Hcyn Inc

Nonprofit profile at a glance

EIN
471820492
IRS 990 coverage
2014–2021
Forms available
Form 990 2021
Location
Denver, CO, USA
Phone
3037804600
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$315,755
Expenses
$67,469
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • ANDREA COLEMAN (CHAIR)
  • MARY BETH SAVORY (VICE CHAIR)
  • BILL MCKEE (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hcyn, inc. Is committed to a standard of excellence in providing sensitive, patient-centered health care to hospice patients and families.

What it reported doing in 2021

Hospice care is distinguished from traditional care by the centers for medicare and medicaid services (cms) as end of life care that does not include curative measurers for those with life-limiting illnesses and given a prognosis of less than six months to live. The inter-disciplinary team includes a physician, registered nurse, chaplain, and social worker. Patients include those who qualify for medicare and medicaid and other various insurance programs, as well as those who are underinsured and uninsured, veterans and children. Halcyon hospice also runs a palliative care program, which coordinates care and services for people coping with chronic illness and assists individuals during the times of transition through an integrated personalized care plan and 24-7 support. This type of palliative care is available before a patient is eligible for hospice care. Palliative care (1) relieves pain and other symptoms, (2) increases comfort for patients and may include curative measures, and (3) provides practical assistance for patients and caregivers at home.as a result of financial decline arising from circumstances associated with the covid-19 pandemic, hync. Officially ceased operations on august 5, 2020. The organization was officially dissolved on july 1, 2021 upon filing the articles of dissolution with the Colorado secretary of state. For the remaining months following the dissolution, the organization continued its process of winding down and closing the organization.

Operating model

Revenue model
Other-operating. 100% 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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 16
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 54
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.9%; rating input score 7
  • Program expense ratio: 36.4%; rating input score 36
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 78.6%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: -1.5% per year; rating input score 0; 36th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -17.4% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 6.9% of revenue deployed · 36.4% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $25K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2014 to 2021
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 36/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.