Compass Regional Hospice Inc
- Assets
- $11.3m
- Revenue
- $7.5m
- Investments
- $90.2k
- Employees
- 105
- Location
- Centreville, MD
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 52-1414892
Organization Overview
Compass Regional Hospice Inc is located in Centreville, MD. The organization was established in 1986. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2022, Compass Regional Hospice Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Regional 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 12/2022, Compass Regional Hospice Inc generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER COMPREHENSIVE, PROFESSIONAL AND COMPASSIONATE CARE AND SUPPORT TO PATIENTS, CAREGIVERS AND FAMILIES WHO HAVE FOUND THEMSELVES FACING A LIFE-LIMITING DIAGNOSIS OR LOSS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE AND SUPPORT TO PATIENTS, CAREGIVERS, AND FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Angell Chair | OfficerTrustee | 2.5 | $0 |
Julie Mcmahan Thomas Vice Chair | OfficerTrustee | 2.5 | $0 |
Paula Warner Secretary | OfficerTrustee | 2.5 | $0 |
Terry Mead Treasurer | OfficerTrustee | 2.5 | $0 |
Rev Karen Dize Director | Trustee | 1.25 | $0 |
Joyce Davis Director | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,788 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,272 |
| Noncash contributions included in lines 1a–1f | $149,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,290 |
| Total Program Service Revenue | $6,629,567 |
| Investment income | $4,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,233 |
| Net Income from Fundraising Events | $117,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,489,151 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,322,189 |
| Pension plan accruals and contributions | $71,801 |
| Other employee benefits | $267,900 |
| Payroll taxes | $332,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,405 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,717 |
| Advertising and promotion | $50,230 |
| Office expenses | $254,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $237,132 |
| Travel | $134,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,722 |
| Insurance | $49,868 |
| All other expenses | $124,954 |
| Total functional expenses | $7,599,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,379 |
| Savings and temporary cash investments | $2,304,069 |
| Pledges and grants receivable | $27,227 |
| Accounts receivable, net | $668,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,098 |
| Prepaid expenses and deferred charges | $30,886 |
| Net Land, buildings, and equipment | $7,975,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $90,193 |
| Investments—program-related | $12,500 |
| Intangible assets | $0 |
| Other assets | $129,315 |
| Total assets | $11,282,180 |
| Accounts payable and accrued expenses | $361,890 |
| 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 | $1,320,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $130,493 |
| Total liabilities | $1,812,572 |
| Net assets without donor restrictions | $9,326,191 |
| Net assets with donor restrictions | $143,417 |
| 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 | $11,282,180 |