HOSPICE OF THE PIEDMONT INC (EIN 581453827) - 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

1981

Legal Domicile

Principal Officer

WILLIAM T COCKERHAM

Phone

3368898446

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF THE PIEDMONT INC, founded in 1981, is a mid-sized nonprofit that reported $27.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOSPICE AND PALLIATIVE CARE TO PATIENTS WITH A PROGNOSIS OF SIX MONTHS OR LESS.

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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 $1,368,063

Program Service Revenue $24,832,647

Investment Income $1,510,012

Other Revenue $77,893

TOTAL REVENUE $27,788,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,327,932

Fundraising Expenses $555,244

Program Expenses $23,142,818

Other Expenses $10,675,306

TOTAL EXPENSES $28,003,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,788,615	$25,390,370	+0.1%
Expenses	$28,003,238	$25,832,929	+0.1%
Net Income	$-214,623	$-442,559	-0.5%

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

257

Volunteers

170

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

$618,199

Total Directors

Key Employees

$303,427

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKIE GALLIMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HEADLEE	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE JOHNSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CONNIE LINEBERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN SEXTON	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF MILLER	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
SUSAN MORRIS WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY BEST	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER CONRAD	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA CORREA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY POWELL DELILLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD CRUMPLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KERR RAMSAY	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE HOLLINGSWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN ODOM	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER WILHOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN COX	CHIEF NURSING OFFICER	40.00	Officer	$155,281	$18,523	$173,804
BARRY LEONARD	CFO	40.00	Officer	$169,148	$17,948	$187,096
TRENT COCKERHAM	CEO	40.00	Officer	$234,783	$22,516	$257,299
HOMA MAGSI	MEDICAL DIRECTOR	40.00	Key Emp	$278,714	$24,713	$303,427
AMY BARUCH	PHYSICIAN	40.00	Highest	$251,341	$35,309	$286,650
PATRICIA SHELVIN	PHYSICIAN	40.00	Highest	$217,997	$21,754	$239,751
GENE FREEMAN	MEDICAL DIRECTOR	40.00	Highest	$226,575	$28,715	$255,290
MAIKE COPELAND	PHYSICIAN	32.00	Highest	$167,466	$8,373	$175,839
CARLEY BLOOMFIELD	PHYSICIAN	40.00	Highest	$129,827	$10,720	$140,547

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	No data	No data	No data	No data
2024	$27,788,615	$28,003,238	$42,842,400	$-214,623
2023	$25,390,370	$25,832,929	$41,618,006	$-442,559
2022	$28,890,372	$26,179,009	$40,427,930	$2,711,363
2021	$25,303,748	$23,840,400	$40,332,450	$1,463,348
2020	$28,662,905	$25,841,584	$37,469,190	$2,821,321
2019	$18,414,407	$16,386,815	$33,021,555	$2,027,592
2018	$13,072,656	$12,805,206	$17,307,048	$267,450

HOSPICE OF THE PIEDMONT INC