Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $9,494

• 1d · Related organizations

  $200,000

• 1f · All other contributions, gifts and grants

  $54,010

• 2a · Program service revenue: PATIENT SERVICES

  total $12,102,180 · related or exempt $12,102,180

• 2b · Program service revenue: FOOD SERVICE

  total $28,535 · related or exempt $28,535

• 3 · Investment income

  total $159,845 · excluded $159,845

• 7a · Gross sales of assets other than inventory

  securities $3,309,014

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

  securities $3,308,893 · other assets $94

• 7c · Gain or loss

  securities $121 · other assets -$94

• 7d · Net gain or loss

  total $27 · excluded $27

• 10a · Gross sales of inventory

  $6,158

• 10b · Cost of goods sold

  $8,953

• 10c · Net income from sales of inventory

  total -$2,795 · excluded -$2,795

• 11a · Other revenue: CLINIC REIMBURSEMENT

  total $111,311 · related or exempt $34,141 · excluded $77,170

• 11b · Other revenue: CONTRACTED AFFILIATE INCOME

  total $8,613 · related or exempt $8,613

• 11c · Other revenue: TRAINING EVENTS

  total $5,609 · related or exempt $5,609

• 11e · Other revenue, total

  $125,533

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $472,109 · program services $17,006 · management and general $444,858 · fundraising $10,245

• 7 · Other salaries and wages

  total $6,857,518 · program services $6,278,047 · management and general $558,093 · fundraising $21,378

• 8 · Pension plan contributions

  total $261,998 · program services $260,472 · management and general $1,526

• 9 · Other employee benefits

  total $1,114,458 · program services $1,054,045 · management and general $57,671 · fundraising $2,742

• 10 · Payroll taxes

  total $561,819 · program services $495,951 · management and general $63,908 · fundraising $1,960

• 11b · Fees: legal

  total $61,700 · management and general $61,700

• 11c · Fees: accounting

  total $43,170 · management and general $43,170

• 11f · Fees: investment management

  total $500 · management and general $500

• 11g · Fees: other

  total $286,032 · program services $270,449 · management and general $15,583

• 12 · Advertising and promotion

  total $87,486 · program services $67,339 · management and general $7,464 · fundraising $12,683

• 13 · Office expenses

  total $245,355 · program services $86,383 · management and general $158,953 · fundraising $19

• 14 · Information technology

  total $219,868 · program services $130,527 · management and general $89,341

• 16 · Occupancy

  total $192,425 · program services $98,403 · management and general $94,022

• 17 · Travel

  total $265,437 · program services $244,869 · management and general $20,541 · fundraising $27

• 19 · Conferences, conventions and meetings

  total $86,883 · program services $55,969 · management and general $30,914

• 20 · Interest

  total $1,347 · management and general $1,347

• 22 · Depreciation, depletion and amortization

  total $320,478 · program services $199,382 · management and general $121,096

• 23 · Insurance

  total $92,706 · program services $55,613 · management and general $37,093

• 24a · Other expenses: PATIENT EXPENSES

  total $1,836,161 · program services $1,836,161

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $75,484 · program services $10,398 · management and general $64,837 · fundraising $249

• 24e · All other expenses

  total $88,870 · program services $6,835 · management and general $49,995 · fundraising $32,040

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $544,766 · end of year $971,672

• 2 · Savings and temporary cash investments

  beginning of year $256,102 · end of year $203,543

• 3 · Pledges and grants receivable

  beginning of year $2,264 · end of year $2,374

• 4 · Accounts receivable

  beginning of year $1,724,803 · end of year $2,103,838

• 9 · Prepaid expenses and deferred charges

  beginning of year $144,011 · end of year $148,095

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

  $7,377,762

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

  $3,142,627

• 10c · Land, buildings and equipment, net

  beginning of year $4,307,561 · end of year $4,235,135

• 11 · Investments: publicly traded securities

  beginning of year $2,760,040 · end of year $1,943,051

• 13 · Investments: program-related

  beginning of year $8,136,917 · end of year $9,122,134

• 15 · Other assets

  beginning of year $6,127 · end of year $4,750

• 17 · Accounts payable and accrued expenses

  beginning of year $1,151,979 · end of year $1,450,324

• 19 · Deferred revenue

  beginning of year $0 · end of year $90,000

• 25 · Other liabilities

  beginning of year $837,761 · end of year $810,032

• 27 · Net assets without donor restrictions

  beginning of year $15,892,851 · end of year $16,384,236

The filer's explanations (Part III)

PART I, LINE 4B

KAREN CARRIG, PRESIDENT & CEO WHO RETIRED IN 2024, HAS A CURRENT YEAR DEFERRAL OF $50,000. PLAN IS AN UNFUNDED DEFERRED COMPENSATION PLAN MAINTAINED FOR CERTAIN MEMBERS OF A SELECT GROUP OF MANAGEMENT PURSUANT TO SECTIONS 210(2), 301(A)(3), AND 401(A)(1) OF ERISA.

PART I, LINE 7

RAINBOW HOSPICE CARE ANNUALLY AUTHORIZES A BONUS POOL THAT ACCRUES 3% OF TOTAL WAGES PAID DURING THE YEAR. THE RELEASE OF PAYMENTS FROM THE POOL AT THE END OF THE YEAR IS AT THE BOARD'S DISCRETION, BASED ON MULTIPLE FACTORS SUCH AS CURRENT MARKET CONDITIONS, EMPLOYMENT TRENDS IN THE AREA, THE ORGANIZATION'S FINANCIAL HEALTH, AND INPUT FROM EXECUTIVE LEADERSHIP. IN ALMOST ALL PRECEDING YEARS THE FULL AMOUNT OF THE BONUS POOL WAS RELEASED REGARDLESS OF CURRENT YEAR REVENUE, NET EARNINGS, OR NET LOSS BY THE ORGANIZATION. INDIVIDUAL EMPLOYEE BONUS AMOUNTS ARE DETERMINED BY MANAGEMENT BASED UPON PREDETERMINED QUANTITATIVE AND QUALITATIVE MEASUREMENTS. THE CEO'S ANNUAL BONUS IS DETERMINED BY THE PERSONNEL COMMITTEE'S REVIEW OF OVERALL CEO COMPENSATION DESCRIBED ABOVE.

Disregarded entities

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

• RHC HOLDINGS LLC

  SUB-DIVISION DEVELOPMENT · WI · income $0 · assets $798,682

  Directly controlled by RAINBOW HOSPICE CARE INC