SKAGIT HOSPICE FOUNDATION

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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

2000

Legal Domicile

Principal Officer

RHONDA TINGLEY

Phone

3608145702

Tax Period

2024-01-01 to 2024-12-31

SKAGIT HOSPICE FOUNDATION, founded in 2000, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $485K, a strong 45% operating margin.

Mission

TO FUND THE PROGRAM AND SERVICES OF HOSPICE OF THE NOTHWEST TO ENSURE DIGNIFIED AND COMPASSIONATE CARE IS AVAILABLE TO ANYONE COPING WITH A LIFE-LIMITING DIAGNOSIS.ONE SIZE DOESN'T ALWAYS FIT ALL, ESPECIALLY WHEN IT COMES TO QUALITY OF LIFE. SOMETIMES, A PATIENT NEEDS SOMETHING THAT IS OUTSIDE OF WHAT IS CONSIDERED "ROUTINE" CARE BY MEDICINE AND MOST INSURANCE COMPANIES. SOMETIMES THOSE NEEDS ARE SIMPLE, LIKE A SECOND SET OF SHEETS, OR A BLENDER FOR A PATIENT WHO CAN ONLY TAKE LIQUIDS. AND SOMETIMES, THESE NEEDS CAN BE MUCH MORE CHALLENGING, LIKE THE PALLIATIVE RADIATION THERAPY THAT COULD HELP A BED-BOUND PATIENT WALK IN HER GARDEN AGAIN. THESE NEEDS ARE CALLED ATYPICAL TREATMENTS AND THEY ARE ESSENTIAL TO A PATIENT'S COMFORT AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $358,166

PROGRAMS SUPPORT HOSPICE CARE IN FOUR COUNTIES (SKAGIT, ISLAND, SNOHOMISH, SAN JUAN). THESE FUNDS HELP TO ENSURE THAT COMPASSION AND DIGNITY ARE ALWAYS FIRST AND FOREMOST AT THE END OF LIFE. BECAUSE OF THE CONTINUED SUPPORT OF OUR DONORS, THE FOUNDATION WAS ABLE TO MEET OUR EXPECTED FINANCIAL PROMISES AND REMAIN FLEXIBLE ENOUGH TO SUPPORT HOSPICE OF THE NORTHWEST WITH THEIR SHIFTING NEEDS.THE FOUNDATION MAINTAINS A PLATINUM DESIGNATION, THE HIGHEST RANK, BY GUIDESTAR. GUIDESTAR IS A NATIONAL AGENCY THAT RATES THE TRANSPARENCY AND GOVERNANCE OF NON-PROFIT ORGANIZATIONS.INTEGRATIVE THERAPY: AT THE END OF LIFE, SYMPTOMS OF PAIN AND SUFFERING CAN BECOME MORE PRONOUNCED. FOR THESE PATIENTS, INTEGRATIVE THERAPIES LIKE MUSIC AND MASSAGE CAN HELP MANAGE THEIR PAIN, ANXIETY, NAUSEA, DEPRESSION, AS WELL AS IMPROVE THEIR SLEEP AND RESTFULNESS. INTEGRATIVE THERAPIES ARE FUNDED SOLELY THROUGH DONOR FUNDS. PROTECTIVE PROTOCOLS AND EQUIPMENT ALLOW FOR SAFE MASSAGE AND MUSIC THERAPY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $762,236

Program Service Revenue $0

Investment Income $333,044

Other Revenue $-8,889

TOTAL REVENUE $1,086,391

Expense Breakdown

Grants Paid $324,387

Salaries & Benefits $167,657

Fundraising Expenses $99,263

Program Expenses $358,166

Other Expenses $109,795

TOTAL EXPENSES $601,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,086,391	$635,451	+0.7%
Expenses	$601,839	$689,566	-0.1%
Net Income	$484,552	$-54,115	-10.0%

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

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

$168,636

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA TINGLEY	PRESIDENT	0.25	Officer Director	$0	$0	$0
HUGH PIERCE	TREASURER	0.25	Officer Director	$0	$0	$0
MEGAN WALKER	SECRETARY	0.25	Officer Director	$0	$0	$0
JONATHAN LYONS	EX-OFFICIO	0.25	Director	$0	$0	$0
INGRID THORNTON	TRUSTEE	0.25	Director	$0	$0	$0
JOHN LACKEY	TRUSTEE	0.25	Director	$0	$0	$0
DAVID LUKOV	TRUSTEE	0.25	Director	$0	$0	$0
HEIDI TURNER	TRUSTEE	0.25	Director	$0	$0	$0
LAURIE PITNER	EXECUTIVE DIRECTOR THROUGH JANUARY	40.00	Officer	$0	$0	$115,114
PHILIP PRUD'HOMME	DEVELOPMENT DIRECTOR	40.00	Officer	$0	$0	$53,522

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	$1,086,391	$601,839	$5,574,945	$484,552
2023	$635,451	$689,566	$4,875,851	$-54,115
2022	$759,080	$676,643	$4,575,694	$82,437
2021	$664,797	$671,085	$5,272,614	$-6,288
2020	$744,517	$685,534	$4,804,419	$58,983
2019	$962,327	$799,707	$4,576,675	$162,620
2018	$833,388	$614,502	$4,054,816	$218,886