HOSPICE ALLIANCE INC

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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

MYLES MULLIKIN

Phone

2626524400

Tax Period

2024-01-01 to 2024-12-31

HOSPICE ALLIANCE INC, founded in 1981, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $8.1M left a modest 8% surplus.

Mission

HOSPICE ALLIANCE HAS SERVED OVER 8,000 TERMINALLY ILL PATIENTS AND THEIR FAMILIES SINCE 1981 SERVICING KENOSHA, EASTERN WALWORTH, AND RACINE COUNTIES. HOSPICE ALLIANCE REMAINS COMMITTED TO CARING FOR THE TERMINALLY ILL AND EMPOWERING THOSE WHO SUPPORT THEM. INCORPORATED IN 1981 IN KENOSHA, WISCONSIN, HOSPICE ALLIANCE, INC. WAS ESTABLISHED BY A GROUP OF COMMUNITY CITIZENS THAT WERE CONCERNED WITH THE LACK OF END OF LIFE CARE AVAILBLE TO TERMINALLY ILL PERSONS AND THEIR FAMILIES. THESE COMMUNITY CITIZENS BELIEVED THAT IF TERMINALLY ILL PEOPLE WERE GIVEN A CHOICE AS TO WHERE THEY WOULD LIKE TO BE, IT WOULD BE IN THEIR HOME SURROUNDED BY THE PEOPLE AND THINGS THEY LOVE. HOSPICE ALLIANCE, INC. LIVES THIS MISSION DAILY THROUGH COMMITMENT, COMPASSION, AND CHOICES. HOSPICE ALLIANCE, INC. PROVIDES CARE IN THE FOLLOWING SETTINGS: 1. IN THE PATIENT'S HOME, SURROUNDED BY THE PEOPLE AND THINGS THEY LOVE. THIS CHOICE ALLOWS FAMILY AND FRIENDS TO SUPPORT THEIR LOVED ONE IN COMFORT AND PRIVACY. 2. IN

Program Service Accomplishments

Program 1

Expenses: $6,498,705 Revenue: $8,617,646

HOSPICE ALLIANCE PROVIDED OVER 50,000 DAYS OF SERVICE INCLUDING RESIDENTIAL HOSPICE CARE IN OUR HOSPICE HOUSE.

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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 $0

Program Service Revenue $8,617,646

Investment Income $42,114

Other Revenue $157,605

TOTAL REVENUE $8,817,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,616,824

Fundraising Expenses $0

Program Expenses $6,498,705

Other Expenses $2,509,966

TOTAL EXPENSES $8,126,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,817,365	$7,473,233	+0.2%
Expenses	$8,126,790	$7,633,078	+0.1%
Net Income	$690,575	$-159,845	-5.3%

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

120

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
RITA HAGEN	EXECUTIVE DIRECTOR	45.00		$173,260	$5,591	$178,851
AMY GARDINIER	PATIENT CARE PROF.	40.00		$123,464	$3,681	$127,145
BRENDA SHAFF	DIR. OF EMP&ORG	40.00		$115,713	$3,434	$119,147
JENNIFER BINGHAM	DIR. CLINICAL SVCS	40.00		$112,001	$3,336	$115,337
ABDUL DURRANI	PHYSICIAN	40.00		$114,330	$0	$114,330
SANDY RIESE	Director	1.00	Director	$0	$0	$0
JOYCE RINEHART	Director	1.00	Director	$0	$0	$0
JOHN PLOUS	Vice President	1.00	Officer Director	$0	$0	$0
CINDY FRANKE	Director	1.00	Director	$0	$0	$0
SHERYL MUELLER	Director	1.00	Director	$0	$0	$0
MYLES MULLIKIN	President	1.00	Officer Director	$0	$0	$0
NANCY RETANA	Director	1.00	Director	$0	$0	$0
CONNIE COVEY	Director	1.00	Director	$0	$0	$0
WILLIAM KATT	Treasurer	1.00	Officer Director	$0	$0	$0
KATIE LACHELL	Director	1.00	Director	$0	$0	$0
MICHAEL COLEMAN	Director	1.00	Director	$0	$0	$0
LAURA BURNETT SHOEMAKE	Director	1.00	Director	$0	$0	$0
RACHAEL PROKO VIOLA	Director	1.00	Director	$0	$0	$0
RICHARD REGNER	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	$8,817,365	$8,126,790	$6,435,756	$690,575
2023	$7,473,233	$7,633,078	$5,882,677	$-159,845
2022	$7,872,465	$7,705,475	$4,830,617	$166,990
2021	$8,328,182	$7,082,458	$4,572,721	$1,245,724
2020	$7,493,764	$6,943,327	$3,703,349	$550,437
2019	$7,719,319	$7,505,168	$2,706,775	$214,151
2018	$7,214,378	$7,384,103	$2,485,349	$-169,725