Hospice of Medina County

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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

1981

Legal Domicile

Principal Officer

WILLIAM E FINN

Phone

2163832222

Tax Period

2022-01-01 to 2022-12-31

Mission

HOSPICE OF MEDINA COUNTY PROVIDES PALLIATIVE END-OF-LIFE CARE, CAREGIVER SUPPORT, AND BEREAVEMENT SERVICES THROUGHOUT NORTHERN OHIO. IN CELEBRATION OF THE INDIVIDUAL WORTH OF EACH LIFE, WE STRIVE TO RELIEVE SUFFERING, ENHANCE COMFORT, PROMOTE QUALITY LIFE, FOSTER CHOICE IN END-OF-LIFE CARE AND SUPPORT EFFECTIVE GRIEVING.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

HOSPICE CARE SERVICES ARE ABOUT PROVIDING PEOPLE (ADULTS AND CHILDREN) WITH A LIFE-LIMITING ILLNESS, AND THEIR FAMILIES WITH CHOICES AND DIGNITY. CARE IS PROVIDED WHEREVER THE PATIENTS LIVE; IN THEIR HOME, IN A HOSPITAL, ASSISTED LIVING/LONG-TERM CARE FACILITY OR at A HOSPICE HOUSE residential facility. CARE IS PROVIDED BY A TEAM OF PAID STAFF AND VOLUNTEERS WHO ARE AVAILABLE 24-HOURS A-DAY, SEVEN DAYS A WEEK. ADDITIONALLY, BEREAVEMENT SERVICES ARE PROVIDED FOR FAMILIES FOR MORE THAN A YEAR FOLLOWING THE LOSS OF A LOVED ONE. SEE SCHEDULE O (PAGE 2, PART III #4a) EXPLANATION AS TO SERVICES PROVIDED BY HOSPICE OF MEDINA COUNTY DURING 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

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

$980,126

Total Directors

$523,118

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM FINN	PRESIDENT & CEO	1.0	Officer Director	$0	$34,877	$523,118
JOHN MASTROJOHN III	EXECUTIVE VP/COO	1.0	Highest	$0	$26,876	$266,402
JULIA BARTEL	CHIEF CLINICAL OFFICER	2.0	Officer	$0	$28,882	$256,496
JEFFREY KOVACS	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$12,175	$200,512
MIKE SANDRIDGE	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL BAACH	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM BOWMAN	VICE CHAIR	1.0	Director	$0	$0	$0
NEROY CARTER	DIRECTOR	1.0	Director	$0	$0	$0
ALFRED CONNORS	DIRECTOR	1.0	Director	$0	$0	$0
RAYMOND CUSHING	DIRECTOR	1.0	Director	$0	$0	$0
DAN DEMONICA	DIRECTOR	1.0	Director	$0	$0	$0
ELIZABETH DOMHOLDT	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM HERZBERGER	CHAIR	1.0	Officer Director	$0	$0	$0
MICHAEL JACOBSON	DIRECTOR	1.0	Director	$0	$0	$0
VIRGINIA MLACK MOONEY	DIRECTOR	1.0	Director	$0	$0	$0
LAURA NAVIN	SECRETARY	1.0	Officer Director	$0	$0	$0
FAITH NOBLE	DIRECTOR	1.0	Director	$0	$0	$0
MARY OGRINC	DIRECTOR	1.0	Director	$0	$0	$0
K KAY POTETZ	DIRECTOR	1.0	Director	$0	$0	$0
MARK RIBBINS	DIRECTOR	1.0	Director	$0	$0	$0
MARK ROSS	TREASURER	1.0	Officer Director	$0	$0	$0
MARK SCHROEDER	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM SPRINGER	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM STIGELMAN	DIRECTOR	1.0	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
2022	No data	No data	$5,959	No data
2021	No data	No data	$30,951	No data
2020	$824,481	$1,329,381	$40,480	$-504,900
2019	$4,912,510	$5,569,006	$404,586	$-656,496
2018	$5,003,569	$5,913,190	$525,496	$-909,621