Wilmed Home Care Inc

Nonprofit profile at a glance

EIN
561437022
IRS 990 coverage
2009–2009
Forms available
Form 990 2009
Location
Wilson, NC, USA
Phone
2523998141
Rating confidence
Limited
Sector
Hospices

Official website

Reported finances

Revenue
$2,137,716
Expenses
$2,230,913
Assets
$1,062,764
Liabilities
$306,729

Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.

Leadership & pay

19 people listed

Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wilmed home care, inc. Is a non-profit organization that provides healthcare services to its patients and the surrounding community.

What it reported doing in 2009

Sponsored and facilitated monthly bereavement and caregivers support group which is available to the citizens of Wilson County. Sponsored community educational displays and screenings for community events, including caregivers day at Barton College. Numerous speaking engagements were given to many diverse community groups and organizations on various topics, including end of life, advanced directives, and care giving issues. Through the community alternatives program, 171 slots are available to Medicaid patients to prevent nursing home placement allowing them to remain in their homes with comprehensive care. An unlimited number of slots are available for Medicaid Cap children (17 and under). This year we serviced 10 children in Wilson County. Community hospice education was provided.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 27
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • 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: 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: -4.4%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.2M in reported program spending
  • Leadership: top reported pay $397K · 19 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Related organizations: 4 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.