HMC Hospice Properties (EIN 814244839) - 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

3256702000

Tax Period

2023-09-01 to 2024-08-31

HMC Hospice Properties, founded in 2016, is a community nonprofit in the Health Care sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 295% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 86% operating margin.

Mission

TO CONSTRUCT AND HOLD A NEW HOSPICE FACILITY IN FURTHERANCE OF THE MISSION OF HENDRICK MEDICAL CENTER AND AFFILIATES.

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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 $0

Program Service Revenue $426,039

Investment Income $100,150

Other Revenue $2,683,702

TOTAL REVENUE $3,209,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,680

Other Expenses $444,099

TOTAL EXPENSES $444,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,209,891	$812,095	+3.0%
Expenses	$444,099	$772,400	-0.4%
Net Income	$2,765,792	$39,695	+68.7%

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

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

$2,874,844

Total Directors

$2,874,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Holland	CHAIR	2.0	Officer Director	$0	$211,018	$1,644,883
DOUG MCINTYRE	TRUSTEE	2.0	Officer Director	$0	$0	$0
Jeremy Walker	Treasurer	2.0	Officer Director	$0	$70,987	$743,592
Susan Wade	VICE CHAIR	2.0	Officer Director	$0	$42,183	$486,369
Brian Bessent	VICE PRESIDENT	2.0		$0	$68,226	$477,413

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	$3,209,891	$444,099	$130,085	$2,765,792
2023	$812,095	$772,400	$32,452,870	$39,695
2022	$822,130	$999,469	$32,843,527	$-177,339
2021	$653,574	$747,396	$17,919,109	$-93,822
2020	$644,972	$759,504	$19,125,841	$-114,532
2019	$636,336	$787,705	$19,237,634	$-151,369
2018	$445,621	$800,870	$19,387,238	$-355,249

HMC Hospice Properties