Crescent Cove

What it reported doing in 2024

Family services - crescent cove provides care and support to children with shortened life expectancies and the families who love them. In 2024, crescent cove increased the number of families supported from 386 in 2023 to 414 in 2024. Children and families were served for respite or end-of-life care for 734 nights. Following receipt of a referral and completion of enrollment paperwork, families who have children with life-threatening conditions receive support by bringing their child and/or family for a short stay at crescent cove's hospice and respite home in order to have a necessary break from the demanding 24/7 cares for their child. Crescent cove also offers a sacred and supportive place to be when a child is dying. Crescent cove has registered nurses and certified nursing assistants caring for children 24/7 with support from two social workers, a child experience specialist, a medical director, the director of nursing and operations and volunteers. In 2024, crescent cove met infection control standards with no transmissions of illnesses between staff and children and families served. In 2024, crescent cove welcomed parents for 74 overnight stays to accompany the first night of respite stay for children as well as those staying for end-of-life care. Integrative therapies like music therapy, massage therapy, creative arts and pet therapy continued to be provided several times each week. Crescent cove hosted a sibling camp with 20 participants, as well as family gatherings for a spring fling, back to school gathering, memorial gathering and a holiday drive-thru. Advocacy - a large part of crescent cove's effort towards achieving our mission is to raise awareness about the need for additional support for children who have life-threatening conditions. In early 2023, crescent cove submitted a bill to the Minnesota state legislature advocating for state coverage for end-of-life care for children at a residential hospice. The bill passed in summer 2023. Additionally, crescent cove hosted its annual pediatric palliative care symposium in november, 2024, , with nearly 100 participants and 6 local, national and international presenters. The mission of crescent cove was also shared at speaking engagements with rotary clubs, lions club and many other events held and planned in support of crescent cove's mission. Internally, education is offered on a regular basis to staff at monthly clinical meetings and quarterly all-staff meetings as well as an all-day staff education day in september.

Financial Efficiency

• Mission deployment rate: 65.2%; rating input score 65
• Program expense ratio: 76.7%; rating input score 77
• Fundraising efficiency: $8.95 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 15.7%; rating input score 72; 72nd percentile among comparable filings
• Total-asset coverage ratio: 2.39; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
• Officer compensation ratio: 4.9%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings
• Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
• Asset growth: 16.1% per year; rating input score 100; 77th percentile among comparable filings