Hospice of Henderson County Inc (EIN 561252665) - 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

1979

Legal Domicile

Phone

8286926178

Tax Period

2023-10-01 to 2024-09-30

Hospice of Henderson County Inc, founded in 1979, is a mid-sized nonprofit that reported $45.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $42.7M left a modest 6% surplus.

Mission

THE ORGANIZATION OFFERS AN ORGANIZED SUPPORT CARE PROGRAM FOR TERMINALLY ILL PATIENTS AND THEIR FAMILIES, AND EDUCATES HEALTH CARE PROFESSIONALS, CONCERNED CITIZENS AND OTHERS REGARDING THE ORGANIZATIONS PROGRAMS.

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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 $848,460

Program Service Revenue $43,532,161

Investment Income $672,021

Other Revenue $298,983

TOTAL REVENUE $45,351,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,385,614

Fundraising Expenses $0

Program Expenses $34,297,842

Other Expenses $11,284,077

TOTAL EXPENSES $42,669,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,351,625	$41,251,846	+0.1%
Expenses	$42,669,691	$39,072,468	+0.1%
Net Income	$2,681,934	$2,179,378	+0.2%

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

475

Volunteers

377

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

$1,246,792

Total Directors

$202,589

Key Employees

$243,831

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill McKibbin	Chair & Treasurer	2.0	Director	$0	$0	$0
Carol Hunter	Board Member	2.0	Director	$0	$0	$0
Cory Donohue	Member at Large	2.0	Director	$0	$0	$0
Daryl Crouse	Member at Large	2.0	Director	$0	$0	$0
Dick Burns	Board Member	2.0	Director	$0	$0	$0
Dr Navin Anthony	Board Member	2.0	Director	$0	$0	$0
Julie Thompson	Secretary	2.0	Director	$0	$0	$0
Koral Alman	Board Member	2.0	Director	$0	$0	$0
LeeAnne Tucker	Board Member	2.0	Director	$0	$0	$0
Malinda Vera Cruz	Board Member	2.0	Director	$0	$0	$0
Mary Coffey	Board Member	2.0	Director	$0	$0	$0
Nancy Bouvet	Member at Large	2.0	Director	$0	$0	$0
Paula Wagner	Board Member	2.0	Director	$0	$0	$0
Sue Kersbergen	Board Member	2.0	Director	$0	$0	$0
Tasha Michaels	Vice Chair	2.0	Director	$0	$0	$0
Tina Gentry	Board Member	2.0	Director	$0	$10,608	$202,589
Victoria Flanagan	Board Member	2.0	Director	$0	$0	$0
Dr Millicent Burke-Sinclair	President/CEO	40.0	Officer	$331,602	$14,080	$387,282
Dr Ruth Thomson	Chief Medical Officer	40.0	Officer	$303,921	$24,943	$328,864
Rikki Hooper	Chief Clinical Operations Officer	40.0	Officer	$229,170	$14,352	$243,522
Ryan Cannon	Chief Innovation Officer/CFO	40.0	Officer	$142,560	$10,444	$153,004
Sue Ann Hamby	Chief Quality Officer	40.0	Officer	$121,892	$12,228	$134,120
Dr Elaina Bishop Ori-Honeycutt	Hospice Medical Director	40.0	Key Emp	$229,487	$14,344	$243,831
Dr Amy Hinton	Staff Physician	40.0	Highest	$185,705	$20,726	$206,431
Dr Emily Sawyer	Staff Physician	40.0	Highest	$207,118	$13,843	$220,961
Dr Michael Marschke	Staff Physician	40.0	Highest	$204,058	$11,225	$215,283
Dr Robert Ward	Staff Physician	40.0	Highest	$179,479	$22,668	$202,147
Dr Sandra Whitlock	Staff Physician	40.0	Highest	$199,970	$17,676	$217,646

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	$45,351,625	$42,669,691	$34,601,232	$2,681,934
2023	$41,251,846	$39,072,468	$31,032,809	$2,179,378
2022	$38,827,342	$35,401,289	$27,517,787	$3,426,053
2021	$36,122,942	$32,865,302	$24,806,944	$3,257,640
2020	$33,485,708	$30,757,416	$25,748,705	$2,728,292
2019	$27,444,716	$26,107,274	$17,440,936	$1,337,442
2018	$23,375,743	$24,381,222	$14,753,774	$-1,005,479

Hospice of Henderson County Inc