ELARA CARING HOSPICE FOUNDATION

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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

2002

Legal Domicile

Principal Officer

LISA NIELSEN

Tax Period

2023-01-01 to 2023-12-31

ELARA CARING HOSPICE FOUNDATION, founded in 2002, is a small nonprofit in the Human Services sector that reported $204K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $229K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE THOSE WHO QUALIFY FOR HOSPICE CARE A COMPLEMENT TO HEALTH CARE SERVICES, AND TO ASSIST WITH THE PHYSICAL, EMOTIONAL,SPIRITUAL AND SOCIAL NEEDS OF SUCH TERMINALLY ILL INDIVIDUALS AND/OR MEMBERS OF THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $192,590

HEALTHCARE SUPPLIES, SERVICES AND EQUIPMENT ARE PURCHASED FOR HOSPICE PATIENTS PARTICULARLY WHEN ITEMS ARE NOT REIMBURSED OR FUNDED BY INSURANCE. FUNDING IS ALSO PROVIDED FOR PROGRAMS AND...

HEALTHCARE SUPPLIES, SERVICES AND EQUIPMENT ARE PURCHASED FOR HOSPICE PATIENTS PARTICULARLY WHEN ITEMS ARE NOT REIMBURSED OR FUNDED BY INSURANCE. FUNDING IS ALSO PROVIDED FOR PROGRAMS AND ORGANIZATION THAT PROVIDE SERVICES FOR THE HOSPICE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $190,094

Program Service Revenue $52

Investment Income $13,377

Other Revenue $0

TOTAL REVENUE $203,523

Expense Breakdown

Grants Paid $181,887

Salaries & Benefits $10,703

Fundraising Expenses $0

Program Expenses $192,590

Other Expenses $36,725

TOTAL EXPENSES $229,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,523	$239,184	-0.1%
Expenses	$229,315	$218,832	+0.0%
Net Income	$-25,792	$20,352	-2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GREGORY BROOKS	MEMBER-AT-LARGE	Director	$0	$0	$0
REBECCA MATTHEWS	PRESIDENT	Officer Director	$0	$0	$0
CHRIS HEYDENBURG	VICE-PRESIDENT	Officer Director	$0	$0	$0
PAMELA BUCHKOWSKI	SECRETARY	Officer Director	$0	$0	$0
ELIZABETH LASHWOOD	TREASURER	Officer Director	$0	$0	$0
LISA NIELSEN	EXECUTIVE DIRECTOR	Officer Key Emp	$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	No data	No data	No data	No data
2023	$203,523	$229,315	$689,024	$-25,792
2022	$239,184	$218,832	$705,812	$20,352
2021	$240,874	$148,029	$683,808	$92,845
2020	$201,459	$107,384	$559,599	$94,075
2018	$327,039	$303,413	$476,954	$23,626