KENTUCKY HOSPICE NETWORK 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

1997

Legal Domicile

Principal Officer

SHAWN FLAUGHER

Phone

2709267565

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY HOSPICE NETWORK INC, founded in 1997, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 40% operating margin.

Mission

TO ENHANCE THE AVAILABILITY OF HIGH QUALITY, PROFESSIONALLY MANAGED HOSPICE CARE THROUGH COOPERATIVE ACTION OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $13,341 Revenue: $28,798

KENTUCKY HOSPICE NETWORK, INC. IS A NON PROFIT HEALTH CARE ORGANIZATION THAT SERVES A MEMBERSHIP OF HOSPICE CARE PROVIDERS. THROUGH ITS MEMBERSHIP, KENTUCKY HOSPICE NETWORK, INC. ADMINISTERS HOSPICE NEEDS IN A MANNER BY HELPING ALLEVIATE THE PHYSICAL AND MENTAL DISTRESS OF DYING, AND TO DEVELOP, COORDINATE AND SUPPORT THE OPERATION AND ACTIVITIES OF ITS MEMBERS. KHN CURRENTLY REPRESENTS ELEVEN HOSPICE ORGANIZATIONS SERVING PATIENTS AND FAMILIES IN OVER 40 RURAL COUNTIES THROUGHOUT KENTUCKY.

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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 $17,902

Program Service Revenue $28,662

Investment Income $14

Other Revenue $136

TOTAL REVENUE $46,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,341

Other Expenses $27,971

TOTAL EXPENSES $27,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,714	$38,089	+0.2%
Expenses	$27,971	$43,558	-0.4%
Net Income	$18,743	$-5,469	-4.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD HIENEMAN	DIRECTOR	2.00	Director	$0	$0	$0
JANELLE WHEELER	DIRECTOR	5.00	Director	$0	$0	$0
DEBBIE JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
LIZ FOWLER	DIRECTOR	5.00	Director	$0	$0	$0
SHAWN FLAUGHER	PRESIDENT	5.00	Officer Director	$0	$0	$0
EURETHA GODBY	DIRECTOR	2.00	Director	$0	$0	$0
KELLY MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
KENDRA MARSH	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BRENDA KNOLLENBERG	TREASURER	5.00	Officer Director	$0	$0	$0
LISA COX	DIRECTOR	2.00	Director	$0	$0	$0
STEVE JANTZ	DIRECTOR	2.00	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
2024	$46,714	$27,971	$91,211	$18,743
2023	$38,089	$43,558	$337,424	$-5,469
2022	$10,068	$46,655	$311,177	$-36,587
2021	$56,486	$42,173	$313,915	$14,313
2020	$39,288	$45,753	$184,904	$-6,465
2019	$56,566	$50,921	$242,363	$5,645
2018	$59,406	$53,651	$213,430	$5,755