Hospice of Wichita Falls Inc Support Trust

Nonprofit profile at a glance

EIN
450522717
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Wichita Falls, TX, USA
Phone
9406910982
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospices

Reported finances

Revenue
$187,586
Expenses
$145,001
Assets
$2,105,083
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Highest reported compensation

  • DEREK FRANCIS (TRUSTEE): $124,354 total reported compensation
  • AMERICAN NATIONAL BANK (TRUSTEE): $19,845 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operated for the exclusive support of hospice of wichita falls, inc., a 501(c)3 organization that provides hospice care, support, and bereavement services to patients and their

What it reported doing in 2023

Hospice of wichita falls, inc.support trust (the hospice trust)was created in august, 2003 for the purpose of providing income for general operating purposes to hospice of wichita falls, inc., a non-profit organization located in wichita falls, Texas. Hospice of wichita falls, inc. Provides hospice care in residences and in an inpatient facility to individuals with any life limiting illness and support for their families regardless of the patients ability to pay. Hospice of wichita falls, inc. Also offers support and bereavement services to the community at no charge. Hospice of wichita falls, inc.s service area includes the city of wichita falls, as well as communities in eleven counties in north Texas. The hospice trust will serve as a financial resource providing unrestricted funds to be used in the operations of hospice of wichita falls, inc.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Accountability: 25
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.1%; rating input score 66
  • Program expense ratio: 85.5%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22.7%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 14.52; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 18%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 66.1% of revenue deployed · 85.5% of spending went to programs
  • Governance: 1 of 3 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $124K in reported program spending
  • Leadership: top reported pay $124K · 3 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Officer compensation ratio scored 21/100.