DENVER, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HCYN INC, founded in 2014, is a small nonprofit that reported $316K in total revenue in fiscal year 2021. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $248K, a strong 79% operating margin.
HCYN, INC. IS COMMITTED TO A STANDARD OF EXCELLENCE IN PROVIDING SENSITIVE, PATIENT-CENTERED HEALTH CARE TO HOSPICE PATIENTS AND FAMILIES.
HOSPICE CARE IS DISTINGUISHED FROM TRADITIONAL CARE BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) AS END OF LIFE CARE THAT DOES NOT INCLUDE CURATIVE MEASURERS FOR THOSE WITH LIFE-LIMITING...
HOSPICE CARE IS DISTINGUISHED FROM TRADITIONAL CARE BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) AS END OF LIFE CARE THAT DOES NOT INCLUDE CURATIVE MEASURERS FOR THOSE WITH LIFE-LIMITING ILLNESSES AND GIVEN A PROGNOSIS OF LESS THAN SIX MONTHS TO LIVE. THE INTER-DISCIPLINARY TEAM INCLUDES A PHYSICIAN, REGISTERED NURSE, CHAPLAIN, AND SOCIAL WORKER. PATIENTS INCLUDE THOSE WHO QUALIFY FOR MEDICARE AND MEDICAID AND OTHER VARIOUS INSURANCE PROGRAMS, AS WELL AS THOSE WHO ARE UNDERINSURED AND UNINSURED, VETERANS AND CHILDREN. HALCYON HOSPICE ALSO RUNS A PALLIATIVE CARE PROGRAM, WHICH COORDINATES CARE AND SERVICES FOR PEOPLE COPING WITH CHRONIC ILLNESS AND ASSISTS INDIVIDUALS DURING THE TIMES OF TRANSITION THROUGH AN INTEGRATED PERSONALIZED CARE PLAN AND 24-7 SUPPORT. THIS TYPE OF PALLIATIVE CARE IS AVAILABLE BEFORE A PATIENT IS ELIGIBLE FOR HOSPICE CARE. PALLIATIVE CARE (1) RELIEVES PAIN AND OTHER SYMPTOMS, (2) INCREASES COMFORT FOR PATIENTS AND MAY INCLUDE CURATIVE MEASURES, AND (3) PROVIDES PRACTICAL ASSISTANCE FOR PATIENTS AND CAREGIVERS AT HOME.AS A RESULT OF FINANCIAL DECLINE ARISING FROM CIRCUMSTANCES ASSOCIATED WITH THE COVID-19 PANDEMIC, HYNC. OFFICIALLY CEASED OPERATIONS ON AUGUST 5, 2020. THE ORGANIZATION WAS OFFICIALLY DISSOLVED ON JULY 1, 2021 UPON FILING THE ARTICLES OF DISSOLUTION WITH THE COLORADO SECRETARY OF STATE. FOR THE REMAINING MONTHS FOLLOWING THE DISSOLUTION, THE ORGANIZATION CONTINUED ITS PROCESS OF WINDING DOWN AND CLOSING THE ORGANIZATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $315,755 | $10,587,030 | -1.0% |
| Expenses | $67,469 | $6,168,899 | -1.0% |
| Net Income | $248,286 | $4,418,131 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREA COLEMAN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY BETH SAVORY | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL MCKEE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF KIPP | TREASURER (THRU 1/21) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANA HUNTSMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE LIBBY | DIRECTOR (THRU 1/21) | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIA MONTOYA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA PRICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $315,755 | $67,469 | No data | $248,286 |
| 2019 | $15,928,514 | $16,795,926 | $3,239,114 | $-867,412 |
| 2018 | $20,024,505 | $19,004,937 | $9,600,856 | $1,019,568 |
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