CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE HOSPICE OF THE WESTERN RESERVE FOUNDATION, founded in 2021, is a mid-sized nonprofit that reported $15.7M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 59% operating margin.
THE FOUNDATION HAS BEEN FORMED BY HOSPICE OF THE WESTERN RESERVE (HWR) FOR THE PURPOSES OF CONTINUING THE PHILANTHROPIC AND FUNDRAISING ACTIVITIES THAT HAVE TRADITIONALLY BEEN UNDERTAKEN BY HWR. AS A SUPPORTING ORGANIZATION OF HWR, THE FOUNDATION HAS BEEN FORMED FOR THE PURPOSES OF HELPING TO ENSURE THE FINANCIAL SUSTAINABILITY OF HWR THROUGH AMBASSADORSHIP, ADVOCACY, FUNDRAISING, AND TO ESTABLISH AN ENDOWMENT FOR THE BENEFIT OF HWR AND ITS MISSION. THIS WILL ALLOW HWR TO FOCUS ON PROVIDING HOSPICE CARE TO ITS PATIENTS, WHILE THE FOUNDATION WILL FOCUS ON FUNDRAISING.
THE FOUNDATION HAS BEEN FORMED FOR THE PURPOSES OF TAKING THE LEAD IN FUNDRAISING FOR HWR. IN THIS RESPECT, THE FOUNDATION WILL ASSUME MANY OF THE FUNDRAISING ACTIVITIES CURRENTLY ENGAGED IN BY HWR...
THE FOUNDATION HAS BEEN FORMED FOR THE PURPOSES OF TAKING THE LEAD IN FUNDRAISING FOR HWR. IN THIS RESPECT, THE FOUNDATION WILL ASSUME MANY OF THE FUNDRAISING ACTIVITIES CURRENTLY ENGAGED IN BY HWR. THESE ACTIVITIES INCLUDE, WITHOUT LIMITATION: SOLICITING DONATIONS, ENGAGING IN PLANNED GIVING, SOLICITING GOVERNMENT, CHARITIES, AND FOUNDATIONS FOR GRANTS, SOLICITING INSTITUTIONAL SUPPORT FROM BUSINESSES, SPONSORING CHARITY DRIVES, GALAS, DINNERS, DONOR EVENTS, CHARITY AUCTIONS, AND OUTINGS, INCLUDING HWR'S ANNUAL FUNDRAISER, GENERATING MAILINGS, SOCIAL MEDIA AND TELEPHONE OUTREACH.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,664,262 | $8,842,057 | +0.8% |
| Expenses | $6,424,112 | N/A | N/A |
| Net Income | $9,240,150 | $8,842,057 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| WILLIAM E FINN | DIRECTOR | 1.00 |
Officer
Director
|
$0 | $36,451 | $632,953 |
| JEFFREY KOVACS | DIRECTOR & TREASURER | 1.00 |
Officer
Director
|
$0 | $18,550 | $309,763 |
| LAURA RAYBURN | PRESIDENT OF HWR FOUNDATIO | 40.00 |
Officer
Director
|
$0 | $28,740 | $241,899 |
| WILLIAM BOWMAN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AL CONNORS | DIRECTOR & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHY JADALLAH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PEGGI MIZEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE KOVALCHECK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY FOTI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER WAITE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CINDY AMES HUFFMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE DAVIS HOOSENALLY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GWEN RIFICI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $15,664,262 | $6,424,112 | $18,627,718 | $9,240,150 |
| 2023 | $8,842,057 | No data | $8,870,390 | No data |
| 2022 | No data | No data | No data | No data |
| 2021 | No data | No data | No data | No data |
Compare THE HOSPICE OF THE WESTERN RESERVE FOUNDATION with other nonprofits in Ohio and across the country.