HOSPICE SERVICES OF LAKE COUNTY (EIN 942678796) - 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

1980

Legal Domicile

Principal Officer

DAVID FLAIG

Phone

7072636222

Tax Period

2024-01-01 to 2024-12-31

HOSPICE SERVICES OF LAKE COUNTY, founded in 1980, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

WE SUPPORT AND COMFORT PEOPLE BY PROVIDING THE HIGHEST QUALITY MEDICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL CARE IN PARTNERSHIP WITH OUR CULTURALLY DIVERSE COMMUNITIES.

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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 $82,167

Program Service Revenue $3,469,496

Investment Income $44,599

Other Revenue $1,005,348

TOTAL REVENUE $4,601,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,285,779

Fundraising Expenses $67,322

Program Expenses $3,768,690

Other Expenses $1,558,994

TOTAL EXPENSES $4,844,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,601,610	$4,941,333	-0.1%
Expenses	$4,844,773	$4,632,438	+0.0%
Net Income	$-243,163	$308,895	-1.8%

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

144

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

$174,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MCFARLAND	EXECUTIVE DI	40.00	Officer	$133,954	$40,499	$174,453
ERIN BENNETT	NURSE PRACTI	40.00	Highest	$153,126	$19,763	$172,889
DEBBY KUBAS	RN CASE MANA	40.00	Highest	$132,136	$14,757	$146,893
SHELLY ARMSTRONG	RN CASE MANA	40.00	Highest	$117,212	$6,896	$124,108
KIRK ANDRUS	MED DIRECTOR	40.00	Highest	$118,910	$0	$118,910
MARK BORGHESANI	DIRECTOR	0.50	Director	$0	$0	$0
PATTY BRUNETTI	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN GREEN	DIRECTOR	0.50	Director	$0	$0	$0
TRACY HAZELTON	DIRECTOR	0.50	Director	$0	$0	$0
DON HUBBARD	DIRECTOR	0.50	Director	$0	$0	$0
DANA KEARNEY	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA LASICH	DIRECTOR	0.50	Director	$0	$0	$0
DAVID NEFT	DIRECTOR	0.50	Director	$0	$0	$0
BETTY CARROLA PT	DIRECTOR	0.50	Director	$0	$0	$0
PETER STANLEY	DIRECTOR	0.50	Director	$0	$0	$0
PETRA BERGSTROM	SECRETARY	0.50	Officer	$0	$0	$0
DIANE TOMKINS PLANTE CPA	TREASURER	1.00	Officer	$0	$0	$0
DAVID FLAIG	PRESIDENT	0.50	Officer	$0	$0	$0
JANICE HORNBY	VICE PRESIDE	0.50	Officer	$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	$4,601,610	$4,844,773	$3,606,675	$-243,163
2023	$4,941,333	$4,632,438	$3,841,773	$308,895
2022	$3,663,838	$3,915,603	$3,540,259	$-251,765
2021	$3,818,562	$3,647,668	$3,857,659	$170,894
2020	$3,920,311	$3,517,623	$4,038,021	$402,688
2019	$3,502,024	$3,620,448	$3,033,452	$-118,424
2018	$3,869,200	$4,569,326	$3,256,503	$-700,126

HOSPICE SERVICES OF LAKE COUNTY