HOSPICE OF HOLLAND INC

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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

TORREY HUSMANN

Phone

6163962972

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF HOLLAND INC, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $11.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

THE MISSION OF HOSPICE OF HOLLAND IS TO PROVIDE THE MOST COMPASSIONATE AND HIGHEST QUALITY END-OF-LIFE CARE THROUGH PHYSICAL, EMOTIONAL, AND SPIRITUAL SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $9,624,134 Revenue: $9,803,985

PHYSICAL, EMOTIONAL, AND SPIRITUAL SUPPORT TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES. HOH PROVIDED 44,260 PATIENT DAYS OF CARE AND 3,452 PALLIATIVE CARE VISITS IN 2024, SERVING A TOTAL OF 1,902...

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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 $1,286,866

Program Service Revenue $9,838,823

Investment Income $790,483

Other Revenue $-164,744

TOTAL REVENUE $11,751,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,562,409

Fundraising Expenses $220,353

Program Expenses $9,624,134

Other Expenses $4,232,751

TOTAL EXPENSES $11,795,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,751,428	$13,949,726	-0.2%
Expenses	$11,795,160	$12,427,733	-0.1%
Net Income	$-43,732	$1,521,993	-1.0%

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

105

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

$233,190

Total Directors

$418,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOD WYN	MEDICAL DIRE	40.00	Highest	$328,675	$32,593	$361,268
ALICE EMERY	MEDICAL DIRE	40.00	Highest	$287,498	$20,150	$307,648
TORREY HUSMANN	EXECUTIVE DI	40.00	Officer Director	$218,234	$14,956	$233,190
DENISE STANCILL	DIRECTOR	40.00	Director	$167,180	$18,494	$185,674
LIZABETH GILES	MEDICAL DIRE	40.00	Highest	$158,646	$10,757	$169,403
JOE BONELLO	DIRECTOR	1.00	Director	$0	$0	$0
BILL BUNDY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SETH BUSHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
TONY CORTESE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
TOM HILLEGONDS	TREASURER	1.00	Officer Director	$0	$0	$0
BILL VANDERVLIET MD	DIRECTOR	1.00	Director	$0	$0	$0
BOB SIKKEL	PRESIDENT	1.00	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	$11,751,428	$11,795,160	$17,814,283	$-43,732
2023	$13,949,726	$12,427,733	$17,792,653	$1,521,993
2022	$12,297,085	$11,702,539	$15,533,203	$594,546
2021	$11,302,740	$10,884,400	$15,772,151	$418,340
2020	$11,461,477	$10,920,297	$15,224,763	$541,180
2019	$11,517,243	$11,041,661	$14,258,286	$475,582
2018	$10,976,260	$9,848,315	$13,249,806	$1,127,945