THE HOSPICE AND PALLIATIVE CARE NE… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

MARGARET FUNK

Phone

4104038063

Tax Period

2023-01-01 to 2023-12-31

THE HOSPICE AND PALLIATIVE CARE NETWORK OF MARYLAND INC, founded in 1983, is a small nonprofit that reported $241K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE HOSPICE AND PALLIATIVE CARE IN ALL SETTINGS AND ADVOCATE FOR QUALITY END OF LIFE CARE.

Program Service Accomplishments

Program 1

Expenses: $43,752

THE ORGANIZATION MONITORS LEGISLATION AND REGULATIONS THAT IMPACT HOSPICE AND PALLIATIVE CARE IN MARYLAND.

Program 2

Expenses: $101,217 Revenue: $46,088

THE ORGANIZATION PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS TO MEET THE NEEDS OF ITS MEMBERS.

Program 3

Expenses: $91,031

THE ORGANIZATION PROVIDES INFORMATION AND REFERRAL SERVICES FOR CONSUMERS OF HOSPICE AND PALLIATIVE CARE IN MARYLAND. IT ALSO PROVIDES TECHNICAL ASSISTANCE TO ITS MEMBERS.

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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 $194,752

Program Service Revenue $46,088

Investment Income $-332

Other Revenue $0

TOTAL REVENUE $240,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,399

Fundraising Expenses $0

Program Expenses $236,000

Other Expenses $101,278

TOTAL EXPENSES $249,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,508	$217,855	+0.1%
Expenses	$249,677	$260,697	0.0%
Net Income	$-9,169	$-42,842	-0.8%

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

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

$110,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER GUERIERI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERNESTO LOPEZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHRIS CHEKOURAS	TREASURER	2.00	Officer Director	$0	$0	$0
LOUISE KNIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
REGINA BODNAR	DIRECTOR	2.00	Director	$0	$0	$0
TIM COX	DIRECTOR	2.00	Director	$0	$0	$0
CATHY HAMEL	DIRECTOR	2.00	Director	$0	$0	$0
MONICA ESCALANTE	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER PLUDE	DIRECTOR	2.00	Director	$0	$0	$0
ERIC BUSH	DIRECTOR	2.00	Director	$0	$0	$0
KARA RAWLINGS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA CHIU	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN GOLDSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN CANNONE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL BRADY	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET FUNK	EXECUTIVE DI	40.00	Officer	$110,659	$0	$110,659

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	$240,508	$249,677	$43,406	$-9,169
2022	$217,855	$260,697	$83,033	$-42,842
2021	$275,319	$253,210	$85,232	$22,109
2020	$228,784	$228,660	$77,831	$124
2019	$271,635	$259,587	$107,639	$12,048
2018	$230,155	$237,244	$112,227	$-7,089

THE HOSPICE AND PALLIATIVE CARE NETWORK OF MARYLAND INC