HOSPICE OF HEALTH FIRST INC (EIN 591911574) - 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

1978

Legal Domicile

Principal Officer

TAYLOR K SMITH

Phone

3214345150

Tax Period

2022-10-01 to 2023-09-30

HOSPICE OF HEALTH FIRST INC, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $21.4M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $19.6M left a modest 8% surplus.

Mission

OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $58,223

Program Service Revenue $21,224,973

Investment Income $106,774

Other Revenue $52,601

TOTAL REVENUE $21,442,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,835,083

Fundraising Expenses $0

Program Expenses $16,823,791

Other Expenses $5,786,657

TOTAL EXPENSES $19,621,740

Year-over-Year Comparison

	2022	2021	Change
Revenue	$21,442,571	$19,324,244	+0.1%
Expenses	$19,621,740	$18,674,067	+0.1%
Net Income	$1,820,831	$650,177	+1.8%

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

N/A

Volunteers

118

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

$5,368,352

Total Directors

$3,392,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN P JOHNSON	PRESIDENT/CEO HFI (END 2/2023)	1.00	Officer Director	$0	$25,072	$2,208,499
MATTHEW F GERRELL	PRESIDENT/SR VP OF STRATEG	1.00	Officer Director	$0	$30,395	$652,509
GERMAINE M BLAINE MD	ASSOC MED DIR. HOSP PHYSIC	40.00	Director	$0	$26,499	$343,369
REV DERLY FOERSTE	MANAGER PASTORAL CARE	40.00	Director	$0	$20,976	$126,672
TAYLOR K SMITH	INTERIM CEO HFI/TRUSTEE (BEG 2/2023)	1.00	Officer Director	$0	$0	$61,634
DANA PACKARD	CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE ROBINSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBIN M PETERSEN ESQ	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL C BROWNLIE	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE CHILDS	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA D PRUITT	TRUSTEE (END 7/2023)	1.00	Director	$0	$0	$0
ROBERT PERERS	TRUSTEE (END 12/2022)	1.00	Director	$0	$0	$0
SUSAN T STRAHLE	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM STRUTH	TRUSTEE	1.00	Director	$0	$0	$0
LEONOR ZIES MD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL A SCIALDONE	EVP/CFO HFI (END 1/2023)	1.00	Officer	$0	$21,100	$917,976
BRETT A ESROCK	EXEC VP CFO/COO (BEG 1/2023)	1.00	Officer	$0	$26,499	$761,751
NICHOLAS W ROMANELLO ESQ	ASSISTANT SECRETARY	1.00	Officer	$0	$29,300	$765,983
BARRY S SIMKIN	MEDICAL DIR PALLIATIVE CARE	40.00	Highest	$0	$27,591	$243,683
PAULA L LUDWIG	DIRECTOR PCS HOSPICE	40.00	Highest	$0	$26,244	$142,296
ELIZABETH TAYLOR	HOSPICE RN	40.00	Highest	$0	$10,156	$118,229
TERRIE L RADA	HOSPICE RN	40.00	Highest	$0	$10,497	$115,601
LAURA L LORD	HOSPICE RN	40.00	Highest	$0	$6,394	$114,457
DREW A RECTOR	FORMER PRES/EVP CSO (END 2/2019)	0.00		$0	$29,300	$1,195,723

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	No data	No data	No data	No data
2023	$21,442,571	$19,621,740	$33,744,144	$1,820,831
2022	$19,324,244	$18,674,067	$34,482,828	$650,177
2021	$21,554,982	$18,530,724	$35,941,950	$3,024,258
2020	$21,034,400	$17,606,227	$35,631,029	$3,428,173
2019	$17,976,585	$16,220,964	$30,843,099	$1,755,621
2018	$16,246,277	$14,422,098	$30,487,576	$1,824,179

HOSPICE OF HEALTH FIRST INC