Hospice of Laurens County Inc

Nonprofit profile at a glance

EIN
570843527
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
8648336287
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospices

Official website

Reported finances

Revenue
$16,481,764
Expenses
$16,073,552
Assets
$9,226,358
Liabilities
$10,863,811

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • PETER A BRUNNICK (PRESIDENT & CEO)

Highest reported compensation

  • PETER A BRUNNICK (PRESIDENT & CEO): $796,828 total reported compensation
  • TODD FONTENOT (CHIEF FINANCIAL OFFICER): $527,046 total reported compensation
  • MICHAEL BOLEWITZ (CHIEF OPERATING OFFICER): $509,012 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide physical, spiritual, and emotional comfort to patients and their families dealing with a terminal illness.

What it reported doing in 2024

Adult hospice care services - hospice care is provided to patients who are facing illnesses that no longer respond to cure-oriented treatment and who have a life expectancy of six months or less. Care is provided in multiple settings, including the patient's private residence, nursing facilities, or our own hospice house. As a not-for-profit organization, hospice of laurens county provides services without regard to a patient's insurance status or ability to pay. These services include nursing care, physician visits, social work, and chaplain services. In addition, ancillary services and bereavement support are provided after the patient's death.patients with no insurance or inadequate income, based on department of health poverty guidelines, qualify for charity care. Care is provided on a sliding fee scale. During the year ended december 31, 2024, the amount of charity care was $283,458, and is netted with patient service revenue on the consolidated statements of activities.

Operating model

Revenue model
Earned-program. 96% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 71
  • Accountability: 91
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.4%; rating input score 89
  • Program expense ratio: 91.8%; rating input score 92
  • Fundraising efficiency: $1.78 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.5%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 1.18; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 18.8% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 15.7% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 89.4% of revenue deployed · 91.8% of spending went to programs
  • Governance: 21 of 21 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $14.7M in reported program spending
  • Leadership: top reported pay $797K · 32 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 10 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.