The Brightspring Hospice Foundation (EIN 811951465) - 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

2016

Legal Domicile

Phone

8442341698

Tax Period

2024-07-01 to 2025-06-30

The Brightspring Hospice Foundation, founded in 2016, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 1236% from the prior year, signaling strong growth momentum. The organization ran a surplus of $937K, a strong 25% operating margin.

Mission

The Brightspring Hospice Foundation's mission is to provide hospice patients and their families with essential non-hospice support that they are unable to otherwise afford.

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,387

Program Service Revenue $3,566,669

Investment Income $88

Other Revenue $0

TOTAL REVENUE $3,769,144

Expense Breakdown

Grants Paid $141,622

Salaries & Benefits $1,041,187

Fundraising Expenses $0

Program Expenses $2,416,827

Other Expenses $1,649,493

TOTAL EXPENSES $2,832,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,769,144	$282,141	+12.4%
Expenses	$2,832,302	$131,447	+20.5%
Net Income	$936,842	$150,694	+5.2%

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

N/A

Volunteers

225

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

$617,621

Total Directors

$617,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Phipps	Treasurer	0.5	Officer Director	$0	$0	$0
KJ Becker	Treasurer (Thru 01/25)	0.5	Officer Director	$0	$0	$0
Mike McMaude	President	1.0	Officer Director	$0	$0	$617,621
LEIGH WHITE	Board Member	0.5	Director	$0	$0	$0
Lisa Nalley	Board Member	0.5	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
2025	$3,769,144	$2,832,302	$3,608,743	$936,842
2024	$282,141	$131,447	$282,593	$150,694
2023	$151,229	$138,461	$131,899	$12,768
2022	$379,269	$283,221	$119,131	$96,048

The Brightspring Hospice Foundation