HOSPICE OF HOPE INC

EIN: 611145339 501(c)(3) Human Services

MAYSVILLE, KY

Total Revenue
$13,458,096
Total Expenses
$14,706,465
Total Assets
$43,043,868
Net Assets
$39,047,778
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
KY
Principal Officer
ANTHONY TROVATO
Phone
6067594050
Tax Period
2023-01-01 to 2023-12-31

HOSPICE OF HOPE INC, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $13.5M in total revenue in fiscal year 2023. Net assets of $39.0M represent 35 months of operating reserves.

Mission

HOSPICE OF HOPE IS AN ORGANIZATION DEVOTED TO CARING FOR THE PHYSICAL, PSYCHOSOCIAL, EMOTIONAL AND SPIRITUAL NEEDS OF TERMINALLY ILL INDIVIDUALS AND THEIR FAMILIES. THE ORGANIZATION ALSO PROVIDES FOR AN ASSISTED LIVING FACILITY IN MAYSVILLE, KENTUCKY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $350,745
Program Service Revenue $12,354,462
Investment Income $726,174
Other Revenue $26,715
TOTAL REVENUE $13,458,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,652,645
Fundraising Expenses $3,230
Program Expenses $11,723,398
Other Expenses $6,053,820
TOTAL EXPENSES $14,706,465

Year-over-Year Comparison

2023 2022 Change
Revenue $13,458,096 $14,057,531 0.0%
Expenses $14,706,465 $14,405,509 +0.0%
Net Income $-1,248,369 $-347,978 +2.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
170
Volunteers
25

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
5
$191,753
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN H LAWLER CHAIRMAN 1.00
Officer Director
$0 $0 $0
OWEN MCNEILL VICE CHAIR 1.00
Officer Director
$0 $0 $0
LATRESSA GRAHAM SECRETARY 1.00
Officer Director
$0 $0 $0
BARB CAMPBELL TREASURER 1.00
Officer Director
$0 $0 $0
PAMELA WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE SCHUMACHER BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA LAWRENCE BOARD MEMBER 1.00
Director
$0 $0 $0
RONALD LYNCH BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK VICE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HUTCHINGS BOARD MEMBER 1.00
Director
$0 $0 $0
EUGENA O'CULL BOARD MEMBER 1.00
Director
$0 $0 $0
TINA TEEGARDEN BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY TROVATO EXECUTIVE DIRECTOR 40.00
Officer
$169,772 $21,981 $191,753
DR CHARLES MCKINLEY MEDICAL DIRECTOR 40.00
Highest
$143,038 $7,097 $150,135
ELLEN MOORE PHARMACIST 40.00
Highest
$148,394 $28,442 $176,836
DEREK SHAWN FLAUGHER DIRECTOR OF BUSINESS OPS. 40.00
Highest
$109,121 $26,492 $135,613
TRAVIS STEVENS NURSE PRACTITIONER 49.00
Highest
$125,379 $18,760 $144,139
SARAH SHEPHERD CLINICAL SERVICE DIRECTOR 40.00
Highest
$107,534 $6,440 $113,974
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 $13,458,096 $14,706,465 $43,043,868 $-1,248,369
2022 $14,057,531 $14,405,509 $41,519,942 $-347,978
2021 $17,180,027 $14,159,953 $46,648,059 $3,020,074
2020 $16,514,845 $15,416,844 $41,706,413 $1,098,001
2019 $16,090,124 $15,546,759 $39,278,228 $543,365
2018 $17,516,930 $15,857,072 $35,647,788 $1,659,858
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