FRIENDS OF HOSPICE HOUSE INC

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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

2003

Legal Domicile

Principal Officer

MARIA RIVERA

Phone

4135490115

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HOSPICE HOUSE INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $3.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE HOSPICE OF THE FISHER HOME IS TO PROVIDE EXPERT END-OF-LIFE CARE WITH PROFOUNDLY INDIVIDUALIZED HOLISTIC SUPPORT. THE HOSPICE CARES FOR AND RESPECTS EVERY RACE, RELIGION, COLOR, CREED, GENDER, SEXUAL ORIENTATION, NATIONAL ORIGIN AND SOCIOECONOMIC STATUS.

Program Service Accomplishments

Program 1

Expenses: $2,462,491 Revenue: $2,090,357

THE HOSPICE OF THE FISHER HOME IS PROUD TO BE RATED BY MEDICARE AS THE ONLY FIVE-STAR HOSPICE IN WESTERN MASS. THE HOSPICE'S LOVING STAFF CARES FOR END-OF-LIFE PATIENTS IN HAMPSHIRE, HAMDEN, AND...

THE HOSPICE OF THE FISHER HOME IS PROUD TO BE RATED BY MEDICARE AS THE ONLY FIVE-STAR HOSPICE IN WESTERN MASS. THE HOSPICE'S LOVING STAFF CARES FOR END-OF-LIFE PATIENTS IN HAMPSHIRE, HAMDEN, AND FRANKLIN COUNTIES. THE HOSPICE IS PASSIONATE ABOUT HELPING PATIENTS AND THEIR FAMILIES NAVIGATE THEIR END-OF-LIFE. CARE IS PROVIDED IN VARIOUS SETTINGS, WHETHER IN THE PATIENT'S HOME OR AT THE HOSPICE'S 9 BED RESIDENCE IN AMHERST; THE ONLY HOSPICE RESIDENCE IN WESTERN MASS. FOR THE LAST 15 YEARS THE HOSPICE HAS OPERATED THE HOSPICE SHOP OF THE FISHER HOME. THE HOSPICE SHOP SELLS DONATED CLOTHING AND GOODS. ALL PROCEEDS ARE USED TO SUPPORT HOSPICE CARE. CONTINUED ON SCHEDULE OIN 2023, IN ORDER TO ENSURE PATIENT AND STAFF SAFETY, THE HOSPICE OF THE FISHER HOME ELECTED TO CEASE ITS RESIDENTIAL CARE FOR THREE MONTHS TO UNDERTAKE CRITICAL INFRASTRUCTURE PROJECTS.

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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 $745,023

Program Service Revenue $2,090,357

Investment Income $42,886

Other Revenue $78,995

TOTAL REVENUE $2,957,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,362,182

Fundraising Expenses $125,050

Program Expenses $2,462,491

Other Expenses $996,512

TOTAL EXPENSES $3,358,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,957,261	$3,117,978	-0.1%
Expenses	$3,358,694	$3,331,083	+0.0%
Net Income	$-401,433	$-213,105	+0.9%

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

$219,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA RIVERA	EXECUTIVE DIRECTOR	40.00	Officer	$108,777	$23,072	$131,849
ADAM GLICK	DIRECTOR OF FINANCE	40.00	Officer	$87,168	$0	$87,168
ANITA SARRO	PRESIDENT/CHAIR OF BOARD	2.00	Officer Director	$0	$0	$0
JANINE KENT	TREASURER	2.00	Officer Director	$0	$0	$0
STACEY WENCZEL	CLERK	2.00	Officer Director	$0	$0	$0
BENJAMIN VIENS	VICE PRESIDENT (AS OF 4/23)	1.00	Officer Director	$0	$0	$0
DINA STANDER	DIRECTOR	1.00	Director	$0	$0	$0
DIANA MARIE PRESTON	DIRECTOR (JOINED 4/23)	1.00	Director	$0	$0	$0
MARY FAGO	DIRECTOR (JOINED 9/23)	1.00	Director	$0	$0	$0
MISTY LYONS	DIRECTOR (JOINED 12/23)	1.00	Director	$0	$0	$0
DEBORAH T JANKOWSKI	VICE PRESIDENT (UNTIL 4/23)	1.00	Officer Director	$0	$0	$0
KIM ALLI	CLERK (UNTIL 12/23)	2.00	Officer Director	$0	$0	$0
DAVID ARTZEROUNIAN MD	DIRECTOR (UNTIL 12/23)	1.00	Director	$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	No data	No data	No data	No data
2023	$2,957,261	$3,358,694	$2,228,697	$-401,433
2023	$2,957,261	$3,358,694	$2,228,697	$-401,433
2022	$3,314,676	$3,331,083	$2,472,171	$-16,407
2022	$3,117,978	$3,331,083	$2,472,171	$-213,105
2021	$3,920,435	$3,140,901	$2,423,645	$779,534
2020	$3,217,063	$3,298,697	$1,731,750	$-81,634
2019	$3,181,375	$3,165,552	$1,817,983	$15,823
2019	$3,276,743	$3,142,858	$1,823,105	$133,885
2018	$2,439,680	$2,760,078	$1,670,878	$-320,398