GULFSIDE HOSPICE 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

1988

Legal Domicile

Principal Officer

LINDA L WARD

Phone

7278455707

Tax Period

2022-07-01 to 2023-06-30

GULFSIDE HOSPICE INC, founded in 1988, is a mid-sized nonprofit that reported $50.4M in total revenue in fiscal year 2022. Expenses of $45.1M left a modest 10% surplus.

Mission

GULFSIDE HOSPICE, INC. PROVIDES QUALITY HOSPICE CARE TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES WHO ARE IN NEED OF THE SERVICES REGARDLESS OF RACE, COLOR, CREED, GENDER OR NATIONAL ORIGIN.

Program Service Accomplishments

Program 1

Expenses: $44,631,741 Revenue: $46,996,066

THE FILING ORGANIZATION PROVIDES COMPASSIONATE, QUALITY CARE TO INDIVIDUALS AND THEIR LOVED ONES AS THEY FACE LIFE-LIMITING ILLNESSES. THE ORGANIZATION ASSISTS PATIENTS IN FINDING RELIEF FROM PAIN...

THE FILING ORGANIZATION PROVIDES COMPASSIONATE, QUALITY CARE TO INDIVIDUALS AND THEIR LOVED ONES AS THEY FACE LIFE-LIMITING ILLNESSES. THE ORGANIZATION ASSISTS PATIENTS IN FINDING RELIEF FROM PAIN AND SUFFERING TO ENSURE THEY LIVE EACH DAY WITH DIGNITY, PEACE, AND COMFORT.

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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 $3,363,264

Program Service Revenue $46,996,066

Investment Income $0

Other Revenue $5,515

TOTAL REVENUE $50,364,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $447,140

Program Expenses $44,631,741

Other Expenses $45,078,881

TOTAL EXPENSES $45,078,881

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,364,845	$50,896,842	0.0%
Expenses	$45,078,881	$33,068,369	+0.4%
Net Income	$5,285,964	$17,828,473	-0.7%

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

250

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

$1,121,442

Total Directors

$507,537

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WARD	PRESIDENT/CEO	8.00	Officer Director	$0	$32,850	$507,537
ALLISON E MAUGHN	CHIEF FINANCIAL OFFICER	8.00	Officer	$0	$12,268	$308,666
KATHLEEN POSTIGLIONE	COO/SR. VP BUSINESS DEVELO	8.00	Officer	$0	$6,197	$305,239
LEIGH MASSENGILL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL HEINIG MD	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN CRUMBLEY	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA JONES CPA	TREASURER	1.00	Officer Director	$0	$0	$0
JOAN NELSON HOOK ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
SOLA ADEWUNMI CCMA AMS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
STAN GIANNET PHD	DIRECTOR	1.00	Director	$0	$0	$0
SKIP SKAIRUS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SPRINGER	DIRECTOR EMERITUS	1.00	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$50,364,845	$45,078,881	$56,405,814	$5,285,964
2022	$50,896,842	$33,068,369	$56,821,285	$17,828,473
2021	$52,434,247	$33,709,556	$48,698,055	$18,724,691
2020	$42,757,987	$41,048,803	$24,975,583	$1,709,184
2019	$35,229,855	$33,687,626	$17,733,137	$1,542,229