Hospice of Martin & St Lucie Inc

Nonprofit profile at a glance

EIN
592171740
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Stuart, FL, USA
Phone
7724034500
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospices

Official website

Reported finances

Revenue
$20,274,860
Expenses
$19,165,090
Assets
$9,219,170
Liabilities
$724,723

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

Leadership & pay

31 people listed

Executive titles in this filing

  • JACKIE KENDRICK CHPC (PRESIDENT & CEO)
  • JOHN CROUCH DO (VICE PRESIDENT OF MEDICAL SERVICES)
  • KENNETH MURRAY FOURNIE CFRE FAHP (VICE PRESIDENT OF PHILANTROPY AND OPERATIONS)

Highest reported compensation

  • JACKIE KENDRICK CHPC (PRESIDENT & CEO): $403,738 total reported compensation
  • JOHN CROUCH DO (VICE PRESIDENT OF MEDICAL SERVICES): $338,325 total reported compensation
  • KENNETH MURRAY FOURNIE CFRE FAHP (VICE PRESIDENT OF PHILANTROPY AND OPERATIONS): $334,851 total reported compensation

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

Overview

Mission

Hospice of martin & st. Lucie, inc. Exists to provide hospice, grief counseling, education and other services to patients and families, dealing with death and dying so that they might live as fully and comfortably as possible. Hospice recognizes dying as a normal process. Hospice exists (continued on schedule o)

What it reported doing in 2024

Hospice care is a special way of caring for patients and families living in martin, st. Lucie and okeechobee counties who are dealing with death and dying. This care includes physical care and counseling. Hospice is for all age groups during their final stages of life throughout the human lifespan. The goal of hospice care is to teach the caregivers and attend to the medical, physical, social, emotional, and spiritual needs of the hospice patient. Additional supportive care and counseling are provided to families. During the current year, there were 82,467 patient days and 1,645 patients served by the filing organization.

Operating model

Revenue model
Other-operating. 98% 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

SUPPORTED - 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 76
  • Accountability: 91
  • Sustainability: 49
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.9%; rating input score 58
  • Program expense ratio: 61%; rating input score 61
  • Fundraising efficiency: Limited

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: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 5.5%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: -6.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 57.9% of revenue deployed · 61% of spending went to programs
  • Governance: 19 of 19 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11.7M in reported program spending
  • Leadership: top reported pay $404K · 31 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.1M reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Review — Sustainability: Operating margin scored 55/100.