HOSPICE OF LAURENS COUNTY INC

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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

1987

Legal Domicile

Principal Officer

PETER A BRUNNICK

Phone

8648336287

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF LAURENS COUNTY INC, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $16.5M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE PHYSICAL, SPIRITUAL, AND EMOTIONAL COMFORT TO PATIENTS AND THEIR FAMILIES DEALING WITH A TERMINAL ILLNESS.

Program Service Accomplishments

Program 1

Expenses: $14,267,315 Revenue: $15,804,392

ADULT HOSPICE CARE SERVICES - HOSPICE CARE IS PROVIDED TO PATIENTS WHO ARE FACING ILLNESSES THAT NO LONGER RESPOND TO CURE-ORIENTED TREATMENT AND WHO HAVE A LIFE EXPECTANCY OF SIX MONTHS OR LESS...

ADULT HOSPICE CARE SERVICES - HOSPICE CARE IS PROVIDED TO PATIENTS WHO ARE FACING ILLNESSES THAT NO LONGER RESPOND TO CURE-ORIENTED TREATMENT AND WHO HAVE A LIFE EXPECTANCY OF SIX MONTHS OR LESS. CARE IS PROVIDED IN MULTIPLE SETTINGS, INCLUDING THE PATIENT'S PRIVATE RESIDENCE, NURSING FACILITIES, OR OUR OWN HOSPICE HOUSE. AS A NOT-FOR-PROFIT ORGANIZATION, HOSPICE OF LAURENS COUNTY PROVIDES SERVICES WITHOUT REGARD TO A PATIENT'S INSURANCE STATUS OR ABILITY TO PAY. THESE SERVICES INCLUDE NURSING CARE, PHYSICIAN VISITS, SOCIAL WORK, AND CHAPLAIN SERVICES. IN ADDITION, ANCILLARY SERVICES AND BEREAVEMENT SUPPORT ARE PROVIDED AFTER THE PATIENT'S DEATH.PATIENTS WITH NO INSURANCE OR INADEQUATE INCOME, BASED ON DEPARTMENT OF HEALTH POVERTY GUIDELINES, QUALIFY FOR CHARITY CARE. CARE IS PROVIDED ON A SLIDING FEE SCALE. DURING THE YEAR ENDED DECEMBER 31, 2024, THE AMOUNT OF CHARITY CARE WAS $283,458, AND IS NETTED WITH PATIENT SERVICE REVENUE ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES.

Program 2

Expenses: $482,281 Revenue: $106,874

PALLIATIVE CARE SERVICES - PALLIATIVE CARE IS PROVIDED TO PATIENTS WHO MAY NOT YET BE ELIGIBLE FOR COMPREHENSIVE HOSPICE CARE SERVICES. PALLIATIVE CARE PROVIDES A PROGRAM OF PAIN CONTROL, SYMPTOM...

PALLIATIVE CARE SERVICES - PALLIATIVE CARE IS PROVIDED TO PATIENTS WHO MAY NOT YET BE ELIGIBLE FOR COMPREHENSIVE HOSPICE CARE SERVICES. PALLIATIVE CARE PROVIDES A PROGRAM OF PAIN CONTROL, SYMPTOM MANAGEMENT, AND ASSISTANCE WITH DIFFICULT DECISON MAKING. PALLIATIVE CARE SERVICES ARE PROVIDED IN MULTIPLE SETTINGS, INCLUDING THE PATIENT'S PRIVATE RESIDENCE AND NURSING FACILITIES. AS A NOT FOR PROFIT ORGANIZATION, HOSPICE OF LAURENS COUNTY PROVIDES THESE SERVICES WITHOUT REGARD TO A PATIENT'S INSURANCE STATUS OR ABILITY TO PAY.

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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 $582,732

Program Service Revenue $15,911,266

Investment Income $9,409

Other Revenue $-21,643

TOTAL REVENUE $16,481,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,790,853

Fundraising Expenses $326,748

Program Expenses $14,749,596

Other Expenses $6,282,699

TOTAL EXPENSES $16,073,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,481,764	$9,969,115	+0.7%
Expenses	$16,073,552	$10,193,159	+0.6%
Net Income	$408,212	$-224,044	-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

178

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

$3,068,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN A MORRICE	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA ENGEL	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
JANE B NEESE	PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY R KILPATRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL A MCNAMARA	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY G GORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL I ROSE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD BATTLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTI T CADD	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER G CARSON	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
CASEY DORSEY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY GRIER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID H JONES	DIRECTOR	1.00	Director	$0	$0	$0
COLLIE LEHN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN R MIDURA	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH PINSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY LOVE SUMRALL MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH TYSINGER	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN WEATHERS	DIRECTOR	1.00	Director	$0	$0	$0
PETER A BRUNNICK	PRESIDENT & CEO	1.00	Officer	$0	$10,806	$796,828
MICHAEL BOLEWITZ	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$509,012
TODD FONTENOT	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$32,496	$527,046
BRIDGET I HILLER	CHIEF MEDICAL OFFICER	1.00	Officer	$0	$25,297	$493,691
DEAN H FORMAN	CHIEF STRATEGY OFFICER	1.00	Officer	$0	$10,511	$429,164
PETE DAVIES	CHIEF INFORMATION OFFICER	1.00	Officer	$0	$32,282	$312,572
KARLA FERNANDEZ	GV CLINIC ADM SUPERVISOR	40.00	Highest	$162,798	$18,606	$181,404
JASON WILLIS	AVP OF OPERATIONS	40.00	Highest	$137,702	$25,469	$163,171
JESSICA LAWSON	NURSE	40.00	Highest	$134,228	$4,090	$138,318
DEBORAH D MOYER	NURSE	40.00	Highest	$127,515	$19,643	$147,158
CATHY P PASCO	NURSE PRACTIONER	40.00	Highest	$126,682	$9,373	$136,055

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	$16,481,764	$16,073,552	$9,226,358	$408,212
2023	$9,969,115	$10,193,159	$8,086,660	$-224,044
2022	$5,470,432	$6,945,779	$5,602,238	$-1,475,347
2021	$3,333,827	$4,521,920	$5,063,411	$-1,188,093
2020	$2,417,368	$3,008,244	$4,928,074	$-590,876
2019	$2,549,386	$2,998,710	$4,627,615	$-449,324