HOSPICE OF EAST TEXAS

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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

1982

Legal Domicile

Principal Officer

MARJORIE REAM

Phone

9032663400

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF EAST TEXAS, founded in 1982, is a mid-sized nonprofit that reported $22.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $22.0M left a modest 4% surplus.

Mission

HOSPICE OF EAST TEXAS SEEKS TO ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES DEALING WITH LIFE-LIMITING ILLNESS AND TO ASSIST BEREAVED FAMILY MEMBERS BY PROVIDING COMPREHENSIVE, COORDINATED CARE AND SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $20,650,197 Revenue: $18,728,477

TO SUPPORT AND CARE FOR PERSONS WHO HAVE INCURABLE AND/OR TERMINAL ILLNESS AND MEMBERS OF THEIR FAMILIES. SERVICE IS PROVIDED TO OVER 300 PATIENTS PATIENTS ON ANY GIVEN DAY. HOSPICE OF EAST TEXAS...

TO SUPPORT AND CARE FOR PERSONS WHO HAVE INCURABLE AND/OR TERMINAL ILLNESS AND MEMBERS OF THEIR FAMILIES. SERVICE IS PROVIDED TO OVER 300 PATIENTS PATIENTS ON ANY GIVEN DAY. HOSPICE OF EAST TEXAS ALSO OFFERS A COMPREHENSIVE BEREAVEMENT SUPPORT PROGRAM TO PATIENTS' FAMILIES AND TO THE COMMUNITY.

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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 $4,294,108

Program Service Revenue $18,728,477

Investment Income $98,989

Other Revenue $-226,959

TOTAL REVENUE $22,894,615

Expense Breakdown

Grants Paid $1,259,793

Salaries & Benefits $14,331,103

Fundraising Expenses $2,383

Program Expenses $20,650,197

Other Expenses $6,394,822

TOTAL EXPENSES $21,985,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,894,615	$18,422,197	+0.2%
Expenses	$21,985,718	$20,707,290	+0.1%
Net Income	$908,897	$-2,285,093	-1.4%

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

250

Volunteers

175

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

$289,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARJORIE REAM	President & CEO	40.00	Officer	$231,300	$57,703	$289,003
CAMMIE BEDELL	NURSE PRACTIONER	40.00		$198,846	$24,484	$223,330
KURT LORENZ	PHARMACY DIR	40.00		$176,625	$34,079	$210,704
CHRISTIE BAGGETT	VP OPERATIONS	40.00		$171,762	$27,556	$199,318
AMY EVERETT	NURSE PRACTITIONER	40.00		$143,861	$27,657	$171,518
KRISTY MORRIS	VP Clinicals	40.00		$107,381	$27,238	$134,619
MICHEAL R ROWAN	DIR. FAMILY OPER.	40.00		$98,212	$35,802	$134,014
MIKE ALLEN	Director	0.00	Director	$0	$0	$0
JANA AUTRY	Director	0.00	Director	$0	$0	$0
BOB ROSEMAN	PAST CHAIR	0.00	Officer Director	$0	$0	$0
SAM GREENBERG	Director	0.00	Director	$0	$0	$0
KATHY BABIN	Director	0.00	Director	$0	$0	$0
RICK JETT	EX OFFICIO	0.00	Director	$0	$0	$0
VICKI BRIGGS	Secretary	0.00	Officer Director	$0	$0	$0
SHANNON DACUS	Treasurer	0.00	Officer Director	$0	$0	$0
JULIE GREENE	Director	0.00	Director	$0	$0	$0
ARTIS NEWSOME	Director	0.00	Director	$0	$0	$0
DR SUHEL PATEL	Director	0.00	Director	$0	$0	$0
DR JULIE PHILLEY	Director	0.00	Director	$0	$0	$0
NATHAN ATKINSON	Director	0.00	Director	$0	$0	$0
CHARLES HILL	Director	0.00	Director	$0	$0	$0
PATTY STEELMAN	Director	0.00	Director	$0	$0	$0
KATHRYN LAKE	Director	0.00	Director	$0	$0	$0
TRACY LISNER	Director	0.00	Director	$0	$0	$0
ELLEN TRANT	Director	0.00	Director	$0	$0	$0
ROBERT BAILES	Director	0.00	Director	$0	$0	$0
JAY WARD	Director	0.00	Director	$0	$0	$0
KELLY ELTIFE	Director	0.00	Director	$0	$0	$0
DR LAURA FERGUSON	EX OFFICIO	0.00	Director	$0	$0	$0
DR TOM BEETS	Director	0.00	Director	$0	$0	$0
GARNETT BROOKSHIRE	CHAIRMAN	0.00	Officer Director	$0	$0	$0
SHELLEY BROPHY	Director	0.00	Director	$0	$0	$0
REV RALPH CARAWAY	Director	0.00	Director	$0	$0	$0
SHERRY DUNN	VICE-CHAIRMAN	0.00	Officer Director	$0	$0	$0
RANJIT KODALI	Director	0.00	Director	$0	$0	$0
AARON MARTINEZ	Director	0.00	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
2024	No data	No data	No data	No data
2023	$22,894,615	$21,985,718	$28,170,943	$908,897
2022	$18,422,197	$20,707,290	$28,275,936	$-2,285,093
2021	$20,152,774	$20,576,755	$31,283,873	$-423,981
2020	$17,983,707	$19,122,451	$29,135,231	$-1,138,744
2019	$16,366,024	$18,338,552	$26,046,214	$-1,972,528
2018	$16,070,221	$18,338,946	$23,892,190	$-2,268,725