HOSPICE OF SPOKANE (EIN 910995069) - 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

1976

Legal Domicile

Principal Officer

GINA DRUMMOND

Phone

5094560438

Tax Period

2023-01-01 to 2023-12-31

HOSPICE OF SPOKANE, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $23.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $20.7M left a modest 13% surplus.

Mission

HOSPICE OF SPOKANE PROVIDES A HOLISTIC APPROACH TO END-OF-LIFE CARE, ADDRESSING THE MEDICAL, EMOTIONAL, PSYCHOLOGICAL, AND SPIRITUAL NEEDS OF THE TERMINALLY ILL PERSON AND THEIR LOVED ONES.

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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 $996,509

Program Service Revenue $21,597,450

Investment Income $1,222,676

Other Revenue $73,785

TOTAL REVENUE $23,890,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,483,233

Fundraising Expenses $267,907

Program Expenses $17,750,496

Other Expenses $7,225,461

TOTAL EXPENSES $20,708,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,890,420	$20,746,325	+0.2%
Expenses	$20,708,694	$20,879,436	0.0%
Net Income	$3,181,726	$-133,111	-24.9%

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

169

Volunteers

164

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

$513,575

Total Directors

Key Employees

$306,382

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA DRUMMOND	CEO	40.00	Officer	$303,544	$25,764	$329,308
BRIAN SEPPI	CMO	40.00	Key Emp	$279,030	$27,352	$306,382
APRIL HANSON	DIRECTOR OF	40.00	Highest	$172,652	$23,955	$196,607
RUSSELL HAAKINSON	FINANCE DIRE	40.00	Officer	$165,410	$18,857	$184,267
COLLEEN CONNORS	HR DIRECTOR	40.00	Highest	$147,643	$17,946	$165,589
CHERYL KADMIRI	NURSE PRACTI	40.00	Highest	$141,957	$17,180	$159,137
COLLEEN BURNS	NURSE PRACTI	40.00	Highest	$143,779	$13,965	$157,744
STEVE OLVERA	IT DIRECTOR	40.00	Highest	$135,109	$17,371	$152,480
ROBERT HAWLEY	CHAIR	1.00	Officer Director	$0	$0	$0
ROCHELLE CROLLARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEN FRY	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE PAYNE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRETT LARSEN	TRUSTEE	1.00	Director	$0	$0	$0
CAROL HUNTER	TRUSTEE	1.00	Director	$0	$0	$0
LARRY SWARTZ	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE NOVAN	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE CAMERON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BAUMGARTNER	TRUSTEE	1.00	Director	$0	$0	$0
ADRIANE LEITHAUSER	TRUSTEE	1.00	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	$23,890,420	$20,708,694	$66,856,508	$3,181,726
2022	$20,746,325	$20,879,436	$58,717,953	$-133,111
2021	$28,164,728	$22,043,694	$65,803,539	$6,121,034
2020	$24,919,029	$22,667,773	$57,565,431	$2,251,256
2019	$25,435,650	$22,290,978	$50,991,065	$3,144,672
2018	$24,242,294	$21,645,888	$44,553,783	$2,596,406

HOSPICE OF SPOKANE