HOPEHEALTH HOSPICE & PALLIATIVE CARE

EIN: 510192422 501(c)(3) Human Services

PROVIDENCE, RI

Total Revenue
$86,975,044
Total Expenses
$82,792,897
Total Assets
$64,118,665
Net Assets
$32,850,418
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
RI
Principal Officer
DIANA FRANCHITTO
Phone
4014154200
Tax Period
2023-10-01 to 2024-09-30

HOPEHEALTH HOSPICE & PALLIATIVE CARE, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $87.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $82.8M left a modest 5% surplus.

Mission

PROVIDE SERVICES TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES, AS WELL AS THOSE EXPERIENCING SERIOUS ILLNESS AND LOSS.

Program Service Accomplishments

Program 1
Expenses: $72,446,738 Revenue: $83,367,178

HOPEHEALTH HOSPICE & PALLIATIVE CARE (HHHPC) IS THE SECOND-OLDEST HOSPICE IN THE NATION AND THE LARGEST AND MOST EXPERIENCED HOSPICE AND PALLIATIVE CARE AGENCY IN RHODE ISLAND. THE AGENCY PROVIDES...

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HOPEHEALTH HOSPICE & PALLIATIVE CARE (HHHPC) IS THE SECOND-OLDEST HOSPICE IN THE NATION AND THE LARGEST AND MOST EXPERIENCED HOSPICE AND PALLIATIVE CARE AGENCY IN RHODE ISLAND. THE AGENCY PROVIDES QUALITY, COMPASSIONATE HEALTH CARE TO PEOPLE FACING THE ADVANCED STAGES OF SERIOUS ILLNESS.(SEE SCHEDULE O)WE HAVE THE PRIVILEGE TO CARE FOR PATIENTS AT END OF LIFE. PROVIDING A WELCOMING AND WARM ATMOSPHERE IS AT THE CORE OF OUR CARE PHILOSOPHY. HOPEHEALTH CONTINUES TO TAKE ALL NECESSARY PRECAUTIONS TO KEEP OUR PATIENTS AND EMPLOYEES SAFE.HHHPC OFFERS A COMPREHENSIVE SCOPE OF MEDICAL AND PSYCHOSOCIAL SERVICES AND BRINGS PEACE, DIGNITY, AND COMFORT TO PATIENTS AND THEIR FAMILIES INCLUDING BEREAVEMENT SUPPORT TO FAMILIES ABOVE AND BEYOND THE TIME FRAME REQUIRED AFTER A PATIENT'S DEATH. HHHPC HAS SERVED THE COMMUNITY FOR OVER 40 YEARS AND OWNS AND OPERATES THE ONLY FREE-STANDING HOSPICE INPATIENT CENTER IN THE STATE, THE PHILIP HULITAR HOSPICE CENTER, IN PROVIDENCE. THE AGENCY ALSO OFFERS PALLIATIVE CARE SERVICES, DESIGNED TO PROVIDE CONSULTATION SERVICES AT THE REQUEST OF PHYSICIANS AND OTHER HEALTH CARE PROVIDERS FOR MANAGING THE PAIN AND CARE OF PATIENTS WITH COMPLEX MEDICAL CONDITIONS, MANY OF WHICH ARE NOT HOSPICE PATIENTS.THESE PROGRAMS, WHICH ARE OFFERED TO PATIENTS REGARDLESS OF THEIR INSURANCE COVERAGE, HISTORICALLY HAVE BEEN SIGNIFICANTLY UNDERFUNDED BY GOVERNMENTAL AND NON GOVERNMENTAL PAYORS. HHHPC PROVIDES SERVICES REGARDLESS OF A PATIENT'S ABILITY TO PAY, MAKING CHARITY CARE AND FINANCIAL ASSISTANCE AVAILABLE TO PATIENTS WITH LIMITED OR NO FINANCIAL RESOURCES BASED ON THE AGENCY'S SLIDING-SCALE PROGRAM.OUR PHYSICIANS, WHO MAKE HOME, NURSING HOME AND HOSPITAL VISITS, ARE NATIONALLY RECOGNIZED FOR THEIR CUTTING-EDGE ACADEMIC RESEARCH AND EXPERTISE IN HOSPICE AND PALLIATIVE CARE. THE ORGANIZATION HAS NURSES AND SOCIAL WORKERS WHO WORK 24 HOURS A DAY AND RESPOND READILY TO URGENT PATIENT AND FAMILY NEEDS. FREE CONSULTATIONS ARE OFFERED TO PATIENTS AND FAMILIES AT ANY TIME AND WHEREVER THEY CHOOSE.A VARIETY OF COMPLEMENTARY SERVICES ARE OFFERED THROUGH HHHPC'S ROBUST VOLUNTEER PROGRAM INCLUDING PET THERAPY, REIKI, MASSAGE AND MUSIC THERAPIES, TO PATIENTS AND FAMILY MEMBERS IN COMBINATION WITH TRADITIONAL MEDICAL THERAPIES. THE AGENCY HAS ADOPTED THE HIGHEST STANDARDS IN HOSPICE AND PALLIATIVE CARE, AS VALIDATED BY ITS ACCREDITATION FROM THE COMMUNITY HEALTH ACCREDITATION PROGRAM (CHAP), AND IT WAS NAMED A 2014 HOSPICE HONORS RECIPIENT, RECOGNIZING THE AGENCY AS ONE OF THE TOP HOSPICE AGENCIES IN THE COUNTRY FOR FAMILY SATISFACTION. HHHPC IS THE MAJOR TEACHING AFFILIATE FOR HOSPICE AND PALLIATIVE MEDICINE OF THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY, AS WELL AS AN EDUCATION SITE FOR URI COLLEGES OF NURSING AND PHARMACY AND THE RHODE ISLAND COLLEGES OF NURSING AND SOCIAL WORK.NUMEROUS SPECIAL EVENTS, SUCH AS THE SPRING CELEBRATION OF REMEMBRANCE AND LIGHT UP A LIFE TREE LIGHTINGS WERE HELD THROUGHOUT THE YEAR FOR THE BENEFIT OF CURRENT AND FORMER FAMILY MEMBERS OF PATIENTS CARED FOR BY HHHPC, AS WELL AS THE GENERAL COMMUNITY. NUMEROUS BEREAVEMENT AND SUPPORT GROUPS ARE OFFERED TO CURRENT FAMILIES, FAMILY MEMBERS OF FORMER PATIENTS, AND THE GENERAL COMMUNITY AT LARGE, INCLUDING CAMP BRAVEHEART, A FREE, TWO-DAY SUMMER CAMP FOR GRIEVING CHILDREN AND TEENS. OTHER SUPPORT PROGRAMS INCLUDE A BROAD ARRAY OF BEREAVEMENT SUPPORT GROUPS FOR A VARIETY OF AGES AND LIFE STAGES. THE AGENCY MANAGES AND SUPPORTS A STRONG VOLUNTEER SERVICES PROGRAM STAFFED BY A DEDICATED MANAGER AND STAFF OF VOLUNTEER COORDINATORS. IN FY 2024, 228 NEW VOLUNTEERS WERE TRAINED. VOLUNTEERS OFFERED AN ARRAY OF SERVICES FROM ADMINISTRATIVE SUPPORT TO COMPLEMENTARY SERVICES FOR A TOTAL OF 15,890 VOLUNTEER HOURS DURING THE FISCAL YEAR.HHHPC SPEAKER'S BUREAU OFFERED VARIOUS EDUCATIONAL AND COMMUNITY SUPPORT PRESENTATIONS DESIGNED TO MEET VARIOUS COMMUNITY NEEDS BY PROVIDING EDUCATIONAL OPPORTUNITIES. THIS PROGRAM PROVIDED SPEAKERS AT NO CLOST TO CLUBS, ORGANIZATIONS, FAITH-BASED GROUPS, SENIOR CENTERS, AND OTHER INTERESTED AUDIENCES. OTHER UNFUNDED COMMUNITY SUPPORT ACTIVITIES INCLUDED VARIOUS EDUCATIONAL SEMINARS AND WORKSHOPS OFFERED BY THE AGENCY'S LIAISON STAFF, BEREAVEMENT COUNSELORS, PHYSICIANS AND REGISTERED NURSE PRACTITIONERS. AGENCY STAFF ALSO MET WITH POTENTIAL PATIENTS AND FAMILY MEMBERS ON AN UNREIMBURSED BASIS, PROVIDING EDUCATION AND INFORMATION ON HOSPICE AND OTHER HEALTH CARE SUPPORT OPTIONS.BEYOND SERVICES PROVIDED TO HHHPC'S PATIENTS AND FAMILIES, MEMBERS OF THE AGENCY'S LEADERSHIP AND STAFF PROVIDED COMMUNITY LEADERSHIP IN A VARIETY OF WAYS FROM SERVING ON LOCAL NOT-FOR-PROFIT BOARDS AND PARTICIPATING IN OTHER COMMUNITY AND HEALTH FORUMS.AS PART OF ITS WE HONOR VETERAN'S PROGRAM, THE ORGANIZATION PROVIDES EDUCATION TO STAFF AND COMMUNITY MEMBERS ON THE UNIQUE NEEDS OF VETERAN'S RECEIVING HOSPICE SERVICES. THE ORGANIZATION'S JOINED IN CARE: DEMENTIA PROGRAM EDUCATION SERVICES PROVIDES INFORMATION AND COPING STRATEGIES TO CAREGIVERS, STAFF AND COMMUNITY MEMBERS ON THE UNIQUE NEEDS OF INDIVIDUALS WITH ADVANCED DEMENTIA WHO ARE RECEIVING HOSPICE SERVICES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,485,683
Program Service Revenue $83,270,522
Investment Income $995,419
Other Revenue $223,420
TOTAL REVENUE $86,975,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,005,232
Fundraising Expenses $350,476
Program Expenses $72,446,738
Other Expenses $42,787,665
TOTAL EXPENSES $82,792,897

Year-over-Year Comparison

2023 2022 Change
Revenue $86,975,044 $80,234,134 +0.1%
Expenses $82,792,897 $89,076,333 -0.1%
Net Income $4,182,147 $-8,842,199 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
508
Volunteers
272

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
5
$864,346
Total Directors
26
$0
Key Employees
1
$486,666
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH ARNOLD DIRECTOR 0.12
Director
$0 $0 $0
GEORGE BABCOCK DIRECTOR 0.06
Director
$0 $0 $0
CARIE BAILEY DIRECTOR 0.12
Director
$0 $0 $0
JEFFREY BRADLEY DIRECTOR 0.14
Director
$0 $0 $0
JANET COOPER NELSON REV DIRECTOR 0.12
Director
$0 $0 $0
DEBORAH CORNWALL DIRECTOR 0.14
Director
$0 $0 $0
BARBARA COTTAM DIRECTOR (LEFT 12/2023) 0.03
Director
$0 $0 $0
KWAME DAPAAH-AFRIYIE DIRECTOR 0.09
Director
$0 $0 $0
SUSAN DESANTO-MADEYA DIRECTOR 0.14
Director
$0 $0 $0
MICHAEL DISANDRO DIRECTOR 0.14
Director
$0 $0 $0
RUTH FAIN DIRECTOR 0.14
Director
$0 $0 $0
PETER KARCZMAR MD DIRECTOR 0.09
Director
$0 $0 $0
KEITH KELLY CHAIR 0.09
Officer Director
$0 $0 $0
AUDREY KYDD DIRECTOR 0.14
Director
$0 $0 $0
MAYER LEVITT DIRECTOR 0.12
Director
$0 $0 $0
CHRIS MARSELLA DIRECTOR 0.09
Director
$0 $0 $0
THERESA MOORE DIRECTOR 0.12
Director
$0 $0 $0
VINCENT MOR DIRECTOR 0.14
Director
$0 $0 $0
MICHAEL MURPHY DIRECTOR (LEFT 12/2023) 0.06
Director
$0 $0 $0
MARCIA NEIBURG DIRECTOR (START 12/2023) 0.12
Director
$0 $0 $0
ARTHUR ROBBINS DIRECTOR (LEFT 2/2024) 0.09
Director
$0 $0 $0
FRED SCHIFFMAN MD DIRECTOR (LEFT 12/2023) 0.06
Director
$0 $0 $0
STEPHEN SOSCIA TREASURER 0.12
Officer Director
$0 $0 $0
PAUL STAJDUHAR DIRECTOR 0.14
Director
$0 $0 $0
MARK TRACY SECRETARY 0.14
Officer Director
$0 $0 $0
MARK YOUNG DIRECTOR 0.12
Director
$0 $0 $0
DIANA FRANCHITTO PRESIDENT & CEO 28.83
Officer
$0 $30,174 $518,909
ADOZINA F KANE CFO (LEFT 6/2024) 22.43
Officer
$0 $35,047 $345,437
EDWARD MARTIN CHIEF MEDICAL OFFICER 30.01
Key Emp
$0 $28,550 $486,666
KEITH COHEN MEDICAL DIRECTOR 34.77
Highest
$271,069 $34,354 $305,423
TAMARA FEINGOLD-LINK PHYSICIAN 36.00
Highest
$244,712 $26,515 $271,227
DANA GUYER SUPERVISOR, LIFESPAN CANCER 33.85
Highest
$281,458 $34,794 $316,252
REBECCA MACDONELL-YILMAZ PHYSICIAN 35.54
Highest
$272,743 $27,285 $300,028
BRIAN D MIKOLASKO PHYSICIAN 37.15
Highest
$249,146 $26,047 $275,193
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
2024 $86,975,044 $82,792,897 $64,118,665 $4,182,147
2023 $80,234,134 $89,076,333 $48,468,538 $-8,842,199
2022 $72,615,190 $71,509,176 $77,592,188 $1,106,014
2021 $71,503,436 $66,300,751 $65,001,327 $5,202,685
2020 $65,509,609 $62,568,013 $53,672,401 $2,941,596
2019 $54,948,438 $53,008,864 $40,161,215 $1,939,574
2018 $51,250,789 $48,954,996 $39,434,218 $2,295,793
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