HOSPICE OF HAVASU INC

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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

1982

Legal Domicile

Principal Officer

CHAD NELSON

Phone

9284532111

Tax Period

2024-01-01 to 2024-12-31

HOSPICE OF HAVASU INC, founded in 1982, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $12.7M represent 43 months of operating reserves.

Mission

HOSPICE OF HAVASU IS A NOT-FOR-PROFIT, PATIENT-CENTERED TEAM OF PROFESSIONALS AND VOLUNTEERS WHO SERVE THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF THE INCURABLY ILL, THEIR FAMILIES, AND FRIENDS IN OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,942,419 Revenue: $3,073,593

PROVIDED MEDICAL CARE FOR 202 PATIENTS AND 10,900 HOME CARE AND INPATIENT DAYS. PROVIDED VARIOUS COMMUNITY SERVICES, SUCH AS BEREAVEMENT COUNSELING AND CAREGIVER SEMINARS AND CLASSES. A LENDING...

PROVIDED MEDICAL CARE FOR 202 PATIENTS AND 10,900 HOME CARE AND INPATIENT DAYS. PROVIDED VARIOUS COMMUNITY SERVICES, SUCH AS BEREAVEMENT COUNSELING AND CAREGIVER SEMINARS AND CLASSES. A LENDING LIBRARY IS AVAILABLE TO THE COMMUNITY AND NUMEROUS CLASSES ON VARIOUS MEDICAL RELATED ISSUES ARE OFFERED. ATTEND VARIOUS COMMUNITY HEALTH FAIRS AND PROVIDE GRIEF, CRISIS, AND SPECIALIZED COUNSELING TO MEMBERS OF THE COMMUNITY. VARIOUS EMPLOYEES ARE AVAILABLE AT ALL TIMES FOR PUBLIC SPEAKING ON HOSPICE AND BEREAVEMENT RELATED ISSUES. THE TRANSITIONS PROGRAM IS INTENDED TO PROVIDE NO-COST ASSISTANCE TO THOSE IN THE COMMUNITY FACING LIFE-LIMITING ILLNESS, BUT DO NOT MEET MEDICARE HOSPICE STANDARDS. THIS NON-MEDICAL PROGRAM PROVIDES SUPPORT AND INFORMATION TO PARTICIPANTS AND THEIR FAMILIES.

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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 $106,142

Program Service Revenue $3,073,593

Investment Income $300,179

Other Revenue $34,251

TOTAL REVENUE $3,514,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,720,631

Fundraising Expenses $0

Program Expenses $2,942,419

Other Expenses $954,405

TOTAL EXPENSES $3,675,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,514,165	$4,515,612	-0.2%
Expenses	$3,675,036	$4,506,406	-0.2%
Net Income	$-160,871	$9,206	-18.5%

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

132

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

$102,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD NELSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
NITA KENNEDY	PRESIDENT ELECT	4.00	Officer Director	$0	$0	$0
DAN MATHEWS	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
ROSS JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RALPH TAPSCOTT	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH SHAMOS	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MCANDREW	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CHANG	DIRECTOR	1.00	Director	$0	$0	$0
DR MANDEEP POWAR	DIRECTOR	1.00	Director	$0	$0	$0
SUMMER TILGNER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNAH BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
JENNY TOCKER	EXECUTIVE DIRECTOR	40.00	Officer	$96,470	$5,873	$102,343
ASHLEY MARIE HUERTA	ADMISSIONS RN	40.00	Highest	$109,156	$3,600	$112,756
RYAN HYLAND	LPN	40.00	Highest	$126,234	$7,552	$133,786
ANGELA MARIE COLEMAN	RN	40.00	Highest	$117,102	$8,459	$125,561

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	$3,514,165	$3,675,036	$12,965,439	$-160,871
2023	$4,515,612	$4,506,406	$12,991,999	$9,206
2022	$4,409,648	$6,829,410	$14,375,368	$-2,419,762
2021	$8,122,758	$7,552,855	$15,881,309	$569,903
2020	$10,233,932	$8,462,758	$15,979,124	$1,771,174
2019	$9,470,696	$8,298,386	$14,160,672	$1,172,310
2018	$8,162,602	$8,240,448	$12,473,307	$-77,846