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Nonprofiteer
← HOPEWEST

Form 990 for tax year 2022

Filed by HOPEWEST.

Totals

Total revenue
$47,679,385
Total expenses
$48,986,551
Contributions and grants received
$6,205,400
Grants paid
$0
Program service revenue
$38,150,710
Investment income
$288,179
Other revenue
$3,035,096
Total assets, end of year
$40,314,552
Total liabilities, end of year
$17,001,869
Net assets or fund balances, end of year
$23,312,683
Program services expenses (Part IX)
$42,035,115
Management and general expenses
$6,315,915
Fundraising expenses
$635,521
Program service expenses (Part III)
$42,035,115

Program services were 85.8% 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.

  • 1a · Federated campaigns

    $30,988

  • 1c · Fundraising events

    $985,570

  • 1f · All other contributions, gifts and grants

    $5,188,842

  • 1g · Noncash contributions included above

    $217,946

  • 2a · Program service revenue: Hospice Palliative Car

    total $34,031,882 · related or exempt $34,031,882

  • 2b · Program service revenue: PACE

    total $4,118,828 · related or exempt $4,118,828

  • 3 · Investment income

    total $283,179 · excluded $283,179

  • 7a · Gross sales of assets other than inventory

    other assets $5,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $5,000

  • 7d · Net gain or loss

    total $5,000 · excluded $5,000

  • 8a · Fundraising events: gross income

    $372,198

  • 8a · Fundraising events: contributions included on line 1c

    $985,570

  • 8b · Fundraising events: direct expenses

    $383,957

  • 8c · Net income from fundraising events

    total -$11,759 · excluded -$11,759

  • 10a · Gross sales of inventory

    $3,632,852

  • 10b · Cost of goods sold

    $664,275

  • 10c · Net income from sales of inventory

    total $2,968,577 · related or exempt $2,884,464 · unrelated business $84,113

  • 11a · Other revenue: Other revenue

    total $78,278 · related or exempt $78,278

  • 11e · Other revenue, total

    $78,278

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,349,445 · management and general $1,349,445

  • 7 · Other salaries and wages

    total $25,932,056 · program services $23,391,823 · management and general $2,197,718 · fundraising $342,515

  • 8 · Pension plan contributions

    total $239,553 · program services $216,016 · management and general $19,933 · fundraising $3,604

  • 9 · Other employee benefits

    total $3,665,845 · program services $3,314,714 · management and general $303,700 · fundraising $47,431

  • 10 · Payroll taxes

    total $1,843,543 · program services $1,662,368 · management and general $153,437 · fundraising $27,738

  • 11a · Fees: management

    total $51,096 · management and general $51,096

  • 11b · Fees: legal

    total $43,608 · program services $20,289 · management and general $23,319

  • 11c · Fees: accounting

    total $276,693 · management and general $276,693

  • 11g · Fees: other

    total $5,145,594 · program services $5,041,599 · management and general $103,995

  • 12 · Advertising and promotion

    total $231,448 · program services $85,787 · management and general $91,198 · fundraising $54,463

  • 13 · Office expenses

    total $539,526 · program services $497,394 · management and general $42,062 · fundraising $70

  • 14 · Information technology

    total $122,524 · program services $17,359 · management and general $105,165

  • 16 · Occupancy

    total $682,890 · program services $540,284 · management and general $138,419 · fundraising $4,187

  • 17 · Travel

    total $75,420 · program services $25,762 · management and general $40,168 · fundraising $9,490

  • 20 · Interest

    total $487,093 · program services $438,176 · management and general $48,917

  • 22 · Depreciation, depletion and amortization

    total $1,438,872 · program services $1,033,595 · management and general $400,274 · fundraising $5,003

  • 23 · Insurance

    total $301,874 · program services $92,203 · management and general $209,671

  • 24a · Other expenses: Medical Supplies and Dr

    total $4,060,494 · program services $4,060,494

  • 24b · Other expenses: Dues and Subscriptions

    total $606,018 · program services $231,732 · management and general $341,997 · fundraising $32,289

  • 24c · Other expenses: Miscellaneous

    total $596,386 · program services $534,607 · management and general $1,300 · fundraising $60,479

  • 24d · Other expenses: Repairs, Maintenance, a

    total $478,534 · program services $332,213 · management and general $146,321

  • 24e · All other expenses

    total $818,039 · program services $498,700 · management and general $271,087 · fundraising $48,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,884,290 · end of year $5,825,236

  • 2 · Savings and temporary cash investments

    beginning of year $938,775 · end of year $939,511

  • 3 · Pledges and grants receivable

    beginning of year $763,723 · end of year $403,993

  • 4 · Accounts receivable

    beginning of year $5,986,721 · end of year $3,608,309

  • 8 · Inventories for sale or use

    beginning of year $49,151 · end of year $39,071

  • 9 · Prepaid expenses and deferred charges

    beginning of year $385,654 · end of year $365,023

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

    $41,905,173

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

    $13,821,543

  • 10c · Land, buildings and equipment, net

    beginning of year $29,004,101 · end of year $28,083,630

  • 15 · Other assets

    beginning of year $1,039,066 · end of year $1,049,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,430,655 · end of year $5,246,621

  • 19 · Deferred revenue

    beginning of year $68,100 · end of year $358,202

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,096,595 · end of year $10,560,616

  • 25 · Other liabilities

    beginning of year $836,282 · end of year $836,430

  • 27 · Net assets without donor restrictions

    beginning of year $17,460,312 · end of year $16,437,689

  • 28 · Net assets with donor restrictions

    beginning of year $7,159,537 · end of year $6,874,994

Mission and programs · 2022

Mission

Created through a community-wide vision, HopeWest is dedicated to profoundly changing the experiences of aging, illness, and grief one family at a time through through creativity, volunteerism, and philanthropy.

Activities or mission (Part I)

Profoundly changing how our community experiences serious illness,aging&grief,a family at a time

  • HopeWest offers compassionate support and comprehensive care to individuals and families across 10,000 miles of western Colorado serving five counties. Our largest program and expenditure is hospice care. We serve more than 450 patients and families every day. Patients are cared for by an expert interdisciplinary team including hospice/palliative certified physicians and advance practice nurses. More than 500 hospice patients receive individualized short-term care in the Ferris Care Center annually. Care is designed to meet the needs of patients and families during times when a more intensive level of care is needed. Community support through philanthropy and volunteerism ensures HopeWest is able to be there for our community.

    Expenses $29,626,508 · Revenue $33,455,367

  • HopeWest PACE provided care to more than 80 participants in 2022. With PACE, a team of health care professionals works with each individual to make sure needed services are coordinated. PACE programs get to know their participants and design services to meet each person's unique needs. The Center for Living Your Best houses aclinic, adult day center with activities and meals, as well as physicaland occupation therapy opportunities that enhance the continued health and well-being of our participants. Our dedicated staff ensure each participant is provided with the medical and support services so they can be safe living at home for as long as possible.

    Expenses $7,111,130 · Revenue $4,120,059

  • Community programs is our third largest program expenditure. Services are offered to grieving adults through support groups and one-on-one counseling. HopeWest Kids provides grief services to children ages 3-19 through school groups, equine therapy, grief camps and art therapy. More than 1,050 children and adults were served last year. We also offer three different Palliative Care Programs. Palliative Care is for people with serious health conditions not yet eligible for hospice or are still receiving curative treatment. More than 450 patients were served last year. These programs offer a variety of specialized care to meet our patient's needs to gain back quality of life for them and their loved ones.

    Expenses $1,917,472 · Revenue $573,180

  • Retail Outlets- HopeWest operates retail entities to provide an opportunity for the community to know us before they need us. Heirlooms for Hospice is an upscale resale store featuring treasures donated by the community. Families of those HopeWest has served find comfort knowing the treasures they donate help support HopeWest. We have three different locations in Grand Junction, Montrose, and Delta. We also operate Spoons bistro and bakery located on the FerrisCare Center Campus in Grand Junction. While it serves patients and families who are in the Care Center, it is also a full-service restaurant open to the public. Proceeds from both Spoons and Heirlooms support the programs of HopeWest. Volunteer Services - People with a passion for helping others make ourmission possible. More than 960 volunteers gave 69,213 hours of time in 2022, adding a value of 33 full time equivalents (FTEs). Gifts of time are as unique as those who contribute. Volunteers change our world in so many ways. Through holding the hands of patients in need, providing art and music therapy to patients, supporting kids coping with grief, beautifying our gardens, creating a one-of-a-kind shopping experience at Heirlooms for Hospice, making our fundraising events special, and so much more. Volunteers are truly the heart of HopeWest.

    Expenses $3,380,005 · Revenue $2,964,846

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Monique Serra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Monika Tuell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carter Bair

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Payne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jim Pedersen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Barbara Seelye

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • S Todd Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joseph Breman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chris Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tom Sawyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michelle Shiao

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laurel Walters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ashley Thurow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Penny Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Jouflas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Donald Nicolay

    CHAIR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    6

  • Noni Bacon

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    6

  • Mark Francis

    VICE-CHAIR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    6

  • Christy Whitney Borchard

    PRESIDENT/CEO 1/1/22-5/31/22

    Total calculated
    $405,719
    From this org
    $391,026
    From related orgs
    $0
    Other
    $14,693
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $181,063
    Bonus
    $165,207
    Other
    $44,756
    Deferred
    $1,000
    Nontaxable benefits
    $13,693
    Filer's total
    $405,719

  • Sarah Walsh

    CFO/SENIOR VP

    Total calculated
    $247,822
    From this org
    $245,646
    From related orgs
    $0
    Other
    $2,176
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $172,377
    Bonus
    $40,000
    Other
    $33,269
    Deferred
    $1,000
    Nontaxable benefits
    $1,176
    Filer's total
    $247,822

  • Cassandra Mitchell

    PRESIDENT/CEO 6/1/22-12/31/22

    Total calculated
    $238,502
    From this org
    $222,447
    From related orgs
    $0
    Other
    $16,055
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $189,357
    Bonus
    $26,000
    Other
    $7,090
    Deferred
    $0
    Nontaxable benefits
    $16,055
    Filer's total
    $238,502

  • Terri Walter

    CHIEF ADMIN OFFICER/SENIOR

    Total calculated
    $230,424
    From this org
    $219,019
    From related orgs
    $0
    Other
    $11,405
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $170,702
    Bonus
    $40,000
    Other
    $8,317
    Deferred
    $1,000
    Nontaxable benefits
    $10,405
    Filer's total
    $230,424

  • Georgia Rock

    EXECUTIVE VP OF CLINICAL S

    Total calculated
    $226,979
    From this org
    $205,713
    From related orgs
    $0
    Other
    $21,266
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $165,713
    Bonus
    $40,000
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $20,266
    Filer's total
    $226,979

  • Vicky Mathwig

    HOSPICE PHYSICIAN

    Total calculated
    $273,889
    From this org
    $241,310
    From related orgs
    $0
    Other
    $32,579
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,760
    Bonus
    $550
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $31,579
    Filer's total
    $273,889

  • Sherman Straw MD

    HOSPICE PHYSICIAN

    Total calculated
    $255,941
    From this org
    $235,405
    From related orgs
    $0
    Other
    $20,536
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $234,855
    Bonus
    $550
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $19,536
    Filer's total
    $255,941

  • Caroline Dorman

    HOPEWEST PACE MEDICAL DIRECTOR

    Total calculated
    $254,169
    From this org
    $225,465
    From related orgs
    $0
    Other
    $28,704
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $219,691
    Bonus
    $1,050
    Other
    $4,724
    Deferred
    $1,000
    Nontaxable benefits
    $27,704
    Filer's total
    $254,169

  • Heidi Marlin

    HOSPICE PHYSICIAN

    Total calculated
    $217,964
    From this org
    $209,949
    From related orgs
    $0
    Other
    $8,015
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,074
    Bonus
    $550
    Other
    $325
    Deferred
    $1,000
    Nontaxable benefits
    $7,015
    Filer's total
    $217,964

  • Debra Horwitz

    SENIOR VP, CHIEF DEVELOPME

    Total calculated
    $201,853
    From this org
    $186,371
    From related orgs
    $0
    Other
    $15,482
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $146,071
    Bonus
    $40,300
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $14,482
    Filer's total
    $201,853

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202342489349302159

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