HOSPICE PARTNERS INC (EIN 770475425) - 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

1998

Legal Domicile

Principal Officer

TRICIA SMITH

Phone

8055477025

Tax Period

2022-07-01 to 2023-06-30

HOSPICE PARTNERS INC, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $12.5M in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 17% operating margin.

Mission

OUR MISSION IS TO HELP PEOPLE LIVE A BETTER LIFE. OUR TEAM OF MEDICAL PROFESSIONALS SUPPORTS PATIENTS AND THEIR FAMILIES THROUGH THE END OF LIFE JOURNEY WITH COMPASSION AND INTEGRITY, SO EVERYDAY OF THE PROCESS CAN BE ABOUT LIVING, UNTIL THE LAST ONE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,552,529

Program Service Revenue $10,968,626

Investment Income $12,780

Other Revenue $3,443

TOTAL REVENUE $12,537,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,617,934

Fundraising Expenses $0

Program Expenses $8,147,673

Other Expenses $4,779,404

TOTAL EXPENSES $10,397,338

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,537,378	$9,574,312	+0.3%
Expenses	$10,397,338	$8,962,480	+0.2%
Net Income	$2,140,040	$611,832	+2.5%

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

$795,841

Total Directors

$799,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRICIA SMITH	DIRECTOR/PRESIDENT/CEO	13.00	Officer Director	$0	$18,918	$504,149
DAVID OLIVER	DIRECTOR/CFO	8.00	Officer Director	$0	$35,949	$287,692
IRA R ALPERT	DIRECTOR/CHAIR	1.50	Officer Director	$0	$2,000	$2,000
TED J GREENBERG	DIRECTOR/SECRETARY	0.50	Officer Director	$0	$2,000	$2,000
TOM SHERMAN	DIRECTOR	0.50	Director	$0	$2,000	$2,000
GARY HARKINS	DIRECTOR	0.50	Director	$0	$0	$0
LORI RICHARDSON PELLICCIONI	DIRECTOR	0.50	Director	$0	$1,500	$1,500
KEVIN PARZYCH	CHIEF MEDICAL DIRECTOR	12.00	Highest	$0	$28,532	$373,747
KATHERINE BELT	REGISTERED NURSE	55.00	Highest	$150,748	$29,869	$180,617
BARBARA DEFIRMIAN	PHYSICIAN	31.00	Highest	$132,198	$17,345	$191,983
LYNN ROWLETT	REGISTERED NURSE	50.00	Highest	$111,797	$0	$111,797
KERI BOSTICK	CLINICAL MANAGER	40.00	Highest	$112,737	$14,772	$127,509
LAURIE SMITH	FORMER VP OF HOME HEALTH AND HOSPICE	0.00		$0	$33,899	$210,726

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	$12,537,378	$10,397,338	$9,493,053	$2,140,040
2022	$9,574,312	$8,962,480	$8,188,674	$611,832
2021	$9,015,396	$7,379,982	$7,375,553	$1,635,414
2020	$9,107,862	$7,305,309	$5,756,934	$1,802,553
2019	$7,644,191	$7,611,222	$2,963,850	$32,969
2018	$9,026,011	$8,158,716	$4,124,504	$867,295

HOSPICE PARTNERS INC