Hospice Of Midland Incorporated
- Assets
- $7.8m
- Revenue
- $7.7m
- Investments
- $3.5k
- Employees
- 87
- Location
- Midland, TX
- Founding
- 05/1981
- Data as of
- 04/2023
- EIN
- 75-1736007
Organization Overview
Hospice Of Midland Incorporated is located in Midland, TX. The organization was established in 1981. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 04/2023, Hospice Of Midland Incorporated employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of Midland Incorporated 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 04/2023, Hospice Of Midland Incorporated generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $7.6m during the year ending 04/2023. While expenses have increased by 7.8% 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
HOSPICE PROVIDES CARE FROM THE HEART TO FULFILL THE UNIQUE NEEDS OF PATIENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE OF MIDLAND - PATIENT AND FAMILY CARE FOR TERMINALLY ILL. HOSPICE SERVED 537 PATIENTS DURING THE YEAR.
RAYS OF HOPE - A GRIEF CENTER FOR CHILDREN THAT ENABLES THEM TO FULLY EMBRACE THEIR EXPERIENCE. RAYS OF HOPE SERVED 689 KIDS DURING THE YEAR.
ODESSA LOCATION - PATIENT AND FAMILY CARE FOR TERMINALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion Bryant President | OfficerTrustee | 0.26 | $0 |
Meagan Haygood First VP | OfficerTrustee | 0.23 | $0 |
Maurice Lopez Second VP | OfficerTrustee | 0.09 | $0 |
Stuart Smith Secretary | OfficerTrustee | 0.17 | $0 |
Beverly Helferich Treasurer | OfficerTrustee | 0.2 | $0 |
Tina Ballard Assistant Tr | OfficerTrustee | 0.14 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brent Bates Builders Construction | 4/29/23 | $334,900 |
Dr Hunter Atkins Physician | 4/29/23 | $161,998 |
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 | $1,799,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,799,895 |
| Total Program Service Revenue | $5,802,439 |
| Investment income | $23,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,445 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,696,916 |
| 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. | $281,619 |
| Compensation of current officers, directors, key employees. | $241,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,240,561 |
| Pension plan accruals and contributions | $101,194 |
| Other employee benefits | $305,727 |
| Payroll taxes | $262,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,785 |
| Advertising and promotion | $127,490 |
| Office expenses | $61,353 |
| Information technology | $167,195 |
| Royalties | $0 |
| Occupancy | $131,938 |
| Travel | $152,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,390 |
| Insurance | $59,142 |
| All other expenses | $251,059 |
| Total functional expenses | $7,584,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,777,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $796,341 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,259 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,541 |
| Net Land, buildings, and equipment | $2,169,033 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,450 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,792,242 |
| Accounts payable and accrued expenses | $592,437 |
| 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 | $2,024,904 |
| Total liabilities | $2,617,341 |
| Net assets without donor restrictions | $4,571,793 |
| Net assets with donor restrictions | $603,108 |
| 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 | $7,792,242 |