HOSPICE OF MUSKEGON COUNTY INC D/B… - Form 990 Financial Data

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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

Principal Officer

SUSAN HOUSEMAN

Phone

2317283442

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF MUSKEGON COUNTY INC D/B/A HARBOR HOSPICE, founded in 1982, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $13.0M left a modest 4% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE END OF LIFE CARE, SUPPORT AND SERVICES TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $10,444,839 Revenue: $12,810,419

DIRECT PATIENT CARE - THE ORGANIZATION'S TEAM OF SPECIALISTS TAILORS A PLAN OF CARE FOR EACH PATIENT AND FAMILY FACING A TERMINAL ILLNESS. THE PLAN CONSIDERS PHYSICAL, EMOTIONAL, SOCIAL, AND...

DIRECT PATIENT CARE - THE ORGANIZATION'S TEAM OF SPECIALISTS TAILORS A PLAN OF CARE FOR EACH PATIENT AND FAMILY FACING A TERMINAL ILLNESS. THE PLAN CONSIDERS PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL NEEDS. THE TEAM INCLUDES THE PHYSICIAN, NURSE, SOCIAL WORKER, CERTIFIED NURSING ASSISTANT, VOLUNTEERS, AND SPIRITUAL CARE STAFF. 1,074 PATIENTS SERVED

Program 2

Expenses: $630,075 Revenue: $159,512

PALLIATIVE CARE - PALLIATIVE CARE IS PROFESSIONAL, COMPASSIONATE, HOLISTIC CARE FOR INDIVIDUALS WITH AN ADVANCED ILLNESS, CHRONIC CONDITION, OR A LIFE-LIMITING DISEASE. IT FOCUSES ON HELPING PATIENTS AND THEIR FAMILIES IMPROVE QUALITY OF LIFE BY ALLEVIATING SYMPTOMS AND PAIN. THE ORGANIZATION OFFERS PALLIATIVE CARE CONSULTATION AND SERVICES ON REFERRAL AND PARTNERS WITH MERCY HEALTH PARTNERS TO OFFER PALLIATIVE CARE SERVICES IN AN INPATIENT SETTING. 636 PATIENTS SERVED

Program 3

Expenses: $164,469

BEREAVEMENT CARE - GRIEF SUPPORT SERVICES ARE DELIVERED BY LICENSED PROFESSIONALS WHO WORK WITH FAMILIES FOR UP TO 13 MONTHS AFTER THE DEATH OF THEIR LOVED ONE. GRIEF SUPPORT INCLUDES MONTHLY...

BEREAVEMENT CARE - GRIEF SUPPORT SERVICES ARE DELIVERED BY LICENSED PROFESSIONALS WHO WORK WITH FAMILIES FOR UP TO 13 MONTHS AFTER THE DEATH OF THEIR LOVED ONE. GRIEF SUPPORT INCLUDES MONTHLY MAILINGS, SUPPORT GROUPS, CAMP COURAGE FOR CHILDREN, SCHOOL PROGRAMS, AND INDIVIDUAL COUNSELING SESSIONS. ALL SERVICES ARE FREE AND OPEN TO ANYONE IN THE COMMUNITY. 463 CLIENTS SERVED

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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 $458,112

Program Service Revenue $12,969,931

Investment Income $162,786

Other Revenue $3,946

TOTAL REVENUE $13,594,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,095,604

Fundraising Expenses $55,648

Program Expenses $11,634,401

Other Expenses $4,941,356

TOTAL EXPENSES $13,036,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,594,775	$10,646,882	+0.3%
Expenses	$13,036,960	$11,135,308	+0.2%
Net Income	$557,815	$-488,426	-2.1%

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

154

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

$192,330

Total Directors

$192,330

Key Employees

$321,884

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD HARRIMAN	MEDICAL DIRE	40.00	Key Emp	$293,077	$28,807	$321,884
SUSAN HOUSEMAN	PRESIDENT	35.00	Officer Director	$170,329	$22,001	$192,330
ROGER MORGENSTERN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CURT BABCOCK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID WINGARD	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN FOSS	TREASURER	1.00	Officer Director	$0	$0	$0
EVA BERUMEN REYNA	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MISHELLE COMSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL METZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MUNFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAYNE GREEN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE FLACHS	DIRECTOR	1.00	Director	$0	$0	$0
KERRY AKRED	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$13,594,775	$13,036,960	$8,043,288	$557,815
2023	$10,646,882	$11,135,308	$7,340,655	$-488,426
2022	$12,386,605	$11,644,739	$8,226,342	$741,866
2021	$12,055,782	$11,291,440	$7,244,243	$764,342
2020	$11,391,095	$11,108,897	$6,444,590	$282,198
2019	$12,535,783	$11,423,192	$6,548,674	$1,112,591
2018	$11,091,770	$10,255,537	$5,703,173	$836,233

HOSPICE OF MUSKEGON COUNTY INC D/B/A HARBOR HOSPICE