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Nonprofiteer
← AGRACE HEALTH INC

Form 990 for tax year 2024

Filed by AGRACE HEALTH INC.

Totals

Total revenue
$773,139
Total expenses
$1,483,077
Contributions and grants received
$63,433
Grants paid
$0
Program service revenue
$679,172
Investment income
$58
Other revenue
$30,476
Total assets, end of year
$148,685,605
Total liabilities, end of year
$8,836,512
Net assets or fund balances, end of year
$139,849,093
Program services expenses (Part IX)
$1,255,141
Management and general expenses
$227,936
Fundraising expenses
$0
Program service expenses (Part III)
$1,255,141

Program services were 84.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $63,433

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Net patient service revenue

    total $73,405 · related or exempt $73,405

  • 2b · Program service revenue: Age at Home revenue

    total $241,584 · related or exempt $241,584

  • 2c · Program service revenue: Home Medical Equipment revenue

    total $250,010 · related or exempt $250,010

  • 2d · Program service revenue: Adult Day Center revenue

    total $114,173 · related or exempt $114,173

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $58 · excluded $58

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · excluded $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Contracted services to affiliates

    total $30,476 · excluded $30,476

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $30,476

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $734,438 · program services $632,616 · management and general $101,822

  • 8 · Pension plan contributions

    total $19,202 · program services $16,540 · management and general $2,662

  • 9 · Other employee benefits

    total $125,630 · program services $108,213 · management and general $17,417

  • 10 · Payroll taxes

    total $52,916 · program services $45,580 · management and general $7,336

  • 11c · Fees: accounting

    total $25,968 · management and general $25,968

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $41,614 · program services $26,249 · management and general $15,365

  • 13 · Office expenses

    total $56,846 · program services $17,412 · management and general $39,434

  • 14 · Information technology

    total $12,757 · program services $12,337 · management and general $420

  • 16 · Occupancy

    total $89,533 · program services $89,533

  • 17 · Travel

    total $12,577 · program services $900 · management and general $11,677

  • 19 · Conferences, conventions and meetings

    total $4,297 · program services $4,229 · management and general $68

  • 20 · Interest

    total $7,695 · program services $7,695

  • 22 · Depreciation, depletion and amortization

    total $59,982 · program services $59,982

  • 23 · Insurance

    total $6,882 · program services $3,258 · management and general $3,624

  • 24a · Other expenses: Medical supplies and equipment

    total $703 · program services $703

  • 24b · Other expenses: Patient related costs

    total $191,224 · program services $191,224

  • 24e · All other expenses

    total $40,813 · program services $38,670 · management and general $2,143 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $122,897

  • 2 · Savings and temporary cash investments

    end of year $0

  • 4 · Accounts receivable

    end of year $103,936

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $1,997,306

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

    $1,256,417

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

    $958,877

  • 10c · Land, buildings and equipment, net

    end of year $297,540

  • 11 · Investments: publicly traded securities

    end of year $903,930

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $145,259,996

  • 17 · Accounts payable and accrued expenses

    end of year $7,733,670

  • 19 · Deferred revenue

    end of year $6,112

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,096,730

  • 27 · Net assets without donor restrictions

    end of year $122,574,474

  • 28 · Net assets with donor restrictions

    end of year $17,274,619

Mission and programs · 2024

Mission

AGRACE Health's mission is Promoting quality life at the end of life, including the management of health care related services, by supporting and caring for the seriously ill and aging.

Activities or mission (Part I)

Our mission, "Promoting quality life at the end of life, including the management of health care related services, by supporting and caring for the seriously ill and aging." (continued on schedule O)

  • Agrace HME, LLC is a disregarded entity that was established to provide home medical equipment to Agrace hospice patients. With a fleet of delivery vans and a caring crew of DME technicians, Agrace delivers home medical equipment to our hospice patients. Agrace HME has two equipment warehouses, in Waunakee and Milton, where we use state-of-the-art software and systems to ensure medical equipment is delivered to patients quickly and accurately. In November 2024, Agrace Health, Inc. became the member of Agrace HME LLC. Prior to November, Agrace Hospicecare, Inc. was the member.

    Expenses $466,443 · Revenue $250,010

  • Agrace Palliative Care, LLC is a disregarded entity that was established to provide in-home, specialized medical consultations for people who are living with any serious, life-altering illness. The service aims to improve the patient's quality of life by finding ways to better manage symptoms and stress related to the illness. Palliative care can be beneficial at any point in the disease including while curative treatment continues. Agrace Palliative Care providers work with the patient and their family to explore the challenges the patient and their doctors/health care providers have identified. These issues may be physical or psychosocial. Following a detailed consultation, Agrace generates recommendations for relieving the burden of illness for the patient and their providers to consider and implement. The service also assists the patient with planning for future health care goals through education, referrals to resources and matching treatment options with the patient's goals. In 2024, Agrace provided 1,790 Palliative Care visits. In November 2024, Agrace Health, Inc. became the member of Agrace Palliative Care LLC. Prior to November, Agrace Hospicecare, Inc. was the member.

    Expenses $353,193 · Revenue $73,405

  • Agrace Age at Home, LLC is a disregarded entity that was established in 2018 to help Dane County seniors live independently as they age. Services are provided in the client's home to support independence: personal care, housekeeping, cooking, errands, companionship, exercise support, medication reminders and much more. Agrace Age at Home serves both hospice and non-hospice clients. In 2024, Age at Home caregivers served 154 clients and provided more than 23,870 hours of in-home care. In November 2024, Agrace Health, Inc. became the member of Age at Home LLC. Prior to November, Agrace Hospicecare, Inc. was the member.

    Expenses $267,891 · Revenue $241,584

  • Agrace Adult Day Center, LLC is a disregarded entity that was established in 2020. In July 2021, Agrace opened its doors to a freestanding Adult Day Center located at 1702 W. Beltline Highway, Madison. The Center is a safe, supportive place for older adults who need companionship and help with daily activities. As clients enroll at the Center, they have a functional assessment to help our staff understand their needs and interests so what they like can be woven into their daily activities. In 2024, the Center provided daytime care to 120 clients. In November 2024, Agrace Health, Inc. became the member of Agrace Adult Day Center LLC. Prior to November, Agrace Hospicecare, Inc. was the member.

    Expenses $167,614 · Revenue $114,173

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jane Wiedenbeck

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kelly Ritchie

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ken Thompson

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lynne Sexten

    President / CEO

    Total calculated
    $924,095
    From this org
    $0
    From related orgs
    $866,820
    Other
    $57,275
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,168 related
    Bonus
    $0 + $277,383 related
    Other
    $0 + $89,269 related
    Deferred
    $0 + $40,800 related
    Nontaxable benefits
    $0 + $16,475 related
    Filer's total
    $0 + $924,095 related

  • Matthew Richards

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jennifer Maurer

    Executive VP and Chief Financial Officer

    Total calculated
    $463,574
    From this org
    $0
    From related orgs
    $433,657
    Other
    $29,917
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,922 related
    Bonus
    $0 + $105,355 related
    Other
    $0 + $4,380 related
    Deferred
    $0 + $16,800 related
    Nontaxable benefits
    $0 + $13,117 related
    Filer's total
    $0 + $463,574 related

  • Jamie Moen

    Chief Operating Officer

    Total calculated
    $292,567
    From this org
    $0
    From related orgs
    $265,149
    Other
    $27,418
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,387 related
    Bonus
    $0
    Other
    $0 + $762 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,418 related
    Filer's total
    $0 + $292,567 related

  • Jennifer Flugaur

    Chief Quality Officer

    Total calculated
    $282,335
    From this org
    $0
    From related orgs
    $236,637
    Other
    $45,698
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,118 related
    Bonus
    $0 + $19,780 related
    Other
    $0 + $4,739 related
    Deferred
    $0 + $11,479 related
    Nontaxable benefits
    $0 + $34,219 related
    Filer's total
    $0 + $282,335 related

  • Kari Potter

    VP, Human Resources

    Total calculated
    $332,427
    From this org
    $0
    From related orgs
    $293,371
    Other
    $39,056
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,672 related
    Bonus
    $0 + $41,922 related
    Other
    $0 + $23,777 related
    Deferred
    $0 + $17,872 related
    Nontaxable benefits
    $0 + $21,184 related
    Filer's total
    $0 + $332,427 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON AGRACE HOSPICECARE, A RELATED TAX-EXEMPT ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OTHER OFFICERS AND KEY EMPLOYEES. BELOW IS THE PROCESS USED BY AGRACE HOSPICECARE FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. EACH YEAR THE ORGANIZATION GATHERS MARKET DATA FOR DETERMINING COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THIS INCLUDES BENCHMARKS OF NATIONAL, REGIONAL, AND LOCAL COMPENSATION THAT ARE PROVIDED FROM INDEPENDENT COMPENSATION SURVEYS. THE VP, HUMAN RESOURCES PRESENTS THIS INFORMATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, ALONG WITH PERTINENT 990 COMPENSATION REPORTING BY SIMILAR SIZED NON-PROFIT HOSPICES BASED ON THIS INFORMATION, THE EXECUTIVE COMMITTEE SETS AND APPROVES THE COMPENSATION PACKAGE FOR THE CHIEF EXECUTIVE OFFICER FOR THE YEAR AND CONTEMPORANEOUSLY DOCUMENTS THEIR APPROVAL IN WRITING. THIS PROCESS OCCURS ANNUALLY IN FEBRUARY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Lynne Sexten participated in a 457(f) plan. A distribution of $63,690 was made from the plan during 2024. A contribution in the amount of $27,000 was made to the plan during 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AGRACE PALLIATIVE CARE LLC

    PALLIATIVE CARE SERVICES · WI · income $73,405 · assets $0

    Directly controlled by Agrace Health Inc

  • Age at Home LLC

    Personal Care Services · WI · income $241,585 · assets $0

    Directly controlled by Agrace Health Inc

  • Agrace HME LLC

    Home Medical Equipment · WI · income $250,010 · assets $0

    Directly controlled by Arace Health Inc

  • Agrace Adult Day Center LLC

    Adult day center · WI · income $114,173 · assets $0

    Directly controlled by Agrace Health Inc

Provenance

Return type
form_990
Tax year
2024
Filed
1 November 2025
IRS schema version
2024v5.1
Source object
202513059349300711

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