HOSPICE OF DAVIDSON COUNTY NORTH CAROLINA INC (EIN 581592138) - 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

1984

Legal Domicile

Principal Officer

LAURA OWEN

Phone

3364742062

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF DAVIDSON COUNTY NORTH CAROLINA INC, founded in 1984, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024.

Mission

PROVIDE PHYSICAL, PSYCHOLOGICAL, SOCIAL, AND SPIRITUAL SERVICES TO TERMINALLY ILL PERSONS AND THEIR FAMILIES

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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 $605,314

Program Service Revenue $10,233,972

Investment Income $425,476

Other Revenue $60,020

TOTAL REVENUE $11,324,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,208,183

Fundraising Expenses $50,645

Program Expenses $6,897,818

Other Expenses $3,563,891

TOTAL EXPENSES $11,772,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,324,782	$11,141,284	+0.0%
Expenses	$11,772,074	$10,281,668	+0.1%
Net Income	$-447,292	$859,616	-1.5%

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

129

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

$1,176,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROOKE WILLIAMS	VICE CHAIR	1.00	Director	$0	$0	$0
MICHELLE CECIL	DIRECTOR	1.00	Director	$0	$0	$0
MAKEBA GREGG	DIRECTOR	1.00	Director	$0	$0	$0
BECKY DALEY	CHAIR	1.00	Director	$0	$0	$0
JANIE KENNEDY	SECRETARY	1.00	Director	$0	$0	$0
PHILIP YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
DALE MOOREFIELD	VICE CHAIR	1.00	Director	$0	$0	$0
IVY WATERHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WATFORD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CHANG SR	DIRECTOR	1.00	Director	$0	$0	$0
EDWINA HARDEE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL JAMES	VICE CHAIR	1.00	Director	$0	$0	$0
CATHERINE MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
LAURA OWEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$226,908	$20,917	$247,825
GLEN HUBBARD	CHIEF FINANCIAL OFFICER	40.00	Officer	$187,547	$31,797	$219,344
LANA RIEMANN	CHIEF MEDICAL OFFICER	40.00	Officer	$283,670	$22,953	$306,623
JENNIFER EVERHART	CHIEF CLINICAL OFFICER	40.00	Officer	$202,638	$31,115	$233,753
AARON HOLT	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$151,572	$17,755	$169,327
DIANNA MCNEIL	DIRECTOR OF PROVIDER SERVICES	40.00	Highest	$181,330	$23,277	$204,607
KAITLYN MCFADDEN	DIRECTOR OF HOMECARE SERVI	40.00	Highest	$131,192	$20,933	$152,125
JOSHUA PROCTOR	DIRECTOR OF CLINICAL SERV	40.00	Highest	$137,453	$17,190	$154,643
AMY LEONARD	DIRECTOR OF PATIENT ACCESS	40.00	Highest	$125,298	$16,702	$142,000
COLE WARNER	DIRECTOR OF SUPPORT SERVICES	40.00	Highest	$103,515	$4,736	$108,251

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	$11,324,782	$11,772,074	$17,395,376	$-447,292
2023	$11,141,284	$10,281,668	$17,809,838	$859,616
2022	$9,595,179	$9,077,876	$16,492,456	$517,303
2021	$9,451,306	$8,574,099	$15,902,327	$877,207
2020	$12,273,923	$9,701,824	$15,702,585	$2,572,099
2019	$10,220,299	$8,841,467	$12,828,526	$1,378,832
2018	$8,972,668	$7,830,500	$11,179,204	$1,142,168

HOSPICE OF DAVIDSON COUNTY NORTH CAROLINA INC