N C LITTLE MEMORIAL HOSPICE INC

EIN: 411791216 501(c)(3) Health Care

EDINA, MN

Total Revenue
$2,971,228
Total Expenses
$2,666,699
Total Assets
$5,934,731
Net Assets
$5,760,558
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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
1993
Legal Domicile
MN
Principal Officer
ROBERT SOLHEIM
Phone
9529289394
Tax Period
2024-07-01 to 2025-06-30

N C LITTLE MEMORIAL HOSPICE INC, founded in 1993, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 10% surplus.

Mission

HOSPICE CARE FOR TERMINALLY ILL PATIENTS IN A HOME-LIKE SETTING

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,611,425
Program Service Revenue $1,247,300
Investment Income $112,503
Other Revenue $0
TOTAL REVENUE $2,971,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,098,723
Fundraising Expenses $54,709
Program Expenses $2,298,252
Other Expenses $567,976
TOTAL EXPENSES $2,666,699

Year-over-Year Comparison

2024 2023 Change
Revenue $2,971,228 $2,871,523 +0.0%
Expenses $2,666,699 $2,692,234 0.0%
Net Income $304,529 $179,289 +0.7%
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

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Governance

Voting Members
13
Independent Members
11
Employees
55
Volunteers
80

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
2
$542,909
Total Directors
13
$542,909
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SOLHEIM CO-EXECUTIVE DIRECTOR 40.00
Officer Director
$348,367 $19,000 $367,367
DR JOHN MANION BOARD MEMBER 0.50
Director
$0 $0 $0
MR GEORGE SELTZ BOARD MEMBER 0.50
Director
$0 $0 $0
MR STEPHEN J REMPE BOARD MEMBER 0.50
Director
$0 $0 $0
MR MICHAEL TENNEY TREASURER 0.50
Director
$0 $0 $0
DR ROBERT B TEMPLETON BOARD MEMBER 0.50
Director
$0 $0 $0
DR SANDY M SCHLEY BOARD MEMBER 0.50
Director
$0 $0 $0
MS SUSAN PIHL-NIEDERMAN BOARD MEMBER 0.50
Director
$0 $0 $0
REV RICH PHENOW CO-EXECUTIVE DIRECTOR 40.00
Officer Director
$164,842 $10,700 $175,542
JOELLE SYVERSON BOARD MEMBER 0.50
Director
$0 $0 $0
AILEEN FOLEY BOARD MEMBER 0.50
Director
$0 $0 $0
CRAIG GOLDMAN JD BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN MITCHELL BOARD MEMBER 0.50
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 $2,971,228 $2,666,699 $5,934,731 $304,529
2024 $2,871,523 $2,692,234 $5,393,193 $179,289
2023 $2,821,281 $2,389,396 $4,921,495 $431,885
2022 $2,607,865 $2,162,472 $4,347,750 $445,393
2021 $2,688,384 $2,004,305 $4,170,843 $684,079
2020 $2,330,341 $1,993,055 $3,535,872 $337,286
2019 $2,237,281 $1,965,152 $3,118,492 $272,129
2018 $2,189,548 $1,887,396 $2,739,587 $302,152
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