HOSPICE OF NORTHWEST OHIO (EIN 341283188) - 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

1979

Legal Domicile

Principal Officer

RICK RUSSELL

Phone

4196614001

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF NORTHWEST OHIO, founded in 1979, is a mid-sized nonprofit that reported $33.8M in total revenue in fiscal year 2024.

Mission

HOSPICE OF NORTHWEST OHIO PROVIDES SPECIALIZED MEDICAL EMOTIONAL AND SPIRITUAL CARE TO PEOPLE OF ALL AGES - AND THEIR FAMILIES - LIVING WITH ANY END-STAGE ILLNESS IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN

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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 $1,819,925

Program Service Revenue $30,552,998

Investment Income $1,167,439

Other Revenue $284,636

TOTAL REVENUE $33,824,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,116,809

Fundraising Expenses $291,684

Program Expenses $30,171,704

Other Expenses $9,674,609

TOTAL EXPENSES $36,791,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,824,998	$31,524,083	+0.1%
Expenses	$36,791,418	$33,803,755	+0.1%
Net Income	$-2,966,420	$-2,279,672	+0.3%

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

394

Volunteers

240

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

$848,164

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA RERUCHA	CHAIR	2.00	Officer Director	$0	$0	$0
GARY L BYERS	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL HYLAN	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID ALLEMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRADLEY L BLANDIN	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN CASIERE	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA EIKOST	TRUSTEE	1.00	Director	$0	$0	$0
LORRIE A ELCHERT	TRUSTEE	1.00	Director	$0	$0	$0
JUDGE IAN B ENGLISH	TRUSTEE	1.00	Director	$0	$0	$0
DR OTIS GORDON JR	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM P JENKS	TRUSTEE	1.00	Director	$0	$0	$0
DR KEN KRUPP	TRUSTEE	1.00	Director	$0	$0	$0
JANICE SERVICK	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN TASHIMA	TRUSTEE	1.00	Director	$0	$0	$0
TOM MYERS	CFO & VICE PRESIDENT, OPERATIONS	40.00	Officer	$186,416	$31,965	$218,381
MARSHA PAUL MD	MEDICAL DIRECTOR	40.00	Officer	$292,680	$29,537	$322,217
RICHARD E RUSSELL	PRESIDENT/CEO	40.00	Officer	$264,238	$43,328	$307,566
KATHLEEN VALTIN	VICE PRESIDENT, MARKETING & COMMUNICATIONS	40.00	Highest	$140,160	$26,124	$166,284
RICH PLUE	VICE PRESIDENT, CLINICAL SERVICES	40.00	Highest	$141,676	$33,322	$174,998
MICHELLE POWER	VICE PRESIDENT, HUMAN RESOURCES	40.00	Highest	$152,147	$30,591	$182,738
JOHN D LECHMAN	VICE PRESIDENT, PHILANTHROPY	40.00	Highest	$138,185	$36,824	$175,009
KOSE ROBERT	HOSPICE PHYSICIAN	40.00	Highest	$221,142	$28,287	$249,429

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	$33,824,998	$36,791,418	$40,850,177	$-2,966,420
2023	$31,524,083	$33,803,755	$41,215,202	$-2,279,672
2022	$29,225,219	$33,949,528	$39,414,692	$-4,724,309
2021	$42,435,060	$35,896,180	$48,749,413	$6,538,880
2020	$38,271,133	$35,408,875	$47,816,929	$2,862,258
2019	$34,515,385	$33,936,018	$37,368,580	$579,367
2018	$31,378,685	$31,408,718	$31,975,836	$-30,033

HOSPICE OF NORTHWEST OHIO