Hospice & Palliative Care of Iredell County
Legal name: Hospice of Iredell County Inc
Nonprofit profile at a glance
- EIN
- 561376577
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Statesville, NC, USA
- Phone
- 7048734719
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospices
Reported finances
- Revenue
- $23,855,238
- Expenses
- $21,379,062
- Assets
- $35,142,149
- Liabilities
- $2,860,626
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- MICHAEL SMITH (PRESIDENT/CEO)
Highest reported compensation
- CATHERINE CARNES (CHIEF MEDICAL OFFICER): $309,952 total reported compensation
- SUSAN STURGESS (PHYSICIAN): $239,182 total reported compensation
- MICHAEL SMITH (PRESIDENT/CEO): $196,282 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Hospice & Palliative Care of Iredell County is to honor life by providing extraordinary care with compassion, comfort and dignity to our patients, families and community. Our professionals and volunteers honor their word and take responsibility for fulfilling our mission. Teamwork Our caregiving team – physicians, nurses, social workers, bereavement counselors, chaplains and volunteers –work collaboratively to offer physical, social, emotional and spiritual support. We provide our patients with the care we would desire for ourselves or our loved ones. Integrity Our professionals and volunteers honor their word and take responsibility for fulfilling our mission.
What it reported doing in 2024
In fy 2024-2025, hospice of iredell county served 2,468 patients between hospice & palliative care patients. Once diagnosed and admitted to hospice care, a patient is seen regularly by hospice-trained nurses, nurse AIDS, social workers and volunteers. Bereavement and chaplain services are also available to patients and their families and caregivers.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 68.2%; rating input score 68
- Fundraising efficiency: $12.4 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 66th 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: 10.4%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 1.64; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 7.2%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 9.1% per year; rating input score 100; 60th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 60% of revenue deployed · 68.2% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $14.6M in reported program spending
- Leadership: top reported pay $310K · 23 people listed · 6 of 6 pay-setting controls reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.