HOSPICE AND PALLIATIVE CARE OF NORTHERN COLORADO (EIN 840777089) - 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

1978

Legal Domicile

Principal Officer

SCOTT R GRESSER

Phone

3036045241

Tax Period

2022-01-01 to 2022-12-31

HOSPICE AND PALLIATIVE CARE OF NORTHERN COLORADO, founded in 1978, is a small nonprofit that reported $421K in total revenue in fiscal year 2022. Expenses of $752K exceeded revenue, resulting in a 79% operating deficit.

Mission

PURPOSES ARE: HOLDING TITLE TO PROPERTY, AND COLLECTING INCOME FROM THE PROPERTY AND TURNING THE INCOME OVER LESS EXPENSES TO TRU COMMUNITY CARE, A COLORADO NONPROFIT CORPORATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $420,612

Other Revenue $290

TOTAL REVENUE $420,902

Expense Breakdown

Grants Paid $637,309

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $114,559

TOTAL EXPENSES $751,868

Year-over-Year Comparison

	2022	2021	Change
Revenue	$420,902	$-2,928	-144.8%
Expenses	$751,868	$197,422	+2.8%
Net Income	$-330,966	$-200,350	+0.7%

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

N/A

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

$630,848

Total Directors

$624,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT GRESSER	PRESIDENT/CEO	1.0	Officer Director	$0	$15,826	$352,985
MICHAEL MCHALE	PRESIDENT/CEO - THRU 4/2022	1.0	Officer Director	$0	$7,073	$271,248
JERRY DURST	CFO (BEG 12/22)	1.0	Officer	$0	$0	$6,615
MIKE LAMMERS	CHAIR	1.0	Officer Director	$0	$0	$0
ANDE BERNTHAL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
KYLE BROWN	SECRETARY	1.0	Officer Director	$0	$0	$0
DEBORAH KELLY	TREASURER	1.0	Officer 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
2022	$420,902	$751,868	$42,578	$-330,966
2021	$-2,928	$197,422	$392,086	$-200,350
2020	$42,762	$-3,220	$559,378	$45,982
2018	$1,530,571	$2,624,305	$1,447,807	$-1,093,734

HOSPICE AND PALLIATIVE CARE OF NORTHERN COLORADO