UPPER PENINSULA 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

1997

Legal Domicile

Principal Officer

CYNTHIA NYQUIST

Phone

9062254545

Tax Period

2024-01-01 to 2024-12-31

UPPER PENINSULA HOSPICE ASSOCIATION, founded in 1997, is a small nonprofit in the Health Care sector that reported $142K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 57% operating margin.

Mission

TO ENHANCE HOSPICE CARE AT NO COST TO HOSPICE PATIENTS.

Program Service Accomplishments

Program 1

Expenses: $60,691 Revenue: $500

THE ORGANIZATION PROVIDED AN ASSORTMENT OF SERVICES TO PATIENTS AND THEIR FAMILIES SUCH AS FINANCIAL SUPPORT FOR COMFORT ITEMS AND SERVICES, SUPPLIES, AND BEREAVEMENT EDUCATION PROGRAMS.

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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 $126,094

Program Service Revenue $500

Investment Income $24,448

Other Revenue $-8,640

TOTAL REVENUE $142,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,691

Other Expenses $60,691

TOTAL EXPENSES $60,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,402	$111,327	+0.3%
Expenses	$60,691	$49,721	+0.2%
Net Income	$81,711	$61,606	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA NYQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN WIDEMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NHEENA WEYER-ITTNER	SECRETARY	1.00	Officer Director	$0	$0	$0
JACKIE MENHENNICK	TREASURER	1.00	Officer Director	$0	$0	$0
NEAL CROTHERS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT JENEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB RAICA	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE BICIGO	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY JANDRON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYLEE BIRMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE ARO	EXECUTIVE DI	1.00	Officer	$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	$142,402	$60,691	$550,932	$81,711