HOSPICE OF LUBBOCK INC (EIN 752133781) - 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

1986

Legal Domicile

Principal Officer

JEREMY L BROWN MD

Phone

8067952751

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF LUBBOCK INC, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $14.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $13.5M left a modest 4% surplus.

Mission

AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

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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 $153,496

Program Service Revenue $13,365,543

Investment Income $579,701

Other Revenue $3,110

TOTAL REVENUE $14,101,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,223,785

Fundraising Expenses $0

Program Expenses $13,421,848

Other Expenses $8,246,234

TOTAL EXPENSES $13,470,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,101,850	$12,861,412	+0.1%
Expenses	$13,470,019	$12,558,669	+0.1%
Net Income	$631,831	$302,743	+1.1%

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

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

$1,177,762

Total Directors

$447,504

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY L BROWN MD	EXEC DIRECTOR/CEO/MEDICAL DIRECTOR	54.00	Officer Director	$0	$72,052	$447,504
BRAD AGEE	BOARD MEMBER/SECR. - THRU 12/31/23	1.00	Director	$0	$0	$0
BRADLEY WHITE	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN GIIBSON	BOARD MEMBER/CHAIR	1.00	Director	$0	$0	$0
KYLE PHILLIPS	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA STORY	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA ROBERTSON	BOARD MEMBER/VICE CHAIR	1.00	Director	$0	$0	$0
MARILY MURFEE	BOARD MEMBER	0.50	Director	$0	$0	$0
PATTY FREIER	BOARD MEMBER	0.50	Director	$0	$0	$0
TIANA HAYSLIP	BOARD MEMBER	0.50	Director	$0	$0	$0
MELONIE PIPES	CFO - THRU 10/23	14.00	Officer	$0	$32,497	$256,989
JENNIFER BRYAN	CFO (PART YEAR)	8.00	Officer	$0	$40,067	$235,862
KATHLEEN BURRELL	SECR. CHIEF GOVERNANCE OFF. (PT YR)	7.50	Officer	$0	$31,334	$193,718
LINDZI TIMBERLAKE	SECRETARY - THRU 3/23	0.50	Officer	$0	$3,401	$43,689
CASSANDRA JUSTUS	HOSPICE CARE MANAGER RN	50.00	Highest	$161,646	$53,706	$215,352
NATALIE PATRIDGE	LEAD HOSPICE CARE MGR RN	50.00	Highest	$147,273	$22,375	$169,648
LAURA SAWYER	MANAGER HOSPICE RN	50.00	Highest	$134,621	$31,997	$166,618
LESLIE MAUL	NURSE PRACTITIONER	50.00	Highest	$118,274	$29,912	$148,186
CINDY LAND	DIRECTOR HOSPICE RN	50.00	Highest	$122,793	$23,888	$146,681
JAMES KELLY	FRMR OFF. - VP SENIOR CORP COUNSEL	0.00		$0	$104,422	$808,682

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	$14,101,850	$13,470,019	$26,568,957	$631,831
2022	$12,861,412	$12,558,669	$23,660,402	$302,743
2021	$12,394,038	$11,693,704	$23,034,161	$700,334
2020	$12,324,623	$11,520,387	$19,914,487	$804,236
2019	$11,058,168	$10,755,033	$14,497,726	$303,135
2018	$9,803,559	$8,788,267	$10,929,681	$1,015,292

HOSPICE OF LUBBOCK INC