Hospice by the Sea 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

1979

Legal Domicile

Phone

5618485200

Tax Period

2024-01-01 to 2024-09-30

Hospice by the Sea Inc, founded in 1979, is a mid-sized nonprofit that reported $42.9M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

THE MISSION OF HOSPICE BY THE SEA, INC. (HBTS) IS TO PROVIDE FAMILIES WITH ACCESS TO COMPASSIONATE, EXPERT AND PROFESSIONAL HEALTHCARE SERVICES IN THEIR TIME OF NEED, THROUGHOUT THEIR LIFESPAN. HBTS HONORS LIFE, OFFERS CARE AND COMFORT WITH DIGNITY AND EASES THE BURDENS OF ALL PATIENTS, CAREGIVERS AND FAMILIES ENDURING THE CHALLENGES OF A SERIOUS AND PROGRESSIVE ILLNESS. WE PROVIDE THE HIGHEST QUALITY MEDICAL CARE, AS WELL AS SUPPORT FOR OUR PATIENTS, THEIR FAMILIES AND CAREGIVERS, REGARDLESS OF AGE, RACE, CREED, DIAGNOSIS, OR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $30,695,718 Revenue: $41,973,515

HOSPICE IS OUR CORE PROGRAM IN WHICH INTERDISCIPLINARY TEAMS OF PHYSICIANS, NURSES, NURSE ASSISTANTS, SOCIAL WORKERS, CLERGY AND VOLUNTEERS PROVIDE INDIVIDUALIZED, HOLISTIC, QUALITY END-OF-LIFE...

HOSPICE IS OUR CORE PROGRAM IN WHICH INTERDISCIPLINARY TEAMS OF PHYSICIANS, NURSES, NURSE ASSISTANTS, SOCIAL WORKERS, CLERGY AND VOLUNTEERS PROVIDE INDIVIDUALIZED, HOLISTIC, QUALITY END-OF-LIFE HOSPICE CARE TO TERMINALLY ILL PATIENTS, MOST OF WHO ARE CARED FOR IN THEIR OWN HOMES. WE ALSO OPERATE TWO INPATIENT CARE CENTERS FOR PATIENTS WHO REQUIRE ACUTE, SHORT-TERM SKILLED CARE, SUCH AS PAIN CONTROL, SYMPTOM MANAGEMENT, ASSESSMENT AND INTERVENTION. OUR HOSPICE PROGRAM ALSO ADDRESSES THE PSYCHOSOCIAL AND SPIRITUAL NEEDS OF THE TERMINALLY ILL PATIENT'S FAMILY MEMBERS AND CAREGIVERS. AS PART OF THIS PROGRAM, PSYCHOSOCIAL AND SPIRITUAL COUNSELORS OFFER PREPARATION FOR DEATH ASSISTANCE AS WELL AS BEREAVEMENT SERVICES FOR THE FAMILY MEMBERS OF OUR PATIENTS FOR 13 MONTHS AFTER THE DEATH OF A LOVED ONE. DURING THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2024, HBTS ADMITTED AND SERVED 2,596 PATIENTS. THE ORGANIZATION ALSO PROVIDED APPROXIMATELY $346,141 OF CHARITY CARE DURING 2024.

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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 $952,727

Program Service Revenue $41,973,515

Investment Income $0

Other Revenue $3,269

TOTAL REVENUE $42,929,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,593,510

Fundraising Expenses $0

Program Expenses $30,695,718

Other Expenses $13,204,101

TOTAL EXPENSES $41,797,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,929,511	$51,649,222	-0.2%
Expenses	$41,797,611	$51,860,616	-0.2%
Net Income	$1,131,900	$-211,394	-6.4%

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

190

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY LEVITT	VICE CHAIR	1.0	Officer Director	$0	$0	$0
THOMAS G BURNS	SECRETARY	1.0	Officer Director	$0	$0	$0
WILLIAM QUINN II	CHAIRMAN	1.0	Officer Director	$0	$0	$0
HEATHER SIEGEL MILLER	DIRECTOR	1.0	Director	$0	$0	$0
KRISTIN AHR	DIRECTOR	1.0	Director	$0	$0	$0
MARIAN PEARLMAN NEASE	DIRECTOR	1.0	Director	$0	$0	$0
MAURICE WOODS	DIRECTOR	1.0	Director	$0	$0	$0
AMANDA TIPPIN	CORPORATE COMPLIANCE/PRIVACY OFFICER	10.0	Officer	$0	$0	$0
CHARLE E SNIDER	CHRO	10.0	Officer	$0	$0	$0
Christy Hendricks	CHIEF LEGAL OFFICER	1.0	Officer	$0	$0	$0
DAVID C FIELDING	FORMER CEO	5.0	Officer	$0	$0	$0
ELAINE I WILLIAMS	VP OF CLINICAL OPERATIONS	5.0	Officer	$0	$0	$0
JONATHAN FLEECE	PRESIDENT/CEO	1.0	Officer	$0	$0	$0
KATHERINE L BRAZZALE MD	CHIEF MEDICAL OFFICER	10.0	Officer	$0	$0	$0
MARK R HUNTLEY	FORMER CFO	5.0	Officer	$0	$0	$0
Saida Bouhamid	CFO	1.0	Officer	$0	$0	$0
TARRAH L LOWRY	CHIEF OPERATING OFFICER	10.0	Officer	$0	$0	$0

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	$42,929,511	$41,797,611	$27,077,983	$1,131,900
2023	$51,649,222	$51,860,616	$25,806,143	$-211,394
2022	$52,767,552	$50,842,998	$26,211,776	$1,924,554
2021	$53,733,577	$50,359,647	$24,238,802	$3,373,930
2020	$52,891,153	$48,566,800	$22,494,956	$4,324,353
2019	$49,344,794	$49,470,836	$17,238,375	$-126,042
2018	$54,161,863	$51,013,062	$16,544,718	$3,148,801