California Hospice Network (EIN 834716484) - 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

2019

Legal Domicile

Phone

8885462978

Tax Period

2023-07-01 to 2024-06-30

California Hospice Network, founded in 2019, is a small nonprofit in the Health Care sector that reported $554K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $493K left a modest 11% surplus.

Mission

Providing administrative, programmatic, and other support to charitable organizations that care for individuals and families living with serious illnesses, and to promote sustainable and innovative care for these individuals.

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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 $554,114

Investment Income $0

Other Revenue $0

TOTAL REVENUE $554,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,503

Fundraising Expenses $0

Program Expenses $395,194

Other Expenses $418,821

TOTAL EXPENSES $493,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,114	$584,958	-0.1%
Expenses	$493,324	$539,076	-0.1%
Net Income	$60,790	$45,882	+0.3%

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

$328,356

Total Directors

$636,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Volkerts	Board Director, Treasurer, Secretary	2.0	Officer Director	$0	$0	$0
Richard Clark	Board Director, President	2.0	Officer Director	$0	$0	$0
Catherine Conway	Board Member	5.0	Director	$0	$19,947	$327,606
Craig Dresang	Board Member	5.0	Director	$0	$19,180	$308,887
David Franco	Board Director	2.0	Director	$0	$0	$0
Heidi Wingo	Board Member	5.0	Director	$0	$0	$0
Howard Wilson	Board Director	2.0	Director	$0	$0	$0
Jeff Gerard	Board Director (partial year)	2.0	Director	$0	$0	$0
Julia Cowell	Board Director (Partial Year)	2.0	Director	$0	$0	$0
Julie Sheehan	Board Director	2.0	Director	$0	$0	$0
Owen Brown	Board Director (Partial Year)	2.0	Director	$0	$0	$0
Sally Bergman	Board Director (partial year)	2.0	Director	$0	$0	$0
Adam Shore	Chief Financial Officer	8.0	Officer	$0	$2,699	$226,356
Michael Milward	Chief Executive Officer	8.0	Officer	$0	$4,500	$102,000

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	$554,114	$493,324	$176,819	$60,790
2023	$584,958	$539,076	$325,146	$45,882
2022	$458,774	$521,213	$271,198	$-62,439
2021	$910,423	$890,068	$345,416	$20,355
2020	$843,360	$814,260	$320,362	$29,100

California Hospice Network