THE HOSPICE OF JACKSON ENDOWMENT FUND

EIN: 383422146 501(c)(3)

JACKSON, MI

Total Revenue
$99,584
Total Expenses
$2,570,224
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
WENDY KIM
Phone
5178416983
Tax Period
2023-01-01 to 2023-12-31

THE HOSPICE OF JACKSON ENDOWMENT FUND, founded in 1998, is a micro nonprofit that reported $100K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 2481% operating deficit.

Mission

THE HOSPICE OF JACKSON ENDOWMENT FUND GENERATES INCOME FROM ITS ASSETS. A PORTION OF THIS INCOME IS DISTRIBUTED TO HENRY FORD ALLEGIANCE HOSPICE A TAX-EXEMPT ORGNIZATION. THESE FUNDS HELP HENRY FORD ALLEGIANCE HOSPICE CARRY ON THEIR CHARITABLE ACTIVITIES AND MAINTAIN THE FACILITY.

Program Service Accomplishments

Program 1
Expenses: $2,570,224

DONATIONS TO HENRY FORD ALLEGIANCE HOSPICE WERE USED TO SUPPORT UNCOMPENSATED CARE, OPERATING EXPENSES, AND FACILITY MAINTENANCE AND IMPROVEMENTS, AND TO CREATE AN ENDOWMENT FUND TO SUPPORT THE...

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DONATIONS TO HENRY FORD ALLEGIANCE HOSPICE WERE USED TO SUPPORT UNCOMPENSATED CARE, OPERATING EXPENSES, AND FACILITY MAINTENANCE AND IMPROVEMENTS, AND TO CREATE AN ENDOWMENT FUND TO SUPPORT THE LONG-TERM OPERATIONS OF HENRY FORD ALLEGIANCE HOSPICE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $97,789
Other Revenue $1,795
TOTAL REVENUE $99,584

Expense Breakdown

Grants Paid $2,536,933
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,570,224
Other Expenses $33,291
TOTAL EXPENSES $2,570,224

Year-over-Year Comparison

2023 2022 Change
Revenue $99,584 $238,841 -0.6%
Expenses $2,570,224 $114,660 +21.4%
Net Income $-2,470,640 $124,181 -20.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
3
$381,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY KIM TRUSTEE 1.00
Director
$0 $9,419 $381,650
GRANT BROWN BOARD CHAIRM 1.00
Officer Director
$0 $0 $0
TIM LEVY TRUSTEE 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
2023 $99,584 $2,570,224 No data $-2,470,640
2022 $238,841 $114,660 $2,478,404 $124,181
2021 $145,830 $83,405 $2,816,221 $62,425
2020 $34,936 $1,730,599 $2,716,548 $-1,695,663
2019 $102,259 $71,186 $3,901,744 $31,073
2018 $687,267 $354,114 $3,347,781 $333,153
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