Rainbow Hospice Care Inc
- Assets
- $17.7m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 136
- Location
- Jefferson, WI
- Founding
- 12/1989
- Data as of
- 12/2021
- EIN
- 39-1628298
Organization Overview
Rainbow Hospice Care Inc is located in Jefferson, WI. The organization was established in 1989. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Rainbow Hospice Care Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainbow Hospice Care 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 12/2021, Rainbow Hospice Care Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMFORT CARE AND MEANING FOR PATIENTS WHO ARE TERMINALLY ILL AND PROVIDE SUPPORT FOR THEIR FAMILY AND FRIENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAINBOW HOSPICE CARE OFFERS COMPREHENSIVE END-OF-LIFE CARE TO PATIENTS AND FAMILIES. THIS EXPERT CARE IS PROVIDED BY AN INTERDISCIPLINARY TEAM INCLUDING REGISTERED NURSES CERTIFIED NURSING ASSISTANTS MEDICAL SOCIAL WORKERS CHAPLAINS GRIEF COUNSELORS PHYSICIANS NURSE PRACTITIONERS REGISTERED DIETICIANS PHARMACISTS AND VOLUNTEERS. OUR STAFF AND VOLUNTEERS FOCUS ON EACH PATIENT'S INDIVIDUAL NEEDS WITH AN EMPHASIS ON PROVIDING COMFORT AND DIGNITY DURING THIS LAST PART OF THEIR LIFE'S JOURNEY. FAMILIES ARE SUPPORTED WITH THEIR CARE GIVING ROLE AND GRIEF SUPPORT IS PROVIDED FOR A MINIMUM OF THIRTEEN MONTHS FOLLOWING THE PATIENT'S PASSING. WE PROVIDED 62,882 DAYS OF CARE TO 700 HOSPICE PATIENTS DURING 2021. PALLIATIVE CARE SERVICES WERE PROVIDED TO 155 PATIENTS. APPROXIMATELY $89,350 OF SERVICES WERE PROVIDED AT A DISCOUNTED COST OR NO COST TO PATIENTS MEETING OUR CHARITABLE CARE GUIDELINES. MEMBERS OF THE LOCAL COMMUNITY VOLUNTEERED 7,263 HOURS TO THE ORGANIZATION IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcgorey Medical Director | 32 | $198,686 | |
Karen Lacke Carrig President CEO | Officer | 40 | $160,009 |
Tricia Schmidt Rn Case Manager | 50 | $122,107 | |
Carol Brown VP Of Clinical Services | Officer | 45 | $105,374 |
Jody Goodle Rn Case Manager | 45 | $101,227 | |
Kendra Gerleman Rn Case Manager | 45 | $100,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,538 |
| Membership dues | $0 |
| Fundraising events | $25,695 |
| Related organizations | $108,534 |
| Government grants | $1,067,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,018 |
| Total Program Service Revenue | $11,092,411 |
| Investment income | $21,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,044 |
| Net Income from Fundraising Events | $47,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,464,541 |
| 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. | $517,510 |
| Compensation of current officers, directors, key employees. | $350,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,411,973 |
| Pension plan accruals and contributions | $174,576 |
| Other employee benefits | $908,252 |
| Payroll taxes | $439,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,065 |
| Fees for services: Accounting | $23,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $500 |
| Fees for services: Other | $247,536 |
| Advertising and promotion | $44,080 |
| Office expenses | $204,535 |
| Information technology | $114,157 |
| Royalties | $0 |
| Occupancy | $153,847 |
| Travel | $220,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,626 |
| Insurance | $72,732 |
| All other expenses | $98,731 |
| Total functional expenses | $10,402,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,998 |
| Savings and temporary cash investments | $1,248,307 |
| Pledges and grants receivable | $8,463 |
| Accounts receivable, net | $1,328,424 |
| 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 | $103,661 |
| Net Land, buildings, and equipment | $4,593,771 |
| Investments—publicly traded securities | $1,861,400 |
| Investments—other securities | $0 |
| Investments—program-related | $8,415,830 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,717,854 |
| Accounts payable and accrued expenses | $1,091,679 |
| Grants payable | $0 |
| Deferred revenue | $7,267 |
| 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 | $92,637 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,191,583 |
| Net assets without donor restrictions | $16,526,271 |
| Net assets with donor restrictions | $0 |
| 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 | $17,717,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rainbow Hospice Care Inc has recieved totaling $94.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Endowment Analysis
| Beg. Balance | $1,346,259 |
| Earnings | $191,622 |
| Net Contributions | $17,240 |
| Other Expense | $65,977 |
| Ending Balance | $1,489,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice Care Of Southwest Michigan Kalamazoo, MI | $74,966,417 | $46,603,506 |
Meridian Hospice Downers Grove, IL | $42,738,076 | $35,043,303 |
Pesi Inc Eau Claire, WI | $92,534,627 | $38,780,825 |
Unity Limited Partnership De Pere, WI | $36,485,228 | $33,072,896 |
Joliet Area Community Hospice Corporation Joliet, IL | $49,346,001 | $29,848,676 |
Angela Hospice Home Care Inc Livonia, MI | $33,847,217 | $24,800,453 |
Arbor Hospice Inc Ann Arbor, MI | $20,612,418 | $23,975,905 |
Saint Anne Of Winona Minneapolis, MN | $16,379,206 | $17,452,810 |
Hospice Of Southern Il Inc Belleville, IL | $18,418,166 | $14,186,638 |
Chicagoland Methodist Senior Services Chicago, IL | $9,544,472 | $15,151,367 |
Cedar Valley Hospice Inc Waterloo, IA | $16,940,612 | $16,803,336 |
Hospice Of Muskegon County Inc Muskegon, MI | $7,244,243 | $12,055,782 |