Agrace Health Inc

Nonprofit profile at a glance

EIN
993390141
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Fitchburg, WI, USA
Phone
6082764660
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospices

Official website

Reported finances

Revenue
$773,139
Expenses
$1,483,077
Assets
$148,685,605
Liabilities
$8,836,512

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Lynne Sexten (President / CEO)

Highest reported compensation

  • Lynne Sexten (President / CEO): $924,095 total reported compensation
  • Jennifer Maurer (Executive VP and Chief Financial Officer): $463,574 total reported compensation
  • Kari Potter (VP, Human Resources): $332,427 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

AGRACE Health's mission is Promoting quality life at the end of life, including the management of health care related services, by supporting and caring for the seriously ill and aging.

What it reported doing in 2024

Agrace Palliative Care, LLC is a disregarded entity that was established to provide in-home, specialized medical consultations for people who are living with any serious, life-altering illness. The service aims to improve the patient's quality of life by finding ways to better manage symptoms and stress related to the illness. Palliative care can be beneficial at any point in the disease including while curative treatment continues. Agrace Palliative Care providers work with the patient and their family to explore the challenges the patient and their doctors/health care providers have identified. These issues may be physical or psychosocial. Following a detailed consultation, Agrace generates recommendations for relieving the burden of illness for the patient and their providers to consider and implement. The service also assists the patient with planning for future health care goals through education, referrals to resources and matching treatment options with the patient's goals. In 2024, Agrace provided 1,790 Palliative Care visits. In November 2024, Agrace Health, Inc. became the member of Agrace Palliative Care LLC. Prior to November, Agrace Hospicecare, Inc. was the member.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 76
  • Accountability: 79
  • Sustainability: 39
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.6%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 18th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -91.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 100.25; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 13.4%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 84.6% of spending went to programs
  • Governance: 4 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $924K · 9 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Contacts: How to reach this organization
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 27/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.