Cornerstone Hospice and Palliative Care Inc (EIN 592330114) - 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

Phone

8138718111

Tax Period

2024-01-01 to 2024-12-31

Cornerstone Hospice and Palliative Care Inc, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $94.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Provides hospice and palliative care services that relieve the suffering of persons residing in its communities affected by life-limiting illnesses and end-of-life issues so all may live as fully as possible.

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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 $1,000,000

Program Service Revenue $93,134,615

Investment Income $0

Other Revenue $0

TOTAL REVENUE $94,134,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,141,842

Fundraising Expenses $0

Program Expenses $83,168,664

Other Expenses $34,934,622

TOTAL EXPENSES $100,076,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,134,615	$85,500,690	+0.1%
Expenses	$100,076,464	$85,579,434	+0.2%
Net Income	$-5,941,849	$-78,744	+74.5%

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

728

Volunteers

306

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

$6,598,072

Total Directors

$4,394,855

Key Employees

$879,122

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Molosky	PRESIDENT/CEO	2.0	Officer Director	$0	$663,374	$2,257,453
Dr Tige Buchanan	Chair	1.0	Officer Director	$0	$0	$0
RHONDA G WHITE	Chief Operating Officer	2.0	Officer Director	$0	$203,486	$713,470
Tara Friedman	Chief Medical Officer	2.0	Officer Director	$0	$106,634	$759,617
Thomas Chase	Vice Chair	1.0	Officer Director	$0	$0	$0
TODD A WEBB	CHIEF FINANCIAL OFFICER	2.0	Officer Director	$0	$179,971	$664,315
Adam Kamus	Director	1.0	Director	$0	$0	$0
Dr Michael Howell	Director	1.0	Director	$0	$0	$0
Heath Nailos	Director	1.0	Director	$0	$0	$0
Wendy Terry	Director	1.0	Director	$0	$0	$0
Nicole Romence	Chief People Officer	2.0	Officer	$0	$159,229	$586,527
Paola Delp	Chief Business Development Officer	2.0	Officer	$0	$21,141	$728,573
Sheri Anne Strobel Amateau	Chief Information Officer	2.0	Officer	$0	$70,395	$524,578
Valerie Zolman	Chief Compliance Officer	2.0	Officer	$0	$82,539	$363,539
Cynthia A Burton	Executive Director	40.0	Key Emp	$198,950	$50,611	$249,561
Erin O Garcia	Executive Director	30.0	Key Emp	$127,516	$15,746	$182,179
MICHAEL SHAPIRO	Medical Director (Starting 3/2024)	26.0	Key Emp	$386,746	$46,948	$447,382
Alissa West	RN, Care Advisor - Field	40.0	Highest	$134,441	$42,108	$176,549
Kristie Jaundoo	Director, Regional	40.0	Highest	$138,059	$32,959	$171,018
Landy Yvette Ware	Executive Director	40.0	Highest	$146,483	$42,567	$189,050
Luz I Rodriguez	RN, Care Coordinator	40.0	Highest	$142,152	$44,210	$186,362
Yoire Roque	RN, Care Coordinator	40.0	Highest	$146,331	$16,241	$162,572
CHARLES O LEE	Former Chief Administrative Officer	0.0		$0	$0	$520,000
David J O'Neil	Former CHIEF FINANCIAL OFFICER	0.0		$0	$9,337	$191,279

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	$94,134,615	$100,076,464	$30,933,891	$-5,941,849
2023	$85,500,690	$85,579,434	$67,462,853	$-78,744
2022	$87,128,287	$76,867,935	$83,956,788	$10,260,352
2022	$20,586,813	$18,266,465	$74,829,868	$2,320,348
2021	$78,916,939	$77,392,256	$82,666,447	$1,524,683
2020	$88,879,858	$84,791,720	$81,907,139	$4,088,138
2019	$98,198,311	$89,073,129	$78,556,378	$9,125,182
2018	$87,073,198	$84,973,859	$68,819,997	$2,099,339

Cornerstone Hospice and Palliative Care Inc