Hospice of Cabarrus County Inc

Nonprofit profile at a glance

EIN
581584842
IRS 990 coverage
2013–2014
Forms available
Form 990 2014
Location
Kannapolis, NC, USA
Phone
7049359434
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospices

Official website

Reported finances

Revenue
$9,506,200
Expenses
$11,687,344
Assets
$7,416,130
Liabilities
$2,904,000

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • SHIRLEY MCDOWELL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DR VANDANA SHARMA (PHYSICIAN): $274,434 total reported compensation
  • SHIRLEY MCDOWELL (EXECUTIVE DIRECTOR): $151,927 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hospice provides physical, social, emotional and spiritual support for people with life-threatening illnesses and their families.

What it reported doing in 2014

Hospice house provides comprehensive inpatient and residential care for terminally ill patients and their families.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 25
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.2%; rating input score 97
  • Program expense ratio: 79.1%; rating input score 79
  • Fundraising efficiency: $3.88 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 65th 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: -22.9%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: -5.8% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -17.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -11.2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 97.2% of revenue deployed · 79.1% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $9.2M in reported program spending
  • Leadership: top reported pay $274K · 23 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 3 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.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.