Stein Hospice Service Inc

EIN: 341411008 501(c)(3) Human Services

Cleveland, OH

Total Revenue
$11,799,829
Total Expenses
$11,551,008
Total Assets
$7,115,751
Net Assets
$4,293,552
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
OH
Principal Officer
William E Finn
Phone
2163833755
Tax Period
2023-01-01 to 2023-12-31

Stein Hospice Service Inc, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $11.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

HOSPICE OF THE WESTERN RESERVE 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: $9,490,201 Revenue: $11,120,098

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...

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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 two HOSPICE HOUSE residential facilities. IN 2023, STEIN HOSPICE SERVICE PROVIDED 38,883 PATIENT DAYS. 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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $680,735
Program Service Revenue $10,665,112
Investment Income $85,892
Other Revenue $368,090
TOTAL REVENUE $11,799,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,267,297
Fundraising Expenses $114,680
Program Expenses $9,490,201
Other Expenses $6,283,711
TOTAL EXPENSES $11,551,008

Year-over-Year Comparison

2023 2022 Change
Revenue $11,799,829 $12,429,472 -0.1%
Expenses $11,551,008 $13,665,133 -0.2%
Net Income $248,821 $-1,235,661 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
91
Volunteers
119

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
6
$1,096,044
Total Directors
6
$569,828
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM E FINN TREASURER 5.0
Officer Director
$0 $36,536 $569,828
ROBERT ANCKER CHIEF MEDICAL DIRECTOR 5.0
Highest
$0 $35,038 $363,706
LARRY ROBINSON HOSPICE MEDICAL DIRECTOR 20.0
Highest
$0 $35,391 $300,381
JULIA BARTEL CHIEF FINANCIAL OFFICER 5.0
Officer
$0 $30,741 $278,971
JEFFREY KOVACS CHEIF FINANCIAL OFFICER 5.0
Officer
$0 $13,881 $247,245
MARY KAY TYLER CHIEF QUALITY OFFICER 5.0
Highest
$0 $30,386 $208,640
LYNN MOCK CHIEF STRATEGY OFFICER 5.0
Highest
$0 $29,790 $181,275
KEITH ASHMUS DIRECTOR 1.0
Director
$0 $0 $0
WILLIAM SKIP BOWMAN VICE CHAIR 1.0
Officer Director
$0 $0 $0
WILLIAM DAVIS DIRECTOR 1.0
Director
$0 $0 $0
WILLIAM HERZBERGER CHAIR 1.0
Officer Director
$0 $0 $0
LAURA NAVIN SECRETARY 1.0
Officer 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 No data No data No data No data
2023 $11,799,829 $11,551,008 $7,115,751 $248,821
2022 $12,429,472 $13,665,133 $5,283,014 $-1,235,661
2021 $15,124,596 $16,430,731 $7,603,754 $-1,306,135
2020 $19,484,710 $18,498,647 $9,043,675 $986,063
2019 $20,978,631 $20,933,612 $7,452,985 $45,019
2018 $21,644,470 $21,886,820 $7,304,268 $-242,350
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