Hospice of the Bluegrass 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

1978

Legal Domicile

Phone

8592765344

Tax Period

2023-01-01 to 2023-12-31

Hospice of the Bluegrass Inc, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $85.6M in total revenue in fiscal year 2023.

Mission

Our mission is dedicated to providing specialized hospice, palliative and interdisciplinary medical care to the seriously ill and their families. As a dedicated leader in hospice and palliative care, we engage in community partnerships, education, counseling and provide opportunities to staff, volunteers and donors to enrich lives through their gifts.

Program Service Accomplishments

Program 1

Expenses: $69,534,533 Revenue: $75,143,802

HOSPICE OF THE BLUEGRASS, INC. d/b/a BLUEGRASS HOSPICE CARE, IS AN ORGANIZATION DEVOTED TO CARING FOR THE PHYSICAL, PSYCHOSOCIAL, EMOTIONAL AND SPIRITUAL NEEDS OF TERMINALLY ILL INDIVIDUALS AND THEIR FAMILIES. THE CARE PROVIDED INCLUDES COUNSELING, PALLIATIVE AND SUPPORTIVE CARE. SUPPORT, EDUCATION, AND BEREAVEMENT SERVICES ARE PROVIDED TO THE COMMUNITY AS WELL. BLUEGRASS HOSPICE CARE PROVIDED 380,444 DAYS OF PATIENT CARE TO APPROXIMATELY 6,100 PATIENTS IN 32 COUNTIES WITHIN KENTUCKY. BEREAVEMENT COUNSELORS PROVIDED COUNSELING TO 2,370 INDIVIDUALS DURING THE YEAR. CHARITY CARE PROVIDED TO PATIENTS APPROXIMATED $6,011,000. PLEASE VISIT OUR WEBSITE AT WWW.BGCARENAV.ORG FOR FURTHER INFORMATION ON SERVICES PROVIDED.

Program 2

Expenses: $4,125,594 Revenue: $2,453,944

HOSPICE OF THE BLUEGRASS, INC. d/b/a BLUEGRASS PACE CARE IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY ENROLLING 30 PARTICIPANTS. BLUEGRASS PACE CARE PROVIDES COORDINATED CARE BY A...

HOSPICE OF THE BLUEGRASS, INC. d/b/a BLUEGRASS PACE CARE IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY ENROLLING 30 PARTICIPANTS. BLUEGRASS PACE CARE PROVIDES COORDINATED CARE BY A MULTIDISCIPLINARY HEALTHCARE TEAM PROVIDING MEDICAL CARE AND SUPPORTIVE SERVICES, SUCH AS PREVENTATIVE CARE, THERAPY, NUTRITIONAL CARE, SOCIAL SERVICES, TRANSPORTATION, AND MEDICATION MANAGEMENT.

Program 3

Expenses: $2,293,640 Revenue: $1,881,281

HOSPICE OF THE BLUEGRASS, INC. d/b/a BLUEGRASS HOME HEALTH CARE SERVES BOURBON, HARRISON, NICHOLAS, AND SCOTT COUNTIES IN KENTUCKY. BLUEGRASS HOME HEALTH CARE PROVIDES IN HOME CARE SUCH AS SKILLED...

HOSPICE OF THE BLUEGRASS, INC. d/b/a BLUEGRASS HOME HEALTH CARE SERVES BOURBON, HARRISON, NICHOLAS, AND SCOTT COUNTIES IN KENTUCKY. BLUEGRASS HOME HEALTH CARE PROVIDES IN HOME CARE SUCH AS SKILLED NURSING, HOME HEALTH AID, SOCIAL SERVICES, AND THERAPIES. ADDITIONAL SERVICES INCLUDE EARLY AND PERIODIC SCREENING, DIAGNOSTIC, AND TREATMENT, WAIVER SERVICES, AND OUTPATIENT MEDICAL SUPPLIES.

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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 $3,406,985

Program Service Revenue $80,490,266

Investment Income $1,727,500

Other Revenue $22,757

TOTAL REVENUE $85,647,508

Expense Breakdown

Grants Paid $1,671,483

Salaries & Benefits $60,749,709

Fundraising Expenses $906,762

Program Expenses $76,880,318

Other Expenses $29,528,137

TOTAL EXPENSES $91,949,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,647,508	$84,531,432	+0.0%
Expenses	$91,949,329	$88,346,323	+0.0%
Net Income	$-6,301,821	$-3,814,891	+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

1067

Volunteers

272

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

$3,900,255

Total Directors

$721,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR BOARD OF DIRECTORS	2.0	Officer Director	$0	$0	$0
N/A	PRESIDENT/CEO	39.7	Officer Director	$669,584	$51,931	$721,515
N/A	SECRETARY BOARD OF DIRECTORS	2.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR BOARD OF DIRECTORS	2.0	Officer Director	$0	$0	$0
N/A	TREASURER BOARD OF DIRECTORS	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER	1.0	Director	$0	$0	$0
N/A	VP MARKETING (through April 2023)	40.0	Officer	$60,463	$11,934	$72,397
N/A	COO ADMINISTRATIVE SERVICES	40.0	Officer	$296,706	$7,788	$304,494
N/A	VP HUMAN RESOURCES	40.0	Officer	$236,454	$20,485	$256,939
N/A	DIVERSITY, EQUITY & INCLUSION OFFICER	40.0	Officer	$145,806	$13,981	$159,787
N/A	VP COMPLIANCE & QUALITY	40.0	Officer	$229,104	$26,158	$255,262
N/A	VP FINANCE/CFO	39.5	Officer	$329,999	$25,529	$355,528
N/A	CHIEF INFORMATION & SECURITY OFFICER	40.0	Officer	$159,409	$34,308	$193,717
N/A	CHIEF BUSINESS OFFICER	40.0	Officer	$200,454	$29,142	$229,596
N/A	VP PHILANTHROPY	40.0	Officer	$209,653	$30,351	$240,004
N/A	VP & CHIEF HOSPICE OFFICER	40.0	Officer	$214,429	$21,236	$235,665
N/A	COO CLINICAL SERVICES	37.5	Officer	$270,630	$17,127	$287,757
N/A	CHIEF MEDICAL OFFICER	30.0	Officer	$331,809	$48,406	$587,594
N/A	HOSPICE & PALLIATIVE PHYSICIAN	53.4	Highest	$226,404	$40,022	$294,580
N/A	HOSPICE & PALLIATIVE PHYSICIAN	60.0	Highest	$266,414	$40,431	$306,845
N/A	SENIOR HOSPICE MEDICAL DIRECTOR	60.0	Highest	$329,653	$40,296	$369,949
N/A	HOSPICE & PALLIATIVE PHYSICIAN	60.0	Highest	$228,739	$35,051	$263,790
N/A	HOSPICE & PALLIATIVE PHYSICIAN	60.0	Highest	$236,532	$19,520	$256,052

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
2023	$85,647,508	$91,949,329	$124,482,156	$-6,301,821
2022	$84,531,432	$88,346,323	$118,416,443	$-3,814,891
2021	$82,828,416	$77,833,136	$131,109,074	$4,995,280
2020	$73,763,667	$70,470,629	$128,907,351	$3,293,038
2019	$67,495,795	$64,116,462	$110,636,002	$3,379,333
2018	$69,010,144	$63,121,436	$96,534,836	$5,888,708