Itasca Hospice Foundation (EIN 411375722) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Phone

2183267062

Tax Period

2023-01-01 to 2023-12-31

Itasca Hospice Foundation, founded in 1979, is a micro nonprofit in the Human Services sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $64K exceeded revenue, resulting in a 1016% operating deficit.

Mission

Mission of Itasca Hospice Foundation is to assure quality care by meeting the unmet needs of hospice patients, their families, and funding education opportunities for staff and volunteers.

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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 $5,375

Program Service Revenue $0

Investment Income $319

Other Revenue $0

TOTAL REVENUE $5,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,060

Fundraising Expenses $0

Program Expenses $44,744

Other Expenses $26,494

TOTAL EXPENSES $63,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,694	$37,439	-0.8%
Expenses	$63,554	$85,552	-0.3%
Net Income	$-57,860	$-48,113	+0.2%

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

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
Sharri Anderson	Executive Director	30.00		$34,375	$0	$34,375
Sandy Harling	Director	1.00	Director	$0	$0	$0
Bob Dolan	Director	1.00	Director	$0	$0	$0
Greg Passard	President	2.00	Officer	$0	$0	$0
Sheila Lund	Secretary	1.00	Officer	$0	$0	$0
Dan Virden	Treasurer	2.00	Officer	$0	$0	$0
Dave Huso	Vice President	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
2023	$5,694	$63,554	$813,137	$-57,860
2022	$37,439	$85,552	$867,167	$-48,113
2021	$53,801	$109,371	$915,963	$-55,570
2020	$65,618	$127,642	$971,367	$-62,024
2019	$37,044	$109,750	$1,032,204	$-72,706

Itasca Hospice Foundation