Civic Intelligence

Fremont Regional Hospice

EIN 20-1669740 • 501(c)3 • Canon City, CO

Profile

Our mission is to provide comprehensive coordinated care to individuals with life-limiting illnesses as well as their families while supporting them in the process of death and bereavement.

1439 Main StreetCanon City, CO 81212

www.fremontregionalhospice.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.20x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.18x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$74,577

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

22nd percentile

-7.8%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

1.2%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$805,715

Down $67,963 (-7.8%) from 2019

Liabilities

Up

$164,021

Up $73,706 (+82%) from 2019

Net Assets

Down

$641,694

Down $141,669 (-18%) from 2019

Revenue

Up

$910,374

Up $10,763 (+1.2%) from 2019

Expenses

Down

$1,094,336

Down $110,811 (-9.2%) from 2019

Net Income

Up

-$183,962

Up $121,574 (+40%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $770,241Liabilities 2011: $9,728Net Assets 2011: $760,5132011Assets 2012: $1,128,372Liabilities 2012: $70,540Net Assets 2012: $1,057,8322012Assets 2013: $1,455,677Liabilities 2013: $85,208Net Assets 2013: $1,370,4692013Assets 2014: $1,124,614Liabilities 2014: $69,316Net Assets 2014: $1,055,2982014Assets 2015: $978,126Liabilities 2015: $45,364Net Assets 2015: $932,7622015Assets 2016: $976,941Liabilities 2016: $46,156Net Assets 2016: $930,7852016Assets 2017: $912,588Liabilities 2017: $55,686Net Assets 2017: $856,9022017Assets 2018: $1,155,435Liabilities 2018: $96,881Net Assets 2018: $1,058,5542018Assets 2019: $873,678Liabilities 2019: $90,315Net Assets 2019: $783,3632019Assets 2020: $805,715Liabilities 2020: $164,021Net Assets 2020: $641,6942020

Highlighted filing

2020

Assets$805,715
Liabilities$164,021
Net Assets$641,694

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $942,716Expenses 2011: $882,771Net Income 2011: $59,9452011Revenue 2012: $1,373,154Expenses 2012: $1,065,558Net Income 2012: $307,5962012Revenue 2013: $1,422,448Expenses 2013: $1,256,022Net Income 2013: $166,4262013Revenue 2014: $778,848Expenses 2014: $1,099,519Net Income 2014: -$320,6712014Revenue 2015: $736,551Expenses 2015: $853,751Net Income 2015: -$117,2002015Revenue 2016: $799,446Expenses 2016: $811,458Net Income 2016: -$12,0122016Revenue 2017: $597,131Expenses 2017: $684,169Net Income 2017: -$87,0382017Revenue 2018: $1,252,952Expenses 2018: $1,034,031Net Income 2018: $218,9212018Revenue 2019: $899,611Expenses 2019: $1,205,147Net Income 2019: -$305,5362019Revenue 2020: $910,374Expenses 2020: $1,094,336Net Income 2020: -$183,9622020

Highlighted filing

2020

Revenue$910,374
Expenses$1,094,336
Net Income-$183,962

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$910,374
Mission and Program Overview

Mission

Our mission is to provide comprehensive coordinated care to individuals with life-limiting illnesses as well as their families while supporting them in the process of death and bereavement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$284,671$272,491▼ $12,180
Investments in Publicly Traded Securities$289,522$254,848▼ $34,674
Cash and Non-Interest-Bearing Accounts$89,991$151,964▲ $61,973
Accounts Receivable$162,985$79,903▼ $83,082
Savings and Temporary Cash Investments$46,509$46,509→ $0
Total Assets$873,678$805,715▼ $67,963
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,631$112,215▲ $105,584
Accounts Payable and Accrued Expenses$83,684$51,806▼ $31,878
Total Liabilities$90,315$164,021▲ $73,706
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$783,363$641,694▼ $141,669
Total Net Assets Fund Balance$783,363$641,694▼ $141,669
Total Liabilities and Net Assets / Fund Balance$873,678$805,715▼ $67,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$178,472$70,930$249,402
Land$100,000-$100,000
Equipment$-5,981$33,863$27,882
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle QuinnExecutive DirectorFT$76,900$76,900

Board Members and Trustees

NameTitle
Cathy RigirozziPresident
Sean MeagherVice President
Lisa LarsenClinical Director
Mike GunkelMember
Pam MariettaMember
Peggy DunnMember
Stacy SwaggerMember
Revenue and Support

Revenue Composition

Contributions and Grants
$3,265
Program Service Revenue
$903,186
Investment Income
$3,923
Other Revenue
$0
All Other Contributions
$3,265
Change in Net Assets
$-183,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$699,186
Other Expenses$395,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$420,743$160,154-$580,897
Current Officers, Directors, Trustees, and Key Employees$55,699$21,201-$76,900
Advertising$46,736--$46,736
Payroll Taxes$21,170$20,219-$41,389
Insurance$8,943$8,943-$17,886
Information Technology$8,206$8,206-$16,412
Depreciation Depletion$12,180--$12,180
Occupancy$2,381$7,144-$9,525
Other Expenses$1,126$3,379-$4,505
Office Expenses$1,573$2,535-$4,108
Fees for Services Accounting$4,000--$4,000
All Other Expenses$1,430$2,250-$3,680
Interest-$122-$122
Total Functional Expenses$843,992$250,344$0$1,094,336
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The 990 was reviewed with the Board of Directors prior to filing at a regularly scheduled meeting.

Conflict of interest policy compliance Part VI line 12C

Director regularly reviews possible conflicts of interest among directors and key employees.

Governing documents etc available to public Part VI line 19

All documents are available to the public during business hours in the main office at the request of members of the public.

Filing and Contact Details

Filer

Filer Name
Fremont Regional Hospice
EIN
20-1669740
Address
1439 MAIN STREET, CANON CITY, CO 81212

Signing Officer

Name
Michelle Quinn
Title
Executive Direc
Phone
7192754315
Signed
2021-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Michelle Quinn
Formed
2005
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
17

Preparer

Firm
Transparent Accounting Consultants
Address
3832 Yates Street, Denver, CO 80212
Preparer
Harold Yandik
Phone
3038549914
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

PPP loan funding

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available to the public during business hours in the main office at the request of members of the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PPP loan funding
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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