Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,330,923

• 1f · All other contributions, gifts and grants

  $264,900

• 2a · Program service revenue: NET PATIENT SERVICE RE

  total $44,481,433 · related or exempt $44,481,433

• 3 · Investment income

  total $486,563 · excluded $486,563

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $24,399 · excluded $24,399

• 11e · Other revenue, total

  $24,399

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $49,213 · program services $49,213

• 5 · Compensation of officers, directors and key employees

  total $3,599,260 · program services $1,916,740 · management and general $1,682,520

• 7 · Other salaries and wages

  total $24,512,760 · program services $19,446,336 · management and general $4,439,056 · fundraising $627,368

• 8 · Pension plan contributions

  total $1,007,106 · program services $762,390 · management and general $233,872 · fundraising $10,844

• 9 · Other employee benefits

  total $3,492,819 · program services $2,379,433 · management and general $977,510 · fundraising $135,876

• 10 · Payroll taxes

  total $2,080,418 · program services $1,527,255 · management and general $502,931 · fundraising $50,232

• 11b · Fees: legal

  total $71,495 · management and general $71,495

• 11c · Fees: accounting

  total $85,446 · management and general $85,446

• 11g · Fees: other

  total $455,404 · program services $42,606 · management and general $412,798

• 12 · Advertising and promotion

  total $442,087 · program services $4,182 · management and general $437,905

• 13 · Office expenses

  total $85,688 · program services $54,511 · management and general $30,805 · fundraising $372

• 16 · Occupancy

  total $1,450,944 · program services $282,062 · management and general $1,166,984 · fundraising $1,898

• 17 · Travel

  total $801,149 · program services $682,590 · management and general $90,497 · fundraising $28,062

• 19 · Conferences, conventions and meetings

  total $128,770 · program services $7,497 · management and general $121,273

• 22 · Depreciation, depletion and amortization

  total $226,909 · program services $135,344 · management and general $91,565

• 23 · Insurance

  total $130,374 · management and general $130,374

• 24a · Other expenses: MEDICINE AND DME

  total $3,198,826 · program services $3,198,826

• 24b · Other expenses: PATIENT SERVICES

  total $583,568 · program services $583,568

• 24c · Other expenses: TELEPHONE

  total $506,777 · program services $62,130 · management and general $444,647

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $301,674 · program services $122,721 · management and general $178,953

• 24e · All other expenses

  total $1,067,730 · program services $314,993 · management and general $368,160 · fundraising $384,577

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $15,284,695 · end of year $11,668,324

• 4 · Accounts receivable

  beginning of year $6,188,182 · end of year $7,876,961

• 8 · Inventories for sale or use

  beginning of year $130,300 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $296,345 · end of year $309,284

• 10a · Land, buildings and equipment: cost or other basis

  $4,426,370

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,916,083

• 10c · Land, buildings and equipment, net

  beginning of year $12,302,317 · end of year $1,510,287

• 12 · Investments: other securities

  beginning of year $9,033,336 · end of year $3,610,549

• 15 · Other assets

  beginning of year $238,413 · end of year $7,500

• 17 · Accounts payable and accrued expenses

  beginning of year $4,394,835 · end of year $6,551,994

• 19 · Deferred revenue

  beginning of year $5,000 · end of year -$15,000

• 27 · Net assets without donor restrictions

  beginning of year $38,666,866 · end of year $18,042,053

• 28 · Net assets with donor restrictions

  beginning of year $406,887 · end of year $403,858

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S SALARY IS EVALUATED BY THE BOARD OF DIRECTORS ANNUALLY. THE CEO'S BASE SALARY IS DETERMINED USING BENCHMARK MARKET DATA OBTAINED FROM THE HOSPICE SALARY AND BENEFITS REPORT PUBLISHED BY THE HOSPITAL AND HEALTHCARE COMPENSATION SERVICE IN COOPERATION WITH THE NATIONAL ASSOCIATION FOR HOMECARE AND HOSPICE. THIS IS THE MOST COMPREHENSIVE SURVEY DONE BY HOSPICE ORGANIZATIONS AND IT IS WIDELY USED. AT THE BEGINNING OF EVERY FISCAL YEAR, THE BOARD CHAIR AND THE CEO JOINTLY DEVELOP QUANTIFIABLE OBJECTIVES TO MEASURE AND EVALUATE THE CEO'S PERFORMANCE. THESE INCLUDE INDICATORS SUCH AS: QUALITY, EMPLOYEE SATISFACTION, EMPLOYEE TURNOVER RATES, VOLUME (AVERAGE DAILY CENSUS) TARGETS, NET MARGIN, AND MEDICATION COST PER DAY. THE ORGANIZATION MAINTAINS A SALARY SCHEDULE FOR ALL EXEMPT AND NON-EXEMPT POSITIONS. COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES IS DETERMINED THROUGH THE USE OF THIS SCHEDULE. EACH IS REVIEWED ANNUALLY BY COMPARING TO BENCHMARKS POSITIONS WITHIN THE HOSPICE MARKET AND RELATED SALARY AND WAGE DATA. WHERE NEEDED, APPROPRIATE, AND FEASIBLE, PAY RANGES MAY BE MODIFIED, WITH BOARD APPROVAL, TO MORE CLOSELY REFLECT THE MARKET. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022.

PART I, LINE 4A

NAME: CAROLINE DURHAM, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $146,592. PLAN DESCRIPTION: SEVERANCE PAYMENT

PART I, LINE 6

ANNUALLY, THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE ORGANIZATION BASED ON METRICS SUCH AS QUALITY, EMPLOYEE SATISFACTION, EMPLOYEE TURNOVER RATES, VOLUME (AVERAGE DAILY CENSUS), TARGETS, NET MARGIN AND MEDICATION COSTS PER DAY.

PART I, LINE 7

BONUSES WERE PAID TO THE LEADERSHIP TEAM BASED ON EMPLOYEE NET PROMOTER SCORES, FINANCIAL OUTCOMES, AND ADMISSIONS WITHIN 24 HOURS OF REFERRAL.