Officer Director	$0	$0	$0
CHERI EDWARDS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY JAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE MORRIS	FINANCIAL DIRECTOR	1.00	Officer Director	$0	$0	$0
CHARLES PENNINGTON	BOARD MEMBER	1.00	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	$1,197	$577,444	No data	$-576,247
2019	$118,838	$143,499	$576,247	$-24,661
2018	$111,582	$141,637	$600,908	$-30,055