Hospice of the Western Reserve at University Hospitals LLC

EIN: 832806180 501(c)(3)

Cleveland, OH

Total Revenue
$31,861,857
Total Expenses
$30,463,629
Total Assets
$6,964,133
Net Assets
$3,850,690
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Principal Officer
WILLIAM E FINN
Phone
2163832222
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

WE PROVIDE PALLIATIVE END OF LIFE CARE, CAREGIVER SUPPORT, AND BEREAVEMENT SERVICES THROUGHOUT NORTHERN OHIO. WE STRIVE TO RELIEVE SUFFERING & ENHANCE COMFORT IN END OF LIFE CARE.

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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 $0
Program Service Revenue $31,858,887
Investment Income $1,514
Other Revenue $1,456
TOTAL REVENUE $31,861,857

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,693,059
Fundraising Expenses $0
Program Expenses $26,447,430
Other Expenses $19,770,570
TOTAL EXPENSES $30,463,629

Year-over-Year Comparison

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%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
297
Volunteers
1

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
5
$1,870,270
Total Directors
7
$2,896,055
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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