Joliet Area Community Hospice Corp (EIN 363191281) - 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

1982

Legal Domicile

Phone

8157404104

Tax Period

2024-01-01 to 2024-12-31

Joliet Area Community Hospice Corp, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $24.7M in total revenue in fiscal year 2018. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $21.4M left a modest 13% surplus.

Mission

Lightways Hospice and Serious Illness Care provides comprehensive, holistic, community-based services and care.

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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 $2,470,545

Program Service Revenue $36,065,100

Investment Income $3,189,421

Other Revenue $237,180

TOTAL REVENUE $41,962,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,316,534

Fundraising Expenses $0

Program Expenses $26,594,277

Other Expenses $12,045,709

TOTAL EXPENSES $35,362,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,962,246	$38,337,079	+0.1%
Expenses	$35,362,243	$32,301,714	+0.1%
Net Income	$6,600,003	$6,035,365	+0.1%

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

315

Volunteers

215

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

$690,896

Total Directors

Key Employees

$678,672

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Niehaus	TREASURER	1.0	Officer Director	$0	$0	$0
Karen Isberg Sorbero	CHAIR	1.0	Officer Director	$0	$0	$0
Leslie Rienzie-Barry	SECRETARY	1.0	Officer Director	$0	$0	$0
Nannette Alton-Labus	IMMEDIATE PAST CHAIR	1.0	Officer Director	$0	$0	$0
Rob Stanek	VICE CHAIR	1.0	Officer Director	$0	$0	$0
Alyssa Knoderer	DIRECTOR	1.0	Director	$0	$0	$0
Bishop Warren C Dorris	DIRECTOR	1.0	Director	$0	$0	$0
Helen Ross	DIRECTOR	1.0	Director	$0	$0	$0
Jane Wetterling Clifford	DIRECTOR	1.0	Director	$0	$0	$0
Jaya Varghese	DIRECTOR	1.0	Director	$0	$0	$0
JD Wright	DIRECTOR (Retired October 2024)	1.0	Director	$0	$0	$0
Kristin Mulvey	DIRECTOR	1.0	Director	$0	$0	$0
Mary Jaworski	Director	1.0	Director	$0	$0	$0
Michael Mutterer	DIRECTOR	1.0	Director	$0	$0	$0
William Benoit	DIRECTOR	1.0	Director	$0	$0	$0
Anne Van Oost	Chief Financial Officer through January 2024	40.0	Officer	$20,197	$808	$21,005
Cynthia Brassea	Chief Operating Officer	40.0	Officer	$191,405	$18,925	$210,330
Mary K Sheehan	CEO	40.0	Officer	$251,932	$9,459	$261,391
Steven Crockett	Chief Financial Officer	40.0	Officer	$179,841	$18,329	$198,170
Dr Muhamad Krad	Medical Director	40.0	Key Emp	$664,872	$13,800	$678,672
Erin Flanagan Hardies	Pediatric Hospice & Palliative Care Physician	40.0	Highest	$197,306	$21,169	$218,475
Julie D Mulhollan	Senior Director of Operations	40.0	Highest	$143,316	$9,782	$153,098
Kathleen Peterson	Senior Director of Marketing	40.0	Highest	$145,136	$5,800	$150,936
Maureen Gorszczyk	Nurse Practioner	40.0	Highest	$125,180	$19,166	$144,346
Paola Molina	Associate Medical Director	40.0	Highest	$148,904	$2,004	$150,908

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	$41,962,246	$35,362,243	$63,606,725	$6,600,003
2023	$38,337,079	$32,301,714	$56,569,414	$6,035,365
2022	$29,798,917	$28,070,662	$48,925,309	$1,728,255
2021	$29,848,676	$25,866,919	$49,346,001	$3,981,757
2020	$30,232,844	$24,394,056	$45,016,086	$5,838,788
2019	$26,250,875	$21,870,666	$37,209,069	$4,380,209
2018	$24,702,821	$21,429,515	$30,319,705	$3,273,306

Joliet Area Community Hospice Corp