Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Hospice of the Western Reserve at University Hospitals LLC, founded in 2018, is a mid-sized nonprofit that reported $31.9M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $30.5M left a modest 4% surplus.
THE COMPANY IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE PURPOSES FOR WHICH THE COMPANY IS ORGANIZED ARE TO CONDUCT THE BUSINESS OF PROVIDING, OR ARRANGING FOR THE PROVISION OF, HOSPICE, PALLIATIVE CARE, AND HOME-BASED SUPPORT SERVICES.
HOSPICE CARE SERVICES ARE ABOUT PROVIDING PEOPLE (ADULTS AND CHILDREN) WITH A LIFE-LIMITING ILLNESS, AND THEIR FAMILIES WITH CHOICES AND DIGNITY. CARE IS PROVIDED WHEREVER THE PATIENTS LIVE; IN THEIR...
HOSPICE CARE SERVICES ARE ABOUT PROVIDING PEOPLE (ADULTS AND CHILDREN) WITH A LIFE-LIMITING ILLNESS, AND THEIR FAMILIES WITH CHOICES AND DIGNITY. CARE IS PROVIDED WHEREVER THE PATIENTS LIVE; IN THEIR HOME, IN A HOSPITAL, ASSISTED LIVING/LONG-TERM CARE FACILITY OR AT HOSPICE HOUSE RESIDENTIAL FACILITIES. IN 2023, HOSPICE OF WESTERN RESERVE AT UNIVERSITY HOSPITALS, LLC PROVIDED 121,648 PATIENT DAYS. CARE IS PROVIDED BY A TEAM OF PAID STAFF AND VOLUNTEERS WHO ARE AVAILABLE 24-HOURS A-DAY, SEVEN DAYS A WEEK. ADDITIONALLY, BEREAVEMENT SERVICES ARE PROVIDED FOR FAMILIES FOR MORE THAN A YEAR FOLLOWING THE LOSS OF A LOVED ONE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $31,861,857 | $24,801,506 | +0.3% |
| Expenses | $30,463,629 | $24,616,602 | +0.2% |
| Net Income | $1,398,228 | $184,904 | +6.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Peter Pronovost MD | Board Member | 1.0 |
Director
|
$0 | $206,750 | $1,025,785 |
| William E Finn | President | 1.0 |
Officer
Director
|
$0 | $36,536 | $569,828 |
| David Sylvan | SECRETARY | 1.0 |
Officer
Director
|
$0 | $101,583 | $488,851 |
| BROOKE NUTTER | VICE PRESIDENT | 1.0 |
Officer
Director
|
$0 | $23,476 | $285,375 |
| Judy Bartel | Board Member/CCO | 1.0 |
Officer
Director
|
$0 | $30,741 | $278,971 |
| JEFFREY KOVACS | TREASURER | 1.0 |
Officer
Director
|
$0 | $13,881 | $247,245 |
| Christopher Miller | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $31,861,857 | $30,463,629 | $6,964,133 | $1,398,228 |
| 2022 | $24,801,506 | $24,616,602 | $6,955,930 | $184,904 |
| 2021 | $23,652,011 | $23,339,255 | $5,129,843 | $312,756 |
| 2020 | $24,788,388 | $24,896,939 | $4,853,510 | $-108,551 |
| 2019 | $18,545,489 | $17,982,136 | $4,538,322 | $563,353 |
Compare Hospice of the Western Reserve at University Hospitals LLC with other nonprofits in Ohio and across the country.