The Hospice Foundation of the Florida Suncoast Inc

What it reported doing in 2024

Suncoast hospice foundation seeks to foster relationship building of community investments in order to support unfunded services, fund start-up services and to provide resources to empath health, inc.'s and its members' programs. Empath health, inc. Is a nonprofit, integrated network of care encompassing hospice, skilled home health care, assistance for independent living and daycare for seniors, community-based palliative care, services for those infected or affected by HIV, advance care planning and grief services. Programs receiving support through suncoast hospice foundation include programs of suncoast hospice, suncoast pace, empath partners in care (epic), empath home health care, inc., empath community health and other programs and services of empath health, inc. Suncoast hospice foundation fills the gap between reimbursable and non-reimbursable expenses associated with (continued on schedule o) chronic or advanced illness and grief. The foundation assists those who are not insured; those who need more than insurance covers; those who cannot afford to pay; those who have family members affected by a patient's health condition; and those who need assistance with needs outside or in addition to their direct medical diagnosis. The foundation seeks to provide care, compassion, comfort, and inspiration to everyone directly and indirectly affected by family members' medical needs regardless of diagnosis, race, faith, age, or financial circumstances.

Financial Efficiency

• Mission deployment rate: 80.9%; rating input score 81
• Program expense ratio: 87.5%; rating input score 88
• Fundraising efficiency: $28.67 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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: 10.3%; rating input score 68; 68th percentile among comparable filings
• Total-asset coverage ratio: 6.26; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 86; 86th percentile among comparable filings
• Officer compensation ratio: 4%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: 8.1% per year; rating input score 100; 62nd percentile among comparable filings
• Revenue growth: 0.8% per year; rating input score 100; 11th percentile among comparable filings
• Asset growth: 1.7% per year; rating input score 100; 16th percentile among comparable filings