Hospice Choice Inc (EIN 541688215) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Phone

2766797212

Tax Period

2024-01-01 to 2024-12-31

Hospice and Palliative Care of VA, founded in 1993, is a small nonprofit that reported $695K in total revenue in fiscal year 2019. Revenue decreased 7% compared to the prior year. Expenses of $664K left a modest 4% surplus.

Mission

Care for terminal patients

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,050

Program Service Revenue $611,266

Investment Income $0

Other Revenue $33,881

TOTAL REVENUE $646,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,021

Fundraising Expenses $0

Program Expenses $419,667

Other Expenses $197,553

TOTAL EXPENSES $678,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,197	$683,080	-0.1%
Expenses	$678,574	$729,388	-0.1%
Net Income	$-32,377	$-46,308	-0.3%

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

N/A

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

Total Directors

Key Employees

$16,538

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sherry A Adams	President	20.00	Key Emp	$16,538	$0	$16,538
Phillip Bates	Trustee	0.00	Director	$0	$0	$0
Ben F Sergent	Trustee	0.00	Director	$0	$0	$0
Barbara Farmer	Trustee	0.00	Director	$0	$0	$0
Norman Clark	Trustee	0.00	Director	$0	$0	$0
Jim Collie	Trustee	0.00	Director	$0	$0	$0
Lu Ellsworth	Chairman	0.00	Officer	$0	$0	$0
Kerry Hay	Secretary	0.00	Officer	$0	$0	$0
Lee Kidd	Vice Chairman	0.00	Officer	$0	$0	$0

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	$646,197	$678,574	$98,506	$-32,377
2023	$683,080	$729,388	$130,000	$-46,308
2022	$679,891	$651,931	$309,495	$27,960
2021	$681,423	$660,785	$258,502	$20,638
2020	$685,939	$649,251	$226,449	$36,688
2019	$694,647	$663,659	$166,471	$30,988

Hospice Choice Inc