Hospice of the Valley 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

1979

Legal Domicile

Phone

3307881992

Tax Period

2023-01-01 to 2023-12-31

Hospice of the Valley Inc, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $12.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

HOSPICE OF THE VALLEY EXTENDS THE HEALING MINISTRY OF JESUS BY PROVIDING HOSPICE CARE AND COUNSELING SERVICES TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES REGARDLESS OF THEIR ABILITY TO PAY. HOSPICE OF THE VALLEY, INC. ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING BEHAVIORS REFLECTING OUR CORE VALUES OF COMPASSION, EXCELLENCE, HUMAN DIGNITY, JUSTICE, SACREDNESS OF LIFE AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $12,025,353 Revenue: $11,292,122

HOSPICE OF THE VALLEY HELPS PEOPLE WITH TERMINAL ILLNESSES WITH A TEAM OF DEDICATED NURSES, SOCIAL WORKERS, PERSONAL CARE AIDES, GRIEF COUNSELORS, CHAPLAINS AND TRAINED VOLUNTEERS WHO PROVIDE QUALITY CARE TO ADDRESS THE PATIENT'S AND FAMILY'S PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS. THESE SERVICES ARE PROVIDED IN THEIR HOMES, IN THE HOSPITAL OR AT HOSPICE HOUSE, AN INPATIENT FACILITY. HOSPICE OF THE VALLEY ALSO PROVIDES FREE OF CHARGE EXTENSIVE BEREAVEMENT SERVICES TO THE COMMUNITY TO HELP PEOPLE WHOSE LOVED ONE HAS DIED.

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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 $1,086,271

Program Service Revenue $11,291,430

Investment Income $115,162

Other Revenue $106,972

TOTAL REVENUE $12,599,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,363,182

Fundraising Expenses $0

Program Expenses $12,025,353

Other Expenses $6,184,666

TOTAL EXPENSES $13,547,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,599,835	$14,040,873	-0.1%
Expenses	$13,547,848	$13,782,619	0.0%
Net Income	$-948,013	$258,254	-4.7%

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

200

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

$957,297

Total Directors

$1,327,156

Key Employees

$364,923

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairperson	1.0	Officer Director	$0	$0	$0
N/A	Board Member, COO - Youngstown and Lorain	1.0	Officer Director	$0	$72,967	$598,092
N/A	PRESIDENT AND EXECUTIVE DIRECTOR	40.0	Officer Director	$0	$27,245	$178,193
N/A	Treasurer, Assistant CFO	1.0	Officer Director	$0	$8,455	$181,012
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER, PHYSICIAN	1.0	Director	$0	$52,963	$369,859
N/A	MEDICAL DIRECTOR	40.0	Key Emp	$0	$29,748	$364,923
N/A	Manager Hospice	40.0	Highest	$103,754	$36,722	$140,476
N/A	Lead Registered Nurse	40.0	Highest	$119,470	$33,401	$152,871
N/A	Registered Nurse Hospice	40.0	Highest	$106,769	$10,888	$117,657
N/A	Registered Nurse Hospice	40.0	Highest	$101,591	$19,240	$120,831
N/A	Lead Registered Nurse	40.0	Highest	$120,549	$20,576	$141,125

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	$12,599,835	$13,547,848	$14,125,047	$-948,013
2022	$14,040,873	$13,782,619	$14,973,981	$258,254
2021	$14,458,676	$14,046,907	$14,885,188	$411,769
2020	$16,794,491	$15,086,871	$13,216,060	$1,707,620
2019	$17,209,319	$16,939,688	$13,201,103	$269,631
2018	$16,603,571	$17,862,953	$13,024,475	$-1,259,382