HOSPICE OF THE CHESAPEAKE INC (EIN 521181448) - 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

1979

Legal Domicile

Principal Officer

BECKY MILLER

Phone

4109872003

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF THE CHESAPEAKE INC, founded in 1979, is a mid-sized nonprofit that reported $37.8M in total revenue in fiscal year 2023. Expenses of $42.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN OUR COMMUNITIES EXPERIENCING ADVANCED ILLNESS OR BEREAVEMENT THROUGH HOSPICE AND OTHER PALLATIVE CARE, COMPASSIONATE SUPPORT AND EDUCATION.

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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 $37,618,515

Investment Income $134,621

Other Revenue $59,798

TOTAL REVENUE $37,812,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,806,093

Fundraising Expenses $0

Program Expenses $37,852,981

Other Expenses $17,729,684

TOTAL EXPENSES $42,535,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,812,934	$38,956,871	0.0%
Expenses	$42,535,777	$42,443,561	+0.0%
Net Income	$-4,722,843	$-3,486,690	+0.4%

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

462

Volunteers

126

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

$1,190,055

Total Directors

$286,333

Key Employees

$333,419

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BRADY	CHIEF EXECUTIVE OFFICER	30.00	Officer Director	$268,823	$17,510	$286,333
BRIAN GIBBONS	DIRECTOR	2.00	Director	$0	$0	$0
NANCY SMIT	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL DESTEFANO	DIRECTOR	2.00	Director	$0	$0	$0
JOYCE R PHILLIP	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES BAGLEY IV	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BELCHER	DIRECTOR	2.00	Director	$0	$0	$0
NOEL CERVINO	DIRECTOR	2.00	Director	$0	$0	$0
JOANN DECESARIS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HUMPHREY	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
THERESA K HUSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
SUE HUFF	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID HUNT	DIRECTOR	2.00	Director	$0	$0	$0
REV DR JAMES KIRK	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
PATRICIA LEHMANN	SECRETARY	2.00	Director	$0	$0	$0
TIM MCDONOUGH	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG MUCKLE	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA O'HERLIHY	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
EDITH PATTERSON	DIRECTOR	2.00	Director	$0	$0	$0
SHELLEY GROSS-WADE	DIRECTOR	2.00	Director	$0	$0	$0
GREG KERNAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WENG	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD WILDER	DIRECTOR	2.00	Director	$0	$0	$0
ALBERT ZANGER	TREASURER	2.00	Officer Director	$0	$0	$0
JASON CHERRY	DIRECTOR	2.00	Director	$0	$0	$0
MARNY FETZER	CHIEF MEDICAL OFFICER	40.00	Officer	$156,512	$5,929	$162,441
REBECCA MILLER	CHIEF OPERATING OFFICER	40.00	Officer	$254,991	$15,933	$270,924
SHAUNA CHABOT	CHIEF ADVANCEMENT OFFICER	1.00	Officer	$231,456	$7,144	$238,600
GERALD HILL	CHIEF FINANCIAL OFFICER	40.00	Officer	$216,199	$15,558	$231,757
LISA GRIFFEE	VP OF QUALITY	40.00	Key Emp	$155,623	$13,762	$169,385
BRAIN BERGER	VP OF CONTINUUM OF CARE	40.00	Key Emp	$152,507	$11,527	$164,034
GAYLE WHITMER	PHYSICIAN	40.00	Highest	$259,462	$6,515	$265,977
SUSIE KIM	PHYSICIAN	40.00	Highest	$236,188	$16,158	$252,346
RACHEL SHERMAN	DIRECTOR OF NURSEING	40.00	Highest	$148,570	$21,924	$170,494
KRISTIN WILLIAMS	VP OF HOSPICE OPERATIONS	40.00	Highest	$147,540	$11,586	$159,126
JASMINE CREW	DIRECTOR OF CLINICAL INTEGRATION	40.00	Highest	$146,409	$3,927	$150,336

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	No data	No data	No data	No data
2023	$37,812,934	$42,535,777	$25,281,349	$-4,722,843
2023	No data	No data	No data	No data
2022	$38,956,871	$41,785,019	$30,085,130	$-2,828,148
2022	$38,956,871	$42,443,561	$29,426,588	$-3,486,690
2021	$43,457,611	$38,510,739	$32,379,002	$4,946,872
2020	$39,615,567	$35,742,665	$31,185,271	$3,872,902
2019	$32,593,382	$34,018,435	$22,793,518	$-1,425,053
2018	$32,037,575	$32,194,421	$24,865,228	$-156,846

HOSPICE OF THE CHESAPEAKE INC