Pathways

What it reported doing in 2024

Pathways is committed to be the region's preferred provider of hospice, palliative care, and grief support through excellent patient care in all settings and comprehensive grief support. We educate about end-of-life care, partner with caregivers, remain good financial stewards, grow to meet our community's needs, and strive to be an employer of choice. We partner with patients and families to develop highly individualized care plans. Our services can be provided at a caregiver's home, at assisted living and long-term care facilities, in hospitals, or at our in-patient care center. Pathways' services include medical direction by board-certified physicians, nursing care, pain and symptom management, medical equipment and supplies, prescription medications and personal care provided by certified nurse aides, social services, counseling, spiritual care through chaplain or personal spiritual leaders, volunteers, complementary therapies including music and art programs for grief and loss. Patients and families have access to medical, nursing, and psychosocial support services 24 hours a day, 7 days a week, 365 days a year. Bereavement services are available not only to the families of the patients we serve but also to anyone in the communities we serve who is coping with serious illness, grief, and loss. We offer a variety of grief support groups for adults, teens, and children. Grief and bereavement support and education is also provided to area schools, counselors, first responders, and other professionals to help young people who have experienced a loss and to better cope with their own vicarious trauma. Several of our counselors are certified in eye movement desensitization and reprocessing (emdr) treatment, and we offer complementary and alternative therapies including expressive arts, music therapy, and reiki. The administrative and business offices for pathways hospice are located at 305 carpenter road in fort collins and 2525 west 16th street, suite c in greeley. From these locations we serve larimer county and portions of weld county including greeley, windsor, severance, ault, eaton, timnath, johnstown, and their surrounding communities. Pathways hospice staffs and maintains a six-bed inpatient care center located on the third floor of the mckee medical center in loveland. General inpatient, respite and routine care are provided. Pathways hospice services are available in numerous skilled nursing homes, assisted living facilities, and independent living centers throughout our community. In 2024 pathways hospice served 1,851 hospice patients, 482 palliative patients and 1,682grief patients.

Financial Efficiency

• Mission deployment rate: 70.4%; rating input score 70
• Program expense ratio: 73%; rating input score 73
• Fundraising efficiency: $3.73 raised per $1 spent on fundraising; rating input score 14; 14th 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: 91.7%; rating input score 92; 24th 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: 4.3%; rating input score 51; 51st percentile among comparable filings
• Total-asset coverage ratio: 1.55; rating input score 52; 52nd percentile among comparable filings
• Liabilities to assets ratio: 0.31; rating input score 45; 45th percentile among comparable filings
• Officer compensation ratio: 5.9%; rating input score 43; 43rd percentile among comparable filings

Growth

• Program expense growth: 8.6% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 7.4% per year; rating input score 100; 62nd percentile among comparable filings
• Asset growth: 13.5% per year; rating input score 100; 77th percentile among comparable filings