LAKE SUPERIOR HOSPICE ASSOCIATION (EIN 382327011) - 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

1979

Legal Domicile

Principal Officer

AL HENDRA

Phone

9062257760

Tax Period

2024-01-01 to 2024-12-31

LAKE SUPERIOR HOSPICE ASSOCIATION, founded in 1979, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

LAKE SUPERIOR 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.

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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 $82,830

Program Service Revenue $2,704,132

Investment Income $9,734

Other Revenue $21,838

TOTAL REVENUE $2,818,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,403,098

Fundraising Expenses $23,523

Program Expenses $2,409,542

Other Expenses $1,353,664

TOTAL EXPENSES $2,756,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,818,534	$2,480,168	+0.1%
Expenses	$2,756,762	$2,505,812	+0.1%
Net Income	$61,772	$-25,644	-3.4%

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

$244,141

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	$102,404	$3,243	$105,647
MARY HOLKKO	CFO	22.00	Officer	$36,606	$1,143	$37,749
REGAN SCHUHMACHER	DIRECTOR OF	40.00	Officer	$97,910	$2,835	$100,745

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	$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

LAKE SUPERIOR HOSPICE ASSOCIATION