Valley Hospice Inc
- Assets
- $13.0m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 196
- Location
- Rayland, OH
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 34-1459104
Organization Overview
Valley Hospice Inc is located in Rayland, OH. The organization was established in 1985. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Valley Hospice Inc employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Hospice Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Valley Hospice Inc generated $21.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $20.5m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHILOSOPHY AND PROGRAM OF CARE COMPOSED OF DOCTORS, NURSES, VOLUNTEERS AND CLERGY WHO ARE INVOLVED AND COMMITTED TO PROVIDING HELP TO INDIVIDUALS AND THEIR FAMILIES WHO FACE A LIFE-THREATENING ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILOSOPHY AND PROGRAM OF CARE COMPOSED OF DOCTORS, NURSES, VOLUNTEERS AND CLERGY WHO ARE INVOLVED AND COMMITTED TO PROVIDING HELP TO INDIVIDUALS AND THEIR FAMILIES WHO FACE A LIFE THREATENING ILLNESS. THE PROGRAM OFFERS PHYSICAL, MEDICAL, EMOTIONAL AND SPIRITUAL CARE AND SUPPORT TO PATIENTS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Hale Chief Executive Officer | Officer | 0 | $169,133 |
Brandon Ludwig Director | Officer | 1 | $0 |
Vanessa Palmer Secretary | Officer | 2 | $0 |
Sarah Barickman Director | Officer | 1 | $0 |
Katherine Shelek-Furbee Director | Officer | 1 | $0 |
Karen Mcclain Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $223,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,643 |
| Total Program Service Revenue | $21,444,185 |
| Investment income | $144,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,812,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,133 |
| Compensation of current officers, directors, key employees. | $169,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,628,991 |
| Pension plan accruals and contributions | $159,015 |
| Other employee benefits | $1,924,376 |
| Payroll taxes | $650,867 |
| Fees for services: Management | $407,042 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,418 |
| Fees for services: Other | $36,825 |
| Advertising and promotion | $48,560 |
| Office expenses | $53,318 |
| Information technology | $272,606 |
| Royalties | $0 |
| Occupancy | $477,905 |
| Travel | $4,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,476 |
| Insurance | $91,454 |
| All other expenses | $0 |
| Total functional expenses | $20,496,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,120,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,742,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $366,680 |
| Net Land, buildings, and equipment | $5,188,256 |
| Investments—publicly traded securities | $1,551,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,884 |
| Total assets | $12,990,385 |
| Accounts payable and accrued expenses | $2,411,162 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,144,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,555,182 |
| Net assets without donor restrictions | $9,082,129 |
| Net assets with donor restrictions | $353,074 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,990,385 |