THE CAROLINAS CENTER FOR HOSPICE A… - 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

1977

Legal Domicile

Principal Officer

MARISETTE HASAN

Phone

8035091021

Tax Period

2022-01-01 to 2022-12-31

THE CAROLINAS CENTER FOR HOSPICE AND END OF LIFE CARE, founded in 1977, is a small nonprofit that reported $238K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $494K exceeded revenue, resulting in a 107% operating deficit.

Mission

TO PROVIDE LEADERSHIP, PARTNERSHIP, EDUCATION & RESOURCES TO CHAMPION THE HIGHEST QUALITY END OF LIFE CARE ACROSS EVERY STAGE OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $361,292

PROMOTE HOSPICE CARE BY AIDING THE DEVELOPMENT OF LOCAL HOSPICE PROGRAMS, OFFERING EDUCATION TO HOSPICE STAFF, ADVOCATING IN SUPPORT OF HOSPICE CARE, & PROVIDING TECHNICAL ASSISTANCE & PUBLICATIONS.

Program 2

Expenses: $80,277 Revenue: $70,066

PROVIDED EDUCATION TO OVER 2,000 HEALTH CARE PROFESSIONALS AND VOLUNTEERS THROUGH PROGRAMS RANGING FROM A 3-DAY ANNUAL CONFERENCE TO HALF-DAY SEMINARS TO 60 MINUTE AUDIO CONFERENCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $168,199

Program Service Revenue $77,328

Investment Income $-7,322

Other Revenue $0

TOTAL REVENUE $238,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,858

Fundraising Expenses $0

Program Expenses $441,569

Other Expenses $347,818

TOTAL EXPENSES $493,676

Year-over-Year Comparison

	2022	2021	Change
Revenue	$238,205	$370,791	-0.4%
Expenses	$493,676	$420,757	+0.2%
Net Income	$-255,471	$-49,966	+4.1%

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

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

$115,878

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA ORSKY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBBIE HARE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN FULP	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG ESTES	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNY BRASINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BARKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN MUNDY	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE BLACKMON	SECRETARY	1.00	Director	$0	$0	$0
KIMBERLY DARDEN	TREASURER	2.00	Director	$0	$0	$0
KIMBERLY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIAN GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
VIRGINIA WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISETTE HASAN	EXECUTIVE DIRECTOR	36.00	Officer	$115,878	$0	$115,878

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
2022	$238,205	$493,676	No data	$-255,471
2021	$370,791	$420,757	$403,645	$-49,966
2020	$448,655	$932,807	$456,048	$-484,152
2019	$562,560	$1,825,053	$880,459	$-1,262,493
2018	$784,545	$1,812,053	$2,145,712	$-1,027,508

THE CAROLINAS CENTER FOR HOSPICE AND END OF LIFE CARE