Hospice of the Valley

What it reported doing in 2024

Hospice care is provided to patients and families facing a terminal illness. Public support is used to cover the cost of our service when there is no reimbursement. In this year, hospice services were provided to more than 17,000 patients by our skilled nurses, home care aides, social workers, and chaplains. In addition to providing hospice care in the home, hospice of the valley offers services to terminally ill patients whose needs, or the needs of their families, are better met in one of our nine inpatient facilities. This is a transitional time to control and manage patients' symptoms until they can return to their homes or less medically acute settings. Inpatient hospice teams provide round-the-clock, compassionate, comfort care for patients and support for families. Doctors, nurses, social workers, chaplains, and nurses' aides address patients' medical, emotional, and spiritual needs in peaceful, homelike environments. Hospice of the valley also provides bereavement services to support family members and loved ones as they grieve, including counseling, support groups, and other resources to promote healing and emotional well-being. The primary mission of hospice of the valley is to bring comfort, dignity, and compassionate care to our community.

Financial Efficiency

• Mission deployment rate: 78.7%; rating input score 79
• Program expense ratio: 89.9%; rating input score 90
• Fundraising efficiency: $14.1 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • 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: 99.8%; rating input score 100; 45th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 94.7%; rating input score 95; 47th 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: 12.8%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 1.1; rating input score 43; 43rd percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
• Revenue growth: 1.6% per year; rating input score 100; 12th percentile among comparable filings
• Asset growth: 0.2% per year; rating input score 100; 8th percentile among comparable filings