HOSPICE OF WICHITA FALLS INC SUPPO… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

DEREK FRANCIS

Phone

9406910982

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF WICHITA FALLS INC SUPPORT TRUST, founded in 2003, is a small nonprofit in the Human Services sector that reported $188K in total revenue in fiscal year 2023. Revenue surged 360% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 23% operating margin.

Mission

OPERATED FOR THE EXCLUSIVE SUPPORT OF HOSPICE OF WICHITA FALLS, INC., A 501(c)3 ORGANIZATION THAT PROVIDES HOSPICE CARE, SUPPORT, AND BEREAVEMENT SERVICES TO PATIENTS AND THEIR

Program Service Accomplishments

Program 1

Expenses: $123,906 Revenue: $0

HOSPICE OF WICHITA FALLS,INC.SUPPORT TRUST (THE HOSPICE TRUST)WAS CREATED IN AUGUST, 2003 FOR THE PURPOSE OF PROVIDING INCOME FOR GENERAL OPERATING PURPOSES TO HOSPICE OF WICHITA FALLS, INC., A...

HOSPICE OF WICHITA FALLS,INC.SUPPORT TRUST (THE HOSPICE TRUST)WAS CREATED IN AUGUST, 2003 FOR THE PURPOSE OF PROVIDING INCOME FOR GENERAL OPERATING PURPOSES TO HOSPICE OF WICHITA FALLS, INC., A NON-PROFIT ORGANIZATION LOCATED IN WICHITA FALLS, TEXAS. HOSPICE OF WICHITA FALLS, INC. PROVIDES HOSPICE CARE IN RESIDENCES AND IN AN INPATIENT FACILITY TO INDIVIDUALS WITH ANY LIFE LIMITING ILLNESS AND SUPPORT FOR THEIR FAMILIES REGARDLESS OF THE PATIENTS ABILITY TO PAY. HOSPICE OF WICHITA FALLS, INC. ALSO OFFERS SUPPORT AND BEREAVEMENT SERVICES TO THE COMMUNITY AT NO CHARGE. HOSPICE OF WICHITA FALLS, INC.S SERVICE AREA INCLUDES THE CITY OF WICHITA FALLS, AS WELL AS COMMUNITIES IN ELEVEN COUNTIES IN NORTH TEXAS. THE HOSPICE TRUST WILL SERVE AS A FINANCIAL RESOURCE PROVIDING UNRESTRICTED FUNDS TO BE USED IN THE OPERATIONS OF HOSPICE OF WICHITA FALLS, INC.

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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 $0

Program Service Revenue $0

Investment Income $187,586

Other Revenue $0

TOTAL REVENUE $187,586

Expense Breakdown

Grants Paid $123,906

Salaries & Benefits $19,845

Fundraising Expenses $0

Program Expenses $123,906

Other Expenses $1,250

TOTAL EXPENSES $145,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,586	$40,755	+3.6%
Expenses	$145,001	$145,934	0.0%
Net Income	$42,585	$-105,179	-1.4%

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

$124,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMERICAN NATIONAL BANK	TRUSTEE	1.00		$19,845	$0	$19,845
DEREK FRANCIS	TRUSTEE	1.00	Director	$0	$6,228	$124,354
GALE RICHARDSON	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	$187,586	$145,001	$2,105,083	$42,585
2022	$40,755	$145,934	$2,062,498	$-105,179
2021	$322,121	$132,127	$2,167,675	$189,994
2020	$-33,910	$123,518	$1,977,681	$-157,428
2019	$92,808	$117,754	$2,135,109	$-24,946
2018	$228,739	$115,225	$2,160,055	$113,514

HOSPICE OF WICHITA FALLS INC SUPPORT TRUST