Hospice Of Surry County Inc
- Assets
- $15.6m
- Revenue
- $33.4m
- Investments
- $0.0
- Employees
- 414
- Location
- Mount Airy, NC
- Founding
- 05/1983
- Data as of
- 09/2021
- EIN
- 56-1346589
Organization Overview
Hospice Of Surry County Inc, operating under the name Mountain Valley Hospice And Palliative Care, is located in Mount Airy, NC. The organization was established in 1983. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 09/2021, Mountain Valley Hospice And Palliative Care employed 414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Valley Hospice And Palliative Care 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 09/2021, Mountain Valley Hospice And Palliative Care generated $33.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $33.2m during the year ending 09/2021. While expenses have increased by 8.7% per year over the past 6 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 IMPROVE THE QUALITY OF LIFE FOR THOSE WITH A LIMITED LIFE EXPECTANCY AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNTAIN VALLEY HOSPICE AND PALLIATIVE CARE STARTED IN 1983 THROUGH A GRASSROOTS EFFORT IN THE BASEMENT OF A CHURCH. TODAY OUR FOUNDERS' LEGACY HAS CARRIED OUT THE MISSION AND VISION OF THE ORGANIZATION SERVING MORE THAN 2,700 HOSPICE AND SERIOUS ILLNESS PATIENTS ANNUALLY. WE CONTINUE TO INVEST IN INNOVATIVE PROGRAMS THAT BRING VALUE AND COMFORT TO OUR PATIENTS LIVING WITH TERMINAL, SERIOUS AND ADVANCED ILLNESSES. 2020 WAS A YEAR OF GROWTH IN HOSPICE CARE FOR OUR ORGANIZATION. AVERAGE DAILY CENSUS INCREASED FROM 401 TO 439. DAYS OF CARE INCREASED FROM 146,210 TO 158,576.IN 2020, VOLUNTEER HOURS DECREASED SIGNIFICANTLY DUE TO THE COVID19 PANDEMIC. DURING THIS REPORTING PERIOD, CMS WAIVED THE 5% VOLUNTEER REQUIREMENT IN BOTH NC AND VA. VOLUNTEER SERVICES TRADITIONALLY PROVIDES SIGNIFICANT COST SAVINGS FOR MVHPC. DURING THE PANDEMIC, IN-HOUSE PAID STAFF PERFORMED MANY OF THE PRIOR VOLUNTEER TASKS. VOLUNTEER SERVICES RECRUITMENT WORKED DURING THE PANDEMIC TO MAINTAIN REMOTE RELATIONSHIPS WITH VOLUNTEERS. THE PLAN FOR 2020 FOCUSED HEAVILY ON RECRUITMENT PLANS AFTER PANDEMIC RESTRICTIONS LESSENED. OUR STRATEGIC GOALS WERE FOCUSED ON QUALITY OF CARE, GROWTH, MARKET SHARE, IMPROVED FINANCIAL PERFORMANCE IN OUR INPATIENT UNITS, DECREASED EMPLOYEE TURNOVER, FOCUSED AR DAYS MANAGEMENT, IMPROVED LEADERSHIP PERFORMANCE, AND INCREASED SERIOUS ILLNESS PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn D Golaszewski Chief Medcial Officer | Officer | 40 | $280,428 |
Sylvia Denise Watson Chief Executive Officer/director | Officer | 40 | $231,760 |
Penelope Mcdonald Medical Director | 40 | $175,627 | |
Tracey Dobson Chief Clinical Officer | 40 | $148,989 | |
Thomas Tighe Medical Director | 40 | $133,949 | |
Barry S Dowell Chief Financial Officer | Officer | 40 | $130,911 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mt Airy Operating Company Health Care | 9/29/21 | $726,863 |
Northern Hospital Of Surry Co Health Care | 9/29/21 | $391,274 |
Lifebrite Hospital Group Stokes Health Care | 9/29/21 | $215,351 |
Healthcare Of Elkin Health Care | 9/29/21 | $491,908 |
Central Continuing Care Health Care | 9/29/21 | $741,034 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $804,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,560 |
| Total Program Service Revenue | $32,408,018 |
| Investment income | $146 |
| 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 | $177,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,390,602 |
| 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 | $15,767,343 |
| Pension plan accruals and contributions | $208,973 |
| Other employee benefits | $3,530,082 |
| Payroll taxes | $1,182,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,971 |
| Fees for services: Accounting | $65,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,456 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,660,448 |
| Advertising and promotion | $246,060 |
| Office expenses | $1,060,740 |
| Information technology | $300,845 |
| Royalties | $0 |
| Occupancy | $756,053 |
| Travel | $294,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,936 |
| Interest | $47,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $941,258 |
| Insurance | $49,041 |
| All other expenses | $0 |
| Total functional expenses | $33,197,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,681,707 |
| Pledges and grants receivable | $159,454 |
| Accounts receivable, net | $3,746,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,671 |
| Prepaid expenses and deferred charges | $439,178 |
| Net Land, buildings, and equipment | $7,309,324 |
| Investments—publicly traded securities | $70,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,460 |
| Total assets | $15,624,175 |
| Accounts payable and accrued expenses | $2,438,655 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $480,286 |
| Total liabilities | $2,918,941 |
| Net assets without donor restrictions | $12,542,879 |
| Net assets with donor restrictions | $162,355 |
| 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 | $15,624,175 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Hospice Of Surry County Inc has recieved totaling $61,787.
| Awarding Organization | Amount |
|---|---|
Community Foundation Serving Western Virginia Roanoke, VA PURPOSE: HUMAN SERVICES | $25,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $22,908 |
United Fund Of Surry Inc Mount Airy, NC PURPOSE: AGENCY FUNDING | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,634 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $420 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Hospice Falls Church, VA | $46,704,036 | $109,557,504 |
Hospice & Palliative Care Charlotte Region Charlotte, NC | $75,544,529 | $73,699,631 |
Hospice Of Wake County Inc Raleigh, NC | $24,964,055 | $50,848,556 |
Lower Cape Fear Hospice Incorporated Wilmington, NC | $62,498,497 | $44,335,194 |
Hospice Of Chattanooga Inc Chattanooga, TN | $104,628,496 | $120,194,973 |
Authoracare Collective Greensboro, NC | $46,483,972 | $40,660,435 |
Alive Hospice Inc Nashville, TN | $38,867,559 | $36,593,502 |
Hospice Of Surry County Inc Mount Airy, NC | $15,624,175 | $33,390,602 |
Hospice Of Henderson County Inc Flat Rock, NC | $24,806,944 | $36,122,942 |
Hospice & Palliative Carecenter Winstonsalem, NC | $42,862,750 | $34,199,553 |
Carolina Caring Inc Newton, NC | $24,245,296 | $31,467,829 |
Hospice Of The Piedmont Inc High Point, NC | $40,332,450 | $25,303,748 |