MERIDIAN HOSPICE

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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

DENISE M KEEFE

Phone

6305729393

Tax Period

2023-01-01 to 2023-12-31

MERIDIAN HOSPICE, founded in 1981, is a mid-sized nonprofit that reported $33.9M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

HOSPICE, THROUGH ITS TEAM OF CARE GIVERS, PROVIDES A PROGRAM OF COMPASSIONATE, COST EFFECTIVE CARE TO IMPROVE THE QUALITY OF LIFE FOR ITS TERMAINALLY ILL PATIENTS THROUGH A COMBINATION OF PAIN AND SYMPTOM MANAGEMENT AND SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $20,452,378 Revenue: $31,163,615

IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, MERIDIAN HOSPICE PROVIDES THE FOLLOWING SERVICES WHERE THERE IS A NEED, REGARDLESS OF THE PATIENTS' ABILITY TO PAY: END OF LIFE CARE FOUNDATIONS PAY FOR CERTAIN THERAPIES FREE CARE AND SUBSIDIZED CARE CARE TO PERSONS COVERED BY GOVERNMENT PROGRAMS AT BELOW COST UNREIMBURSED SERVICES SUCH AS GRIEF COUNSELING; MUSIC, PET AND MASSAGE THERAPY AND CHAPLAINS FINANCIAL AND OTHER ASSISTANCE TO PATIENTSMERIDIAN HOSPICE MADE 130,757 HOME CARE VISITS DURING 2023. THESE DAYS OF CARE CONSISTED OF 124,474 DAYS OF ROUTINE IN-HOME CARE AND 6,283 DAYS OF INPATIENT CARE AT HOSPITALS AND NURSING HOMES.

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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 $51,316

Program Service Revenue $31,163,615

Investment Income $2,672,581

Other Revenue $0

TOTAL REVENUE $33,887,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,769,816

Fundraising Expenses $0

Program Expenses $20,452,378

Other Expenses $13,349,281

TOTAL EXPENSES $33,119,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,887,512	$31,293,881	+0.1%
Expenses	$33,119,097	$32,094,871	+0.0%
Net Income	$768,415	$-800,990	-2.0%

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

219

Volunteers

N/A

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

$25,840,885

Total Directors

$21,394,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE KEEFE	DIRECTOR, CHAIRPERSON, PRESIDENT	1.00	Officer Director	$0	$162,299	$1,836,788
DONALD CALCAGNO	DIRECTOR	1.00	Director	$0	$145,770	$1,891,249
WILLIAM SANTULLI	DIRECTOR	1.00	Director	$0	$359,616	$6,164,738
MARY BETH KINGSTON	DIRECTOR	1.00	Director	$0	$164,086	$2,302,956
DENNIS POTTS	DIRECTOR	1.00	Director	$0	$182,360	$3,134,763
KAREN LAMBERT	DIRECTOR	1.00	Director	$0	$154,869	$1,774,000
TIMOTHY LINEBERRY	DIRECTOR	1.00	Director	$0	$147,894	$1,495,860
SCOTT POWDER	DIRECTOR	1.00	Director	$0	$119,502	$2,793,671
DOMINICA TALLARICO	VICE PRESIDENT	1.00	Officer	$0	$44,857	$1,215,373
DIA NICHOLS	VICE PRESIDENT	1.00	Officer	$0	$129,781	$938,085
HUGH ROBINSON	VP FINANCIAL OPERATIONS	1.00	Officer	$0	$37,018	$290,114
AMY SCHEU	VP PALLIATIVE CARE AND HOSPICE	55.00	Officer	$245,250	$20,584	$265,834
DOMINIC NAKIS	TREASURER	1.00	Officer	$0	$130,352	$6,517,941
MICHAEL GREBE	SECRETARY	1.00	Officer	$0	$99,054	$3,702,479
NAN NELSON	ASSISTANT TREASURER, TREASURER	1.00	Officer	$0	$152,768	$1,874,733
JAMES DOHENY	ASSISTANT TREASURER	1.00	Officer	$0	$63,927	$1,127,934
MICHAEL VOLANTE	ASSISTANT TREASURER	1.00	Officer	$0	$47,558	$304,325
ROBIN STOEN	ASSISTANT TREASURER	1.00	Officer	$0	$29,223	$356,259
STEVE HUSER	ASSISTANT TREASURER	1.00	Officer	$0	$71,656	$878,136
CARRIE DONOVAN	ASSISTANT TREASURER	1.00	Officer	$0	$126,822	$901,466
BRAD CLARK	ASSISTANT TREASURER	1.00	Officer	$0	$145,795	$1,577,771
RACHEL HALVERSON	ASSISTANT TREASURER	1.00	Officer	$0	$59,558	$537,349
KEVIN FITCH	ASSISTANT TREASURER	1.00	Officer	$0	$85,046	$654,071
RACHELLE HART	ASST SECRETARY, SECRETARY	1.00	Officer	$0	$130,674	$1,286,154
KATHERINE KETNER	ASSISTANT SECRETARY	1.00	Officer	$0	$30,165	$347,536
MICHAEL KERNS	ASSISTANT SECRETARY	1.00	Officer	$0	$111,993	$861,767
MARY MATTHEWS	ASSISTANT SECRETARY	1.00	Officer	$0	$50,714	$366,770
PAMELA FURMANEK	HOSPICE CLINICAL DIRECTOR	55.00	Highest	$164,189	$12,950	$177,139
KATHLEEN QUINN	MANAGER CLINIC SERVICES	55.00	Highest	$139,044	$20,980	$160,024
SHERIKER OBIJAJU ON LEAVE	EXECUTIVE DIRECTOR HOSPICE ACCESS	55.00	Highest	$170,175	$26,887	$197,062
TINA TERRY	HOSPICE REGISTERED NURSE CASE MANAGER LEAD	55.00	Highest	$136,800	$4,107	$140,907
DONNA RUIZ	MANAGER CLINIC PRACTICE OPERATIONS II	55.00	Highest	$135,541	$12,256	$147,797

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	$33,887,512	$33,119,097	$40,517,516	$768,415
2022	$31,293,881	$32,094,871	$45,937,450	$-800,990
2021	$35,043,303	$28,453,639	$42,738,076	$6,589,664
2020	$35,813,590	$28,443,878	$36,581,718	$7,369,712
2019	$34,804,171	$28,873,133	$30,745,527	$5,931,038
2018	$30,521,265	$27,809,930	$22,579,710	$2,711,335