LIFECARE HOSPICE (EIN 341352875) - 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

1980

Legal Domicile

Principal Officer

RENEE SPARKS

Phone

9372569507

Tax Period

2024-01-01 to 2024-12-31

LIFECARE HOSPICE, founded in 1980, is a mid-sized nonprofit that reported $26.7M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $30.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF HOSPICE IS TO PROVIDE MEDICAL CARE, NURSING CARE, PAIN RELIEF, AND EMOTIONAL AND SPIRITUAL SUPPORT SERVICES TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES.

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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 $784,983

Program Service Revenue $25,849,370

Investment Income $5,683

Other Revenue $14,009

TOTAL REVENUE $26,654,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,645,399

Fundraising Expenses $0

Program Expenses $21,747,227

Other Expenses $12,458,136

TOTAL EXPENSES $30,103,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,654,045	$18,654,957	+0.4%
Expenses	$30,103,535	$19,286,273	+0.6%
Net Income	$-3,449,490	$-631,316	+4.5%

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

114

Volunteers

268

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

$1,392,951

Total Directors

Key Employees

$537,130

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE HALEY	CHAIR	2.00	Officer Director	$0	$0	$0
GARY LEROY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GENE THORN	TREASURER	2.00	Officer Director	$0	$0	$0
TONI SPRINKEL	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLES BANE MD	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID REYNOLDS MD	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG HELMAN	BOARD MEMBER - PART YEAR	2.00	Director	$0	$0	$0
KEVIN BLACK	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN HARLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY MORRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY JUSTICE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BOLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM GERBER	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS MANN	BOARD MEMBER	2.00	Director	$0	$0	$0
KENT ANDERSON	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$59,881	$660,534
ROBERT MORRIS	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$53,196	$437,129
KURT C HOLMES	EXECUTIVE REGIONAL VP - PART YEAR	40.00	Officer	$266,557	$28,731	$295,288
JODI HANNAN	MEDICAL DIRECTOR LIFECARE HOSPICE	40.00	Key Emp	$281,464	$52,114	$333,578
DEBORAH L MEADOWS	VICE PRESIDENT OF CLINICAL CARE	40.00	Key Emp	$158,580	$44,972	$203,552
TODD ALEXANDER MEYERHOEFER	ASSISTANT MEDICAL DIRECTOR	40.00	Highest	$175,550	$44,287	$219,837
MIRANDA J CASTO	APRN HOSPICE & PALLIATIVE CARE	40.00	Highest	$131,229	$30,855	$162,084
JULIE ANN HURN	APRN HOSPICE & PALLIATIVE CARE	40.00	Highest	$110,778	$18,573	$129,351
ANNE HARPER	TEAM PHYSICIAN	40.00	Highest	$138,635	$12,757	$151,392
KERRIE CUSH	DIRECTOR OF CARE	40.00	Highest	$132,120	$17,960	$150,080

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	$26,654,045	$30,103,535	$15,003,150	$-3,449,490
2023	$18,654,957	$19,286,273	$14,846,755	$-631,316
2022	$18,599,558	$19,240,687	$15,507,594	$-641,129
2021	$14,808,239	$15,858,578	$15,889,841	$-1,050,339
2020	$14,344,787	$14,443,499	$13,655,704	$-98,712
2019	$11,963,524	$13,118,231	$13,817,750	$-1,154,707
2018	$10,468,279	$11,990,216	$13,970,059	$-1,521,937

LIFECARE HOSPICE