HOSPICE OF LENAWEE (EIN 382414012) - 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

1981

Legal Domicile

Principal Officer

TRAVIS HAVENS

Phone

5172632323

Tax Period

2025-01-01 to 2025-12-31

HOSPICE OF LENAWEE, founded in 1981, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2025.

Mission

HOSPICE OF LENAWEE PROVIDES COMPASSIONATE PATIENT AND FAMILY CENTERED CARE TO THE PEOPLE OF OUR COMMUNITY DURING AND AFTER THE LAST SEASON OF LIFE.

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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 $797,932

Program Service Revenue $8,210,838

Investment Income $419,969

Other Revenue $151,591

TOTAL REVENUE $9,580,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,013,731

Fundraising Expenses $258,593

Program Expenses $8,091,597

Other Expenses $3,870,871

TOTAL EXPENSES $9,884,602

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,580,330	$9,031,068	+0.1%
Expenses	$9,884,602	$9,373,316	+0.1%
Net Income	$-304,272	$-342,248	-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

117

Volunteers

123

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

$196,639

Total Directors

Key Employees

$236,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN VOORHEES	MEDICAL DIRE	40.00	Key Emp	$203,340	$32,679	$236,019
TRAVIS HAVENS	PRESIDENT AN	40.00	Officer	$165,107	$31,532	$196,639
STACEY KNIERIM-CLARK	ADMISSIONS C	40.00	Highest	$104,022	$29,790	$133,812
JENNIFER MEADE	DIR. OF PATI	40.00	Highest	$115,766	$30,028	$145,794
AMY BERGMAN	PAST CHAIR	0.50	Officer Director	$0	$0	$0
WILLIAM TODD CARVER	CHAIR	0.50	Officer Director	$0	$0	$0
CHRIS CLARKE	TREASURER	0.50	Officer Director	$0	$0	$0
JULIE GOLL	SECRETARY	0.50	Officer Director	$0	$0	$0
HOLLEIGH BAKER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JOHN BARNHART	DIRECTOR	0.50	Director	$0	$0	$0
JEFF BREHMER	DIRECTOR	0.50	Director	$0	$0	$0
SR ROSEMARY ABRAMOVICH	DIRECTOR	0.50	Director	$0	$0	$0
BRANNA KAHLE	DIRECTOR	0.50	Director	$0	$0	$0
JEFF DANLEY	DIRECTOR	0.50	Director	$0	$0	$0
PATT HAYES	DIRECTOR	0.50	Director	$0	$0	$0
MARY MYERS BOHN	DIRECTOR	0.50	Director	$0	$0	$0
JOANN NEGRETE SPADE	DIRECTOR	0.50	Director	$0	$0	$0
DANE NELSON	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN NOFZINGER	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW SWARTZLANDER	DIRECTOR	0.50	Director	$0	$0	$0
CATHY THIELAN	DIRECTOR	0.50	Director	$0	$0	$0
MEGGAN WANKE-HAMMOND	DIRECTOR	0.50	Director	$0	$0	$0
SALLY WHELAN	EMERITUS DIR	0.50	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
2025	$9,580,330	$9,884,602	$10,414,659	$-304,272
2024	$9,031,068	$9,373,316	$10,330,902	$-342,248
2023	$9,319,066	$9,442,181	$10,208,211	$-123,115
2022	$9,153,811	$9,523,729	$10,034,709	$-369,918
2021	$10,216,019	$9,728,070	$11,723,644	$487,949
2020	$10,287,063	$9,817,155	$13,399,259	$469,908
2019	$9,398,190	$9,551,478	$10,131,317	$-153,288
2018	$9,495,127	$9,548,370	$9,683,112	$-53,243

HOSPICE OF LENAWEE