HOPEHEALTH HOSPICE & PALLIATIVE CARE (EIN 510192422) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

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 (SEE SCHEDULE O) EXPERIENCING SERIOUS ILLNESS AND LOSS.

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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 $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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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

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

$864,346

Total Directors

Key Employees

$486,666

Highest Compensated

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

HOPEHEALTH HOSPICE & PALLIATIVE CARE