Hospice of the Emerald Coast Inc

Nonprofit profile at a glance

EIN
621805874
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Mooresville, NC, USA
Phone
6784490446
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Hospices

Reported finances

Revenue
$61,723,041
Expenses
$49,113,530
Assets
$82,075,529
Liabilities
$9,302,840

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

Leadership & pay

11 people listed

Executive titles in this filing

  • CATHY BLANCHARD (VICE PRESIDENT)
  • MICHELLE CARTER (PRESIDENT)

Highest reported compensation

  • ISMAIL ZABIH (DIRECTOR): $2,000 total reported compensation
  • JENNIFER BOWMAN (DIRECTOR): $2,000 total reported compensation
  • WILLIAM LONG (CHAIRMAN): $2,000 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 services

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% 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

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 75
  • Accountability: 62
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.5%; rating input score 38
  • Program expense ratio: 49.7%; rating input score 50
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 56.1%; rating input score 56; 11th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 42.9%; rating input score 43; 12th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 20.4%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 95; 95th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 37.5% of revenue deployed · 49.7% of spending went to programs
  • Governance: 3 of 7 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $24.4M in reported program spending
  • Leadership: top reported pay $2K · 11 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 8 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • Moderate — Accountability: Independent voting board scored 43/100.
  • Review — Transparency & Controls: Grant itemization coverage scored 56/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.