The Denver Hospice
Legal name: Hospice of Metro Denver Inc
Nonprofit profile at a glance
- EIN
- 840743121
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Denver, Colorado, US
- Phone
- 303-321-2828
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospices
Reported finances
- Revenue
- $38,210,365
- Expenses
- $37,576,093
- Assets
- $73,633,996
- Liabilities
- $11,953,820
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- TIM J BOWEN (CHIEF EXECUTIVE OFFICER)
- EVERTH E LOPEZ (PRESIDENT)
Highest reported compensation
- TIM J BOWEN (CHIEF EXECUTIVE OFFICER): $1,691,438 total reported compensation
- EVERTH E LOPEZ (PRESIDENT): $403,057 total reported compensation
- PAUL E TOSETTI (CHIEF FINANCIAL OFFICER(THRU 5/24)): $328,943 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 encircle those facing advanced illness with unprecedented levels of comfort, compassion, and expertise.
What it reported doing in 2024
The denver hospice provides end of life care through palliative and hospice services. Hospice care is delivered by an interdisciplinary team to include a physician, nurse, social work and chaplains to patients with a terminal diagnosis and a prognosis of six months or less to live. Palliative care is provided to those facing serious illness to optimize quality of life. Patients may have medicare, medicaid, commercial insurance or may be under or un-insured. The denver hospice is accredited by achc (accreditation commission for health care).
Operating model
- Revenue model
- Other-operating. 94% 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 - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 89
- Accountability: 95
- Sustainability: 51
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.8%; rating input score 73
- Program expense ratio: 73.4%; rating input score 73
- Fundraising efficiency: $5.86 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- 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: 90.9%; rating input score 91; 23rd 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: 1.7%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 1.96; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings
Details
- What they do: 15 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 72.8% of revenue deployed · 73.4% of spending went to programs
- Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $27.6M in reported program spending
- Leadership: top reported pay $1.7M · 22 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $10.3M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 4 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 24/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.