LAMAR AREA HOSPICE ASSOCIATION (EIN 742311020) - 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

1989

Legal Domicile

Principal Officer

JOYCE REEDY

Tax Period

2023-01-01 to 2023-12-31

LAMAR AREA HOSPICE ASSOCIATION, founded in 1989, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 15% surplus.

Mission

PAIN MANAGEMENT AND COUNSELING

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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 $323,938

Program Service Revenue $1,516,408

Investment Income $7,870

Other Revenue $0

TOTAL REVENUE $1,848,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,120,287

Fundraising Expenses $46,976

Program Expenses $1,269,113

Other Expenses $451,240

TOTAL EXPENSES $1,571,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,848,216	$1,436,407	+0.3%
Expenses	$1,571,527	$1,421,372	+0.1%
Net Income	$276,689	$15,035	+17.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY PEACOCK	DIRECTOR	1.00	Director	$0	$0	$0
COLEEN TINNES	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LENING	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STEWARD	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE REEDY	PRES	2.00	Officer	$0	$0	$0
VALERIE EMICK	V PRES	1.00	Officer	$0	$0	$0
SHARRON OXLEY	SECR	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,848,216	$1,571,527	$3,222,415	$276,689
2022	$1,436,407	$1,421,372	$2,944,585	$15,035
2021	$1,233,413	$1,276,058	$2,927,644	$-42,645
2020	$1,560,294	$1,175,220	$2,966,401	$385,074
2019	$1,191,962	$1,106,782	$2,611,581	$85,180
2018	$1,230,846	$1,179,980	$2,502,306	$50,866

LAMAR AREA HOSPICE ASSOCIATION