Civic Intelligence

Preferred Hospice Inc.

990 • Fiscal year 2014 • EIN 27-0086345

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 16, 2015

1963 Second StreetRichlands, VA 24641

(276) 963-9577

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.07x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

32nd percentile

-2.8%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$64,994

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

31st percentile

-2.8%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$686,270

Down $19,840 (-2.8%) from 2013

Net Assets

Down

$622,665

Down $26,794 (-4.1%) from 2013

Liabilities

Up

$63,605

Up $6,954 (+12%) from 2013

Revenue

Up

$951,059

Up $244,442 (+35%) from 2013

Expenses

Up

$977,853

Up $12,138 (+1.3%) from 2013

Net Income

Up

-$26,794

Up $232,304 (+90%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $706,110Liabilities 2013: $56,651Net Assets 2013: $649,4592013Assets 2014: $686,270Liabilities 2014: $63,605Net Assets 2014: $622,6652014Assets 2015: $808,688Liabilities 2015: $68,173Net Assets 2015: $740,5152015Assets 2016: $865,663Liabilities 2016: $69,238Net Assets 2016: $796,4252016Assets 2017: $1,376,704Liabilities 2017: $110,704Net Assets 2017: $1,266,0002017Assets 2018: $1,853,709Liabilities 2018: $155,226Net Assets 2018: $1,698,4832018Assets 2020: $2,959,758Liabilities 2020: $139,541Net Assets 2020: $2,820,2172020Assets 2021: $3,040,383Liabilities 2021: $175,652Net Assets 2021: $2,864,7312021Assets 2024: $2,102,712Liabilities 2024: $229,827Net Assets 2024: $1,872,8852024

Highlighted filing

2014

Assets$686,270
Liabilities$63,605
Net Assets$622,665

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $706,617Expenses 2013: $965,715Net Income 2013: -$259,0982013Revenue 2014: $951,059Expenses 2014: $977,853Net Income 2014: -$26,7942014Revenue 2015: $1,207,717Expenses 2015: $1,089,867Net Income 2015: $117,8502015Revenue 2016: $1,293,343Expenses 2016: $1,237,433Net Income 2016: $55,9102016Revenue 2017: $2,272,825Expenses 2017: $1,803,250Net Income 2017: $469,5752017Revenue 2018: $2,579,050Expenses 2018: $2,145,626Net Income 2018: $433,4242018Revenue 2020: $3,154,508Expenses 2020: $2,320,466Net Income 2020: $834,0422020Revenue 2021: $2,369,020Expenses 2021: $2,342,073Net Income 2021: $26,9472021Revenue 2024: $2,764,829Expenses 2024: $2,763,510Net Income 2024: $1,3192024

Highlighted filing

2014

Revenue$951,059
Expenses$977,853
Net Income-$26,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 16, 2015
Return Version
2014v5.0
Gross Receipts
$954,495
Mission and Program Overview

Mission

To provide hospice, end of life care management, to individuals in the local community.

To provide hospice, end of life care management, to individuals in the local community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$468,220$382,725▼ $85,495
Cash and Non-Interest-Bearing Accounts$128,364$194,921▲ $66,557
Accounts Receivable$76,350$71,733▼ $4,617
Land, Buildings, and Equipment, Net$13,684$27,411▲ $13,727
Prepaid Expenses and Deferred Charges$19,353$9,340▼ $10,013
Other Notes and Loans Receivable, Net$139$140▲ $1
Total Assets$706,110$686,270▼ $19,840
Liabilities
Accounts Payable and Accrued Expenses$56,651$63,605▲ $6,954
Total Liabilities$56,651$63,605▲ $6,954
Net Assets / Fund Balance
Unrestricted Net Assets$649,459$622,665▼ $26,794
Total Net Assets Fund Balance$649,459$622,665▼ $26,794
Total Liabilities and Net Assets / Fund Balance$706,110$686,270▼ $19,840

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,452$104,153$127,605
Leasehold Improvements$3,959$6,907$10,866
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erika ShreveSecretaryFT$63,221$1,773$64,994
Sandra G HogstonExecutive Administrator-$42,900-$42,900
Toeya PirizBoard Member-$21,250-$21,250
Lz ClaustroBoard Member-$7,028-$7,028
Sami JawadBoard Member-$1,029-$1,029

Board Members and Trustees

NameTitle
Jennifer RobinsonBoard President
Peter MulkeyVice President
Barry CunninghamBoard Member
Bill KeeleBoard Member
Vicki HearlBoard Member
Richard SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,557
Program Service Revenue
$922,630
Investment Income
$3,031
Other Revenue
$9,841
All Other Contributions
$15,557
Change in Net Assets
$-26,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$555,446
Other Expenses$422,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$344,773--$344,773
Office Expenses$178,269$7,776-$186,045
Current Officers, Directors, Trustees, and Key Employees$137,201--$137,201
Travel$47,163$2,198-$49,361
Occupancy$48,790$501-$49,291
Payroll Taxes$37,331--$37,331
Insurance$31,347--$31,347
Other Employee Benefits$28,686--$28,686
Fees for Services Accounting$1,750$17,797-$19,547
Depreciation Depletion$13,175--$13,175
Pension Plan Contributions$7,455--$7,455
Advertising$6,021--$6,021
Information Technology-$3,900-$3,900
Fees for Services Legal-$979-$979
Other Expenses$5,054$751-$751
Conferences and Meetings$384--$384
Total Functional Expenses$941,038$36,815$0$977,853
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,543
Fundraising Direct Expenses$2,702
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section A, Line 8B

Organization does not have committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed by the executive director.

Form 990, Part VI, Section B, Line 12C

At hire all employees are required to read and sign/date a conflict of interest statement that they have no financial or personal conflicts of interest with the agency. When new board members are appointed they also sign this form to ensure compliance. On an ongoing basis the director evaluates through practice and communication that conflicts of interest are identified.

Form 990, Part VI, Section B, Line 15A

Top management compensation is based on: a) local / geographical comparative salary ranges for like positions in like market; b) skill level and knowledge of the management employee; c) national salary ranges that are distributed from the nhpco; d) duties of the position and level of responsibility.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Preferred Hospice Inc
EIN
27-0086345
Phone
2769639577
Address
1963 SECOND STREET, RICHLANDS, VA 24641
Doing Business As
Legacy Hospice

Signing Officer

Name
Sandra G Hogston
Title
Executive Director
Phone
2769639577
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra G Hogston
Formed
2004
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
7
Employees
26
Volunteers
14

Preparer

Firm
Brown Edwards & Company Llp
Address
1969 LEE HIGHWAY, BRISTOL, VA 24201
Preparer
C Stanley Bowles Ii
Phone
2764665248
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0820872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt174307
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227451
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019207
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05802
IRS990/PYOtherExpensesAmt0383685
IRS990/PYOtherRevenueAmt0-2540
IRS990/PYProgramServiceRevenueAmt0684148
IRS990/PYRevenuesLessExpensesAmt0-259098
IRS990/PYSalariesCompEmpBnftPaidAmt0582030
IRS990/PYTotalExpensesAmt0965715
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0706617
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-26794
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0922630
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0468220
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0382725
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt012500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt030000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt087500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt015557
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt019207
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt026431
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021258
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt033095
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0115548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03765
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05930
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011590
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014359
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt044985
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0922630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0684148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01273768
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01479261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01887123
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06246930
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt025280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt016303
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt017473
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt020327
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt079383
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03765
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05930
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014359
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt044985
IRS990ScheduleA/InvestmentIncomeCYPct00.00690
IRS990ScheduleA/InvestmentIncomePYPct00.00710
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012543
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04487
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03348
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08303
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07939
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036620
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97410
IRS990ScheduleA/PublicSupportPY509Pct00.97790
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt012500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt030000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0728635
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01517992
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0739052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01329191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01537885
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01962843
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06523466
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt023452
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0104153
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0127605
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03959
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06907
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010866
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027411
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT HIRE ALL EMPLOYEES ARE REQUIRED TO READ AND SIGN/DATE A CONFLICT OF INTEREST STATEMENT THAT THEY HAVE NO FINANCIAL OR PERSONAL CONFLICTS OF INTEREST WITH THE AGENCY. WHEN NEW BOARD MEMBERS ARE APPOINTED THEY ALSO SIGN THIS FORM TO ENSURE COMPLIANCE. ON AN ONGOING BASIS THE DIRECTOR EVALUATES THROUGH PRACTICE AND COMMUNICATION THAT CONFLICTS OF INTEREST ARE IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TOP MANAGEMENT COMPENSATION IS BASED ON: A) LOCAL / GEOGRAPHICAL COMPARATIVE SALARY RANGES FOR LIKE POSITIONS IN LIKE MARKET; B) SKILL LEVEL AND KNOWLEDGE OF THE MANAGEMENT EMPLOYEE; C) NATIONAL SALARY RANGES THAT ARE DISTRIBUTED FROM THE NHPCO; D) DUTIES OF THE POSITION AND LEVEL OF RESPONSIBILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11

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