LAKE SUPERIOR HOSPICE ASSOCIATION

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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

1979

Legal Domicile

Principal Officer

AL HENDRA

Phone

9062257760

Tax Period

2025-01-01 to 2025-12-31

LAKE SUPERIOR HOSPICE ASSOCIATION, founded in 1979, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 6% surplus.

Mission

LAKE SUPERIOR LIFE CARE & HOSPICE'S MISSION IS TO PROVIDE THE MOST COMPASSIONATE AND HIGHEST QUALITY HEALTH CARE TO PATIENTS IN THEIR HOME, THROUGH AN INTERDISCIPLINARY TEAM THAT PROVIDES PHYSICAL, EMOTIONAL, AND SPIRITUAL SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $2,751,499 Revenue: $2,967,650

LAKE SUPERIOR HOSPICE CONDUCTS A COMMUNITY-BASED HOSPICE PROGRAM PROVIDING SERVICES TO MEET THE EMOTIONAL, SPIRITUAL AND PHYSICAL NEEDS OF OUR PATIENTS AND THEIR FAMILIES AS THEY ARE FACED WITH...

LAKE SUPERIOR HOSPICE CONDUCTS A COMMUNITY-BASED HOSPICE PROGRAM PROVIDING SERVICES TO MEET THE EMOTIONAL, SPIRITUAL AND PHYSICAL NEEDS OF OUR PATIENTS AND THEIR FAMILIES AS THEY ARE FACED WITH LIFE-LIMITING ILLNESS AND ARE NEARING THE END OF LIFE. OUR INTERDISCIPLINARY TEAM OF PHYSICIANS, NURSES, CARE AIDES, SOCIAL WORKERS, BEREAVEMENT AND SPIRITUAL CARE STAFF, ALONG WITH A CADRE OF WELL-TRAINED VOLUNTEERS, PROVIDE IN-HOME SERVICES INCLUDING PAIN AND SYMPTOM MANAGEMENT, EMOTIONAL AND SPIRITUAL CARE, PERSONAL CARE, RESPITE SERVICES, AND BEREAVEMENT COUNSELING. GRIEF COUNSELING AND SUPPORT IS ALSO AVAILABLE TO THE COMMUNITY THROUGH THE AGENCY'S MONTHLY BEREAVEMENT LUNCHEON, TWICE-MONTHLY GRIEF SUPPORT GROUPS, AND INDIVIDUAL COUNSELING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $339,247

Program Service Revenue $2,967,650

Investment Income $54,417

Other Revenue $-2,219

TOTAL REVENUE $3,359,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,630,913

Fundraising Expenses $34,985

Program Expenses $2,751,499

Other Expenses $1,514,118

TOTAL EXPENSES $3,145,031

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,359,095	$2,818,534	+0.2%
Expenses	$3,145,031	$2,756,762	+0.1%
Net Income	$214,064	$61,772	+2.5%

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

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

$223,578

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE SELLERS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STUART JOHNSON DO	MEDICAL DIRE	1.00	Officer Director	$0	$0	$0
DAN LANDERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES STEWARD	DIRECTOR	1.00	Director	$0	$0	$0
TIM GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
DAN NIEMI	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA PAHNKE EISENBERGER	DIRECTOR	1.00	Director	$0	$0	$0
AL HENDRA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK CANALE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER VOEGTLINE	CEO	40.00	Officer	$108,464	$3,519	$111,983
MARY HOLKKO	CFO	22.00	Officer	$27,368	$618	$27,986
REGAN SCHUHMACHER	DIRECTOR OF	40.00	Officer	$81,120	$2,489	$83,609

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
2025	$3,359,095	$3,145,031	$1,373,311	$214,064
2024	$2,818,534	$2,756,762	$1,350,738	$61,772
2023	$2,480,168	$2,505,812	$1,293,468	$-25,644
2022	$2,563,306	$2,608,793	$1,304,451	$-45,487
2021	$2,269,638	$1,945,700	$1,245,894	$323,938
2020	$1,918,105	$1,799,621	$910,707	$118,484
2019	$2,119,796	$2,169,736	$873,255	$-49,940
2018	$2,074,919	$2,010,607	$1,171,813	$64,312