Hosparus Inc Hosparus Health

What it reported doing in 2024

Hospice services: for 40 years, hosparus inc., d/b/a hosparus health, is a dully accredited hospice and palliative care organization offering grief counseling, pain management and much more for people facing serious life-limiting illnesses in Kentucky and Indiana. Hosparus health has over 800 employees and 500 volunteers who care for more than 8,600 patients and their families per year. Hospice and palliative care is the premier model for quality, compassionate care for people facing life-limiting illness or injury. Our care involves treatment that enhance a patient's comfort and quality of life. Care also addresses the patient's and their family's emotional and spiritual needs. All services are delivered wherever a patient calls home, 24 hours a day, 7 days a week. Care locations include a family residence, a nursing home, an assisted living facility, an inpatient unit or a hospital. Our services include: pain control and control of sysmptoms such as nausea, vomiting, shortness of breath, and restlessness. We provide medication management and personal care such as bathing, skin care, light housekeeping, counseling, and spiritual care. Interdisciplinary teams of hospice and palliative care staff include board certified physicians, advanced nurse practitioners, registered nurses, certified nursing assistants, grief counselors and social workers, chaplains, and volunteers. Hosparus inc. Operates an inpatient care center at the noton healthcare pavilion (27 beds) in louisville, ky. The center offers patients short-term care in private rooms to treat chronic pain and other symptoms associated with life-limiting illnesses not responsive to home care, such as respiratory distress, end-stage cardiac symptoms, nausea, and vomiting.

Financial Efficiency

• Mission deployment rate: 73.1%; rating input score 73
• Program expense ratio: 80.5%; rating input score 80
• Fundraising efficiency: $1.62 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

• Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • 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: 0%; rating input score 0; 3rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 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: 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: 6.9%; rating input score 64; 64th percentile among comparable filings
• Total-asset coverage ratio: 1.34; rating input score 49; 49th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 76; 76th percentile among comparable filings
• Officer compensation ratio: 4.7%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 9.8% per year; rating input score 100; 69th percentile among comparable filings