HOSPICE OF WEST ALABAMA INC (EIN 630799225) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

LATRELLE HALLUM

Phone

2055230101

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF WEST ALABAMA INC, founded in 1982, is a community nonprofit in the Human Services sector that reported $8.7M in total revenue in fiscal year 2018. Expenses of $8.2M left a modest 6% surplus.

Mission

HOSPICE PROVIDES A MULTI-DISCIPLINARY PROGRAM OF CARE IN THE FINAL STAGES OF A TERMINALLY ILL PATIENTS' LIFE AND SUPPORT THE FAMILY. THE ORGANIZATION OFFERS BOTH INPATIENT AND OUTPATIENT SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,079,592

Program Service Revenue $8,933,070

Investment Income $46,192

Other Revenue $-6,066

TOTAL REVENUE $11,052,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,909,501

Fundraising Expenses $99,349

Program Expenses $7,700,672

Other Expenses $3,520,539

TOTAL EXPENSES $9,430,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,052,788	$9,184,916	+0.2%
Expenses	$9,430,040	$8,791,978	+0.1%
Net Income	$1,622,748	$392,938	+3.1%

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

112

Volunteers

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

$186,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JENNA COOPER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN CORDER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAUDE EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JARED ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
SAM FAUCETT	DIRECTOR	1.00	Director	$0	$0	$0
FRED HAHN	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY HAMNER	DIRECTOR	1.00	Director	$0	$0	$0
LEE HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS JONES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KUHN	DIRECTOR	1.00	Director	$0	$0	$0
JAY LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
GIL MCKEE	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
MALLARY MYERS	DIRECTOR	1.00	Director	$0	$0	$0
GARY NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
NICCOLE POOLE	DIRECTOR	1.00	Director	$0	$0	$0
TRIPP POWELL	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL TAYLOR	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW TOMPKINS	DIRECTOR	1.00	Director	$0	$0	$0
TERRY WATERS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SKAGEN	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN WILLHITE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WINTER	SECRETARY	1.00	Officer Director	$0	$0	$0
DR MARK WOODS	DIRECTOR	1.00	Director	$0	$0	$0
LATRELLE HALLUM	EXECUTIVE DIRECTOR	40.00	Officer	$186,562	$0	$186,562
TINA SUDDUTH	NURSE PRACTICIONER	40.00	Highest	$135,283	$0	$135,283
MELAINE ROBERTSON	VP OF FINANCE	40.00	Highest	$107,661	$0	$107,661
JOAN WELLS	DIRECTOR OF NURSING	40.00	Highest	$103,168	$0	$103,168

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	$11,052,788	$9,430,040	$7,028,339	$1,622,748
2023	$9,184,916	$8,791,978	$8,646,520	$392,938
2022	$7,059,883	$7,527,913	$7,997,398	$-468,030
2021	$7,339,888	$7,763,943	$7,281,718	$-424,055
2020	$7,494,558	$7,144,068	$7,705,812	$350,490
2019	$8,278,066	$7,846,731	$7,351,289	$431,335
2018	$8,690,942	$8,196,022	$6,939,996	$494,920

HOSPICE OF WEST ALABAMA INC