HOSPICE OF THE CHESAPEAKE FOUNDATION INC (EIN 521457419) - 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

1985

Legal Domicile

Principal Officer

BECKY MILLER

Phone

4109872003

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF THE CHESAPEAKE FOUNDATION INC, founded in 1985, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 77% operating margin.

Mission

TO SUPPORT HOSPICE OF THE CHESAPEAKE, INC., HOSPICE OF CHARLES COUNTY, CALVERT HOSPICE IN THEIR MISSION TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN OUR COMMUNITIES EXPERIENCING ADVANCED ILLNESS OR BEREAVEMENT THROUGH HOSPICE, PALLIATIVE CARE, 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 $6,033,166

Program Service Revenue $0

Investment Income $623,012

Other Revenue $-180,561

TOTAL REVENUE $6,475,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $984,514

Fundraising Expenses $756,793

Program Expenses $386,143

Other Expenses $477,297

TOTAL EXPENSES $1,461,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,475,617	$2,904,667	+1.2%
Expenses	$1,461,811	$1,457,953	+0.0%
Net Income	$5,013,806	$1,446,714	+2.5%

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

N/A

Volunteers

115

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

$756,690

Total Directors

$518,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRAY SLOCUM	DIRECTOR	2.00	Director	$0	$0	$0
JASON CHERRY	CHAIR	2.00	Officer Director	$0	$0	$0
MARY FRANCES ISAKOV	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GERALD HILL	CHEIF FINANCIAL OFFICER	1.00	Officer Director	$0	$15,558	$231,757
MARIA COLUCCIEELLO	DIRECTOR	2.00	Director	$0	$0	$0
CATHY BELCHER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN CAMPION	DIRECTOR	2.00	Director	$0	$0	$0
STACY MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
CHALLIE SAMARAS	DIRECTOR	2.00	Director	$0	$0	$0
AMY CASTLEBERRY	TREASURER	2.00	Officer Director	$0	$0	$0
LIZ FREEDLANDER	DIRECTOR	2.00	Director	$0	$0	$0
RUSS JONES	DIRECTOR	2.00	Director	$0	$0	$0
CAROL KASPER	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
NANCY SMIT	DIRECTOR	2.00	Director	$0	$0	$0
GENE DEEMS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM LOVELACE	DIRECTOR	2.00	Director	$0	$0	$0
PEGGY MCKELLY	DIRECTOR	2.00	Director	$0	$0	$0
KEN STANLEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHEAL BRADY	CHEIF EXECUTIVE OFFICER	10.00	Officer Director	$0	$17,510	$286,333
SUSAN DUNCAN	DIRECTOR	2.00	Director	$0	$0	$0
TONY TOSKOV	DIRECTOR	2.00	Director	$0	$0	$0
PAT TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
SHAUNA CHABOT	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$0	$7,144	$238,600

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	$6,475,617	$1,461,811	$27,350,668	$5,013,806
2023	$6,475,617	$2,731,180	$27,293,204	$3,744,437
2022	$2,904,667	$1,457,953	$22,929,058	$1,446,714
2021	$4,557,977	$1,432,094	$21,964,850	$3,125,883
2020	$4,389,845	$1,274,341	$18,795,845	$3,115,504
2019	$3,126,031	$1,270,162	$15,696,547	$1,855,869
2018	$3,095,354	$1,250,422	$13,002,502	$1,844,932

HOSPICE OF THE CHESAPEAKE FOUNDATION INC