HOSPICE OF CHARLES COUNTY INC (EIN 521289626) - 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

1982

Legal Domicile

Principal Officer

BECKY MILLER

Phone

3018615300

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF CHARLES COUNTY INC, founded in 1982, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 22% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN OUR COMMUNITIES EXPERIENCING ADVANCED ILLNESS OR BEREAVEMENT THROUGH HOSPICE AND OTHER SERVICES, 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 $1,250

Program Service Revenue $6,873,629

Investment Income $48,695

Other Revenue $14,289

TOTAL REVENUE $6,937,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,496,663

Fundraising Expenses $1,239

Program Expenses $4,521,990

Other Expenses $2,935,079

TOTAL EXPENSES $5,431,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,937,863	$6,304,000	+0.1%
Expenses	$5,431,742	$6,366,542	-0.1%
Net Income	$1,506,121	$-62,542	-25.1%

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

$1,190,055

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	1.00	Officer Director	$0	$17,510	$286,333
BRIAN GIBBONS	DIRECTOR	2.00	Officer Director	$0	$0	$0
NANCY SMIT	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL DESTEFANO	DIRECTOR	2.00	Officer Director	$0	$0	$0
JOYCE R PHILLIP	DIRECTOR	2.00	Officer Director	$0	$0	$0
JAMES WILBURN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES BAGLEY IV	DIRECTOR	2.00	Director	$0	$0	$0
JOANN DECESARIS	DIRECTOR	2.00	Director	$0	$0	$0
THERESA HUSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
SUE HUFF	VICE CHAIR	2.00	Director	$0	$0	$0
DAVID HUNT	DIRECTOR	2.00	Director	$0	$0	$0
NOEL CERVINO	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA LEHMANN	SECRETARY	2.00	Director	$0	$0	$0
ALBERT ZANGER	TREASURER	2.00	Director	$0	$0	$0
TIM MCDONOUGH	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG MUCKLE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BELCHER	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
JAMES HUMPHREY	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
REV DR JAMES KIRK	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
MARTHA O'HERLIHY	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
RICHARD WILDER	DIRECTOR	2.00	Director	$0	$0	$0
JASON CHERRY	DIRECTOR	2.00	Director	$0	$0	$0
MARNY FETZER	CHIEF MEDICAL OFFICER	1.00	Officer	$0	$5,929	$162,441
REBECCA MILLER	CHIEF OPERATING OFFICER	1.00	Officer	$0	$15,933	$270,924
SHAUNA CHABOT	CHIEF ADVANCEMENT OFFICER	1.00	Officer	$0	$7,144	$238,600
GERALD HILL	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$15,558	$231,757
LISA GRIFFEE	VP OF QUALITY	1.00	Key Emp	$0	$13,762	$169,385
BRIAN BERGER	VP OF CONTINUUM OF CARE	1.00	Key Emp	$0	$11,527	$164,034
GAYLE WHITMER	PHYSICIAN	1.00	Highest	$0	$6,515	$265,977
SUSIE KIM	PHYSICIAN	1.00	Highest	$0	$16,158	$252,346
RACHEL SHERMAN	DIRECTOR OF NURSEING	1.00	Highest	$0	$21,924	$170,494
KRISTIN WILLIAMS	VP OF HOSPICE OPERATIONS	1.00	Highest	$0	$11,586	$159,126
JASMINE CREW	DIRECTOR OF CLINICAL INTEGRATION	1.00	Highest	$0	$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
2023	$6,937,863	$5,431,742	$8,094,776	$1,506,121
2023	$6,937,863	$5,431,742	No data	$1,506,121
2022	$6,304,000	$6,366,542	$7,114,690	$-62,542
2021	$4,732,477	$4,892,515	$7,232,521	$-160,038
2020	$3,291,235	$3,849,800	$5,570,259	$-558,565
2019	$3,159,164	$3,643,129	$4,653,488	$-483,965
2018	$3,332,572	$3,448,061	$4,985,075	$-115,489

HOSPICE OF CHARLES COUNTY INC