Hospice of Salina 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

1993

Legal Domicile

Principal Officer

Joel Phelps

Phone

7858251717

Tax Period

2023-10-01 to 2024-09-30

Hospice of Salina Inc, founded in 1993, is a micro nonprofit in the Human Services sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 277% operating deficit.

Mission

Serve persons with terminal illness and their families, using multidisciplinary team of medical and social service professionals, and provide community outreach by offering grief support groups and end of life education.

Program Service Accomplishments

Program 1

Expenses: $66,003 Revenue: $5

Patient services ceased in August 2023 and the Organization is in the process of winding down.

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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 $16,857

Program Service Revenue $5

Investment Income $5,216

Other Revenue $1,042

TOTAL REVENUE $23,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,730

Fundraising Expenses $0

Program Expenses $66,003

Other Expenses $82,498

TOTAL EXPENSES $87,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,120	$740,430	-1.0%
Expenses	$87,228	$898,850	-0.9%
Net Income	$-64,108	$-158,420	-0.6%

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

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

$1,559,223

Total Directors

$3,669,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Phelps	President - SRHC	0.50	Officer Director	$0	$59,688	$896,133
Joe Tallon	Sec/Treas; CFO - SRHC	0.50	Officer Director	$0	$53,349	$481,423
Brenda Cox	Director/VP - HR SRHC	0.50	Director	$0	$45,922	$362,860
Luanne Smith	Director/VP - CNO SRHC	0.50	Director	$0	$44,254	$423,968
Terry Hauschel	Director/VP - Operations S	0.50	Director	$0	$19,455	$303,157
Robert Freelove	Director/VP - CMO SRHC	0.50	Director	$0	$41,788	$574,366
James Lambert	Vice Chair	0.50	Officer Director	$0	$0	$0
Don Lamb	Director	0.50	Director	$0	$0	$0
Branden Gary	Director	0.50	Director	$0	$0	$0
Sean Herrington MD	Director, Physician - SRHC	0.50	Director	$0	$48,578	$627,274
Amy Wikoff	Executive Director - SRHC	6.00	Officer	$0	$28,534	$181,667

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	$23,120	$87,228	$2,112,296	$-64,108
2023	$740,430	$898,850	$2,378,082	$-158,420
2022	$949,519	$890,291	$2,547,764	$59,228
2021	$905,778	$900,513	$2,494,112	$5,265
2020	$1,120,194	$1,106,870	$2,453,907	$13,324
2019	$1,092,576	$1,189,365	$2,599,192	$-96,789
2018	$1,515,609	$1,321,576	$2,568,972	$194,033