Guardian Angels - Elim Home Care Inc

What it reported doing in 2024

Guardian angels elim home care inc. Is a non-profit 501(c)(3) company. It provides home care and hospice services in the community, in assisted living housing with services buildings, apartment buildings, nursing homes and other independent living units. Our home care agency has its corporate office in elk river, Minnesota, and one branch office in cambridge, Minnesota. Our hospice agency is located in locations; elk river, buffalo and cambrige, Minnesota.we accept payment from medicare, private pay, medical assistance, health plans, and private insurance. Our client base is a mix of private pay, va, ma & medicare eligible beneficiaries.we have provided services to clients that we did not charge them for because they could not afford it. We offered hospice care to a family whose insurance coverage will lapse soon at a reduced rate to the family. Our mission is to serve all clients no matter what their payment source or background is, if we can provide that service.any revenue earned is turned back into our business to provide other services to our communities. We have one big event in july called our butterfly release, to honor those patients who have died in our hospice program over the past year.all of our donations are used to support the home care and hospice program such as massage therapy, pet therapy, and music therapy. All of which are services provided but not covered as a benefit to hospice patients. Our chaplain program is another service started with donated money from community members or families.

Financial Efficiency

• Mission deployment rate: 67.5%; rating input score 67
• Program expense ratio: 77.9%; rating input score 78
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.2%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 0.21; rating input score 5; 5th percentile among comparable filings
• Liabilities to assets ratio: 0.48; rating input score 30; 30th percentile among comparable filings
• Officer compensation ratio: 4.8%; rating input score 52; 52nd percentile among comparable filings

Growth

• Program expense growth: 10% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: 8.2% per year; rating input score 100; 66th percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 37th percentile among comparable filings