Hospice of Marion County Inc (EIN 592214796) - 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

Phone

3528737400

Tax Period

2023-10-01 to 2024-09-30

Hospice of Marion County Inc, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $49.5M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $46.7M left a modest 6% surplus.

Mission

HOSPICE OF MARION COUNTY (HMC) PROVIDES END-OF-LIFE CARE AND SERVICES TO RESIDENTS OF ALL AGES, REGARDLESS OF THEIR 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 (2023)

Revenue Breakdown

Contributions & Grants $234,611

Program Service Revenue $47,121,966

Investment Income $1,881,904

Other Revenue $216,319

TOTAL REVENUE $49,454,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,248,576

Fundraising Expenses $0

Program Expenses $39,984,805

Other Expenses $18,407,691

TOTAL EXPENSES $46,656,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,454,800	$31,399,417	+0.6%
Expenses	$46,656,267	$31,672,534	+0.5%
Net Income	$2,798,533	$-273,117	-11.2%

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

398

Volunteers

550

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

$1,781,371

Total Directors

Key Employees

$329,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA HEATH	SECRETARY	1.0	Officer Director	$0	$0	$0
MICHAEL TORRES MD	TREASURER	1.0	Officer Director	$0	$0	$0
MICHELLE STONE	CHAIR-ELECT	1.0	Officer Director	$0	$0	$0
RICH LARKIN	CHAIRMAN	1.0	Officer Director	$0	$0	$0
CARLES TOBON	BOARD MEMBER	1.0	Director	$0	$0	$0
DIANA HOLDER	BOARD MEMBER	1.0	Director	$0	$0	$0
HEATHER SMITH	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES CHICKLO MD	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFFREY SAUEY	BOARD MEMBER	1.0	Director	$0	$0	$0
JIM HILTY	PAST CHAIRMAN	1.0	Director	$0	$0	$0
JOAN RECTOR	BOARD MEMBER	1.0	Director	$0	$0	$0
KENNETH DALEY	BOARD MEMBER	1.0	Director	$0	$0	$0
RICHARD RIVERA	BOARD MEMBER	1.0	Director	$0	$0	$0
CHRISTY HENDRICKS	EMPATH CHIEF LEGAL OFFICER	1.0	Officer	$0	$38,110	$418,963
JONATHAN FLEECE	EMPATH CEO/PRESIDENT	1.0	Officer	$0	$48,894	$876,727
SAIDA BOUHAMID	EMPATH CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$38,556	$485,681
MERY J LOSSADA	CHIEF MEDICAL OFFICER	40.0	Key Emp	$303,952	$25,775	$329,727
AXEL MARTINEZ	MEDICAL DIRECTOR	40.0	Highest	$226,068	$11,232	$237,300
DAVID SWIFT	PHARMACIST	40.0	Highest	$159,171	$5,959	$165,130
JEREMY JOSE OLLOQUI	MEDICAL DIRECTOR	40.0	Highest	$229,313	$0	$229,313
TAMARA LOPEZ DIAZ	MEDICAL DIRECTOR	40.0	Highest	$209,695	$14,044	$223,739
VILMARIE VELEZ DIAZ	MEDICAL DIRECTOR	40.0	Highest	$254,116	$7,270	$261,386

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	$49,454,800	$46,656,267	$56,033,829	$2,798,533
2023	$31,399,417	$31,672,534	$33,494,741	$-273,117
2022	$38,923,193	$40,437,181	$45,601,306	$-1,513,988
2021	$46,746,154	$37,830,460	$47,078,260	$8,915,694
2020	$42,336,001	$38,162,587	$45,083,771	$4,173,414
2019	$44,710,692	$36,460,573	$35,827,991	$8,250,119
2018	$36,224,393	$34,004,550	$26,789,711	$2,219,843

Hospice of Marion County Inc