HOSPICE OF WAKE COUNTY FOUNDATION INC (EIN 561867838) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

ADAM WOLK

Phone

9198280890

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF WAKE COUNTY FOUNDATION INC, founded in 1993, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue surged 589% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 432% operating deficit.

Mission

FOUNDATION SUPPORTS AND OPERATES FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF HOSPICE OF WAKE COUNTY, INC, A 501(C)(3) ORGANIZATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,300

Program Service Revenue $0

Investment Income $203,051

Other Revenue $0

TOTAL REVENUE $221,351

Expense Breakdown

Grants Paid $1,158,857

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,178,485

Other Expenses $19,628

TOTAL EXPENSES $1,178,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,351	$32,110	+5.9%
Expenses	$1,178,485	$396,791	+2.0%
Net Income	$-957,134	$-364,681	+1.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

$210,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BURROUGHS	CHAIR	0.50	Officer Director	$0	$0	$0
DAVID BOONE	TREASURER, SECRETARY	0.50	Officer Director	$0	$0	$0
DAVE WOLF	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
ROB CHRISTNER	DIRECTOR	0.50	Director	$0	$0	$0
POLLY HARDIE	DIRECTOR	0.50	Director	$0	$0	$0
JAMAL JONES	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES KABUGO-MUSOKE	DIRECTOR	0.50	Director	$0	$0	$0
JOY SLOAN	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SHELTON	DIRECTOR	0.50	Director	$0	$18,131	$210,428

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	$221,351	$1,178,485	$3,738,620	$-957,134
2023	$32,110	$396,791	$4,474,789	$-364,681
2022	$1,833,298	$20,311	$4,283,507	$1,812,987
2021	$566,900	$146,963	$4,405,752	$419,937
2020	$451,003	$18,256	$4,097,244	$432,747
2019	$148,808	$95,181	$3,081,370	$53,627
2018	$175,957	$51,016	$1,826,193	$124,941

HOSPICE OF WAKE COUNTY FOUNDATION INC