The Hospice Foundation

Nonprofit profile at a glance

EIN
561823562
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Winstonsalem, NC, USA
Phone
3367683972
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$2,474,833
Expenses
$5,232,133
Assets
$34,587,331
Liabilities
$25,061,085

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • MICHAEL LALOR (CARECENTER CEO (EX-OFFICIO))
  • BETH FORRESTER (EXECUTIVE DIRECTOR (EX-OFFICIO))

Highest reported compensation

  • MICHAEL LALOR (CARECENTER CEO (EX-OFFICIO)): $462,272 total reported compensation
  • DAVE SHELTON (ASSISTANT TREASURER): $217,865 total reported compensation
  • BETH FORRESTER (EXECUTIVE DIRECTOR (EX-OFFICIO)): $162,451 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the hospice foundation is to support hospice & palliative carecenter through sound investment, strong fundraising efforts, and comprehensive stewardship of donors.

What it reported doing in 2025

The hospice foundation manages the investments of hospice & palliative carecenter and provides financial support to that organization.

Operating model

Revenue model
Investment-supported. 78% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 71
  • Accountability: 86
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.3%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -111.4%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 6.61; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 19.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.3% of spending went to programs
  • Governance: 22 of 22 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.1M in reported program spending
  • Leadership: top reported pay $462K · 25 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.