Hoffmann Hospice of The Valley

EIN: 770386207 501(c)(3) Human Services

Bakersfield, CA

Total Revenue
$23,567,308
Total Expenses
$20,596,788
Total Assets
$25,935,342
Net Assets
$21,248,733
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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
1995
Legal Domicile
CA
Principal Officer
JIM WREN
Phone
6614101010
Tax Period
2023-01-01 to 2023-12-31

Hoffmann Hospice of The Valley, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $23.6M in total revenue in fiscal year 2023. Expenses of $20.6M left a modest 13% surplus.

Mission

THE ORGANIZATION PROVIDES SPIRITUAL, PHYSICAL, AND EMOTIONAL SUPPORT TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES.

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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 $418,303
Program Service Revenue $22,842,634
Investment Income $492,978
Other Revenue $-186,607
TOTAL REVENUE $23,567,308

Expense Breakdown

Grants Paid $98,032
Salaries & Benefits $13,663,719
Fundraising Expenses $0
Program Expenses $13,557,909
Other Expenses $6,835,037
TOTAL EXPENSES $20,596,788

Year-over-Year Comparison

2023 2022 Change
Revenue $23,567,308 $22,574,954 +0.0%
Expenses $20,596,788 $20,320,495 +0.0%
Net Income $2,970,520 $2,254,459 +0.3%
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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Governance

Voting Members
6
Independent Members
5
Employees
227
Volunteers
85

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
2
$307,769
Total Directors
6
$307,769
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH HOFFMANN Secretary/Treas 40.00
Officer Director
$281,144 $26,625 $307,769
Ross Hoffman Director of Operations 40.00
$180,480 $17,719 $198,199
Laura Dobson Patient Care Coord 40.00
$158,788 $16,594 $175,382
Darci Nieto HR Manager 40.00
$158,977 $8,773 $167,750
Cynthia Holzworth Registered Nurse 40.00
$145,803 $15,190 $160,993
Jennifer Ignacio Nurse Practitioner 40.00
$149,947 $7,497 $157,444
Timothy Boone Registered Nurse 40.00
$130,043 $18,640 $148,683
GROVER WALDON Director 1.00
Director
$0 $0 $0
JIM WREN Chairman 4.00
Officer Director
$0 $0 $0
DARLENE MOHLKE Director 1.00
Director
$0 $0 $0
TONY HOGG Director 1.00
Director
$0 $0 $0
ROBIN MCNABB Director 1.00
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 $23,567,308 $20,596,788 $25,935,342 $2,970,520
2022 $22,574,954 $20,320,495 $22,417,962 $2,254,459
2021 $21,994,713 $18,925,022 $17,518,325 $3,069,691
2020 $21,224,385 $20,518,993 $15,829,391 $705,392
2019 $21,248,558 $16,248,276 $13,469,474 $5,000,282
2018 $15,340,622 $14,671,272 $8,346,367 $669,350
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