HOSPICE OF IREDELL COUNTY INC (EIN 561376577) - 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

Principal Officer

MICHAEL SMITH

Phone

7048734719

Tax Period

2024-10-01 to 2025-09-30

HOSPICE OF IREDELL COUNTY INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $23.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $21.4M left a modest 10% surplus.

Mission

TO HONOR LIFE BY PROVIDING EXTRAORDINARY CARE WITH COMPASSION, COMFORT AND DIGNITY TO OUR PATIENTS, FAMILIES AND COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,121,852

Program Service Revenue $21,157,517

Investment Income $591,301

Other Revenue $-15,432

TOTAL REVENUE $23,855,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,568,963

Fundraising Expenses $171,070

Program Expenses $14,577,785

Other Expenses $5,810,099

TOTAL EXPENSES $21,379,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,855,238	$20,685,318	+0.2%
Expenses	$21,379,062	$20,244,296	+0.1%
Net Income	$2,476,176	$441,022	+4.6%

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

240

Volunteers

198

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

$805,358

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY CAVINESS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIE BARAZSU	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA BRITT	DIRECTOR	1.00	Director	$0	$0	$0
ORIAN HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM H COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
RONALD MACK	DIRECTOR	1.00	Director	$0	$0	$0
WENDY GORDON PAKE	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA A BURK	SECRETARY	1.00	Officer Director	$0	$0	$0
RAY ENGLEBERT	DIRECTOR	1.00	Director	$0	$0	$0
DEVINA TALWAR MD	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY WOODARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRANDON LAWS	TREASURER	1.00	Officer Director	$0	$0	$0
MARK CHILDERS	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA SELF	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CATHERINE CARNES	CHIEF MEDICAL OFFICER	40.00	Officer	$309,952	$0	$309,952
CHARLES ASHE	CHIEF OPERATIONS OFFICER	40.00	Officer	$144,979	$0	$144,979
DANA BELL	CHIEF CLINICAL OFFICER	40.00	Officer	$154,145	$0	$154,145
MICHAEL SMITH	PRESIDENT/CEO	40.00	Officer	$196,282	$0	$196,282
SUSAN GILBERT	PHYSICIAN	40.00	Highest	$133,955	$0	$133,955
WENDY LEWIS	PHYSICIAN	40.00	Highest	$119,301	$0	$119,301
WHITNEY MOOSE	PHYSICIAN	40.00	Highest	$117,231	$0	$117,231
SUSAN STURGESS	PHYSICIAN	40.00	Highest	$239,182	$0	$239,182
MORIAH SPECHT	PHYSICIAN	40.00	Highest	$133,734	$0	$133,734

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
2025	$23,855,238	$21,379,062	$35,142,149	$2,476,176
2024	$20,685,318	$20,244,296	$31,829,714	$441,022
2023	$18,732,765	$18,901,960	$29,394,486	$-169,195
2022	$19,069,489	$17,771,551	$28,149,266	$1,297,938
2021	$21,567,606	$16,296,081	$28,999,544	$5,271,525
2020	$16,630,389	$14,608,567	$25,200,279	$2,021,822
2019	$15,439,166	$13,816,066	$19,952,462	$1,623,100
2018	$12,897,318	$11,603,295	$18,067,332	$1,294,023

HOSPICE OF IREDELL COUNTY INC