Hospice of Surry County Inc (EIN 561346589) - 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

1982

Legal Domicile

Phone

3367892922

Tax Period

2023-10-01 to 2024-09-30

Hospice of Surry County Inc, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $42.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Our mission is creating the best experience for those facing serious illness - every patient, every family, every time.

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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 $1,559,602

Program Service Revenue $40,842,883

Investment Income $224,354

Other Revenue $259,610

TOTAL REVENUE $42,886,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,903,163

Fundraising Expenses $324,523

Program Expenses $35,669,330

Other Expenses $16,457,909

TOTAL EXPENSES $42,361,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,886,449	$38,638,479	+0.1%
Expenses	$42,361,072	$38,924,111	+0.1%
Net Income	$525,377	$-285,632	-2.8%

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

518

Volunteers

117

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

$1,141,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Hickling	Secretary	1.0	Officer Director	$0	$0	$0
Chris Lumsden	Vice Chairman	1.0	Officer Director	$0	$0	$0
Kent Thompson	Treasurer	1.0	Officer Director	$0	$0	$0
Paul Hammes	Chairman	1.0	Officer Director	$0	$0	$0
Angela Cagle	Chief HR Officer	40.0	Officer	$154,324	$16,585	$170,909
Barry S Dowell	Chief Executive Officer	40.0	Officer	$179,232	$24,946	$204,178
Glenn D Golaszewski	Chief Medical Officer	40.0	Officer	$306,687	$21,988	$328,675
Jenna Campbell	Chief Clinical Operations Officer	40.0	Officer	$178,788	$9,560	$188,348
Tracey Dobson	Chief Executive Officer	40.0	Officer	$248,488	$446	$248,934
Alexander Waite	Medical Director	40.0	Highest	$277,845	$17,621	$295,466
Don Bivens	Medical Director	40.0	Highest	$278,056	$3,708	$281,764
Michael Capriola	Medical Director	40.0	Highest	$281,232	$14,423	$295,655
Ronda Blevins	Nurse Practitioner	40.0	Highest	$135,776	$9,715	$145,491
Victoria Mullins	Nurse Practitioner	40.0	Highest	$146,397	$9,476	$155,873

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	$42,886,449	$42,361,072	$22,182,367	$525,377
2023	$38,638,479	$38,924,111	$22,817,283	$-285,632
2022	$37,859,687	$36,223,494	$19,506,734	$1,636,193
2021	$33,390,602	$33,197,032	$15,624,175	$193,570
2020	$29,324,059	$29,234,054	$16,477,943	$90,005
2019	$27,795,198	$27,595,842	$15,792,536	$199,356
2018	$24,510,262	$23,889,002	$16,250,484	$621,260

Hospice of Surry County Inc