Civic Intelligence

Preferred Hospice Inc.

990 • Fiscal year 2015 • EIN 27-0086345

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 19, 2016

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

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.06x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

9.8%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$68,456

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

81st percentile

27%

Faster revenue growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$808,688

Up $102,578 (+15%) from 2013

Net Assets

Up

$740,515

Up $91,056 (+14%) from 2013

Liabilities

Up

$68,173

Up $11,522 (+20%) from 2013

Revenue

Up

$1,207,717

Up $501,100 (+71%) from 2013

Expenses

Up

$1,089,867

Up $124,152 (+13%) from 2013

Net Income

Up

$117,850

Up $376,948 (+145%) 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 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

2015

Assets$808,688
Liabilities$68,173
Net Assets$740,515

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 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

2015

Revenue$1,207,717
Expenses$1,089,867
Net Income$117,850
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 19, 2016
Return Version
2015v2.1
Gross Receipts
$1,209,477
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$382,725$385,201▲ $2,476
Cash and Non-Interest-Bearing Accounts$194,921$238,528▲ $43,607
Accounts Receivable$71,733$155,251▲ $83,518
Land, Buildings, and Equipment, Net$27,411$17,561▼ $9,850
Prepaid Expenses and Deferred Charges$9,340$12,006▲ $2,666
Other Notes and Loans Receivable, Net$140$141▲ $1
Total Assets$686,270$808,688▲ $122,418
Liabilities
Accounts Payable and Accrued Expenses$63,605$68,173▲ $4,568
Total Liabilities$63,605$68,173▲ $4,568
Net Assets / Fund Balance
Unrestricted Net Assets$622,665$740,515▲ $117,850
Total Net Assets Fund Balance$622,665$740,515▲ $117,850
Total Liabilities and Net Assets / Fund Balance$686,270$808,688▲ $122,418

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,299$114,564$128,863
Leasehold Improvements$3,262$7,604$10,866
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammy VencilSecretaryFT$66,479$1,977$68,456
Sandra G HogstonExecutive Administrator-$44,550-$44,550
Toeya PirizBoard Member/medical Director-$23,625-$23,625
Erika ShreveSecretaryFT$21,430$717$22,147
Dr Kevin S CombsBoard Member/ass. Medical Director-$1,400-$1,400

Board Members and Trustees

NameTitle
Richard SmithPresident
Peter MulkeyVice President
Bill KeeleBoard Member
Karen WebbBoard Member
Mary Ann StrongBoard Member
Vicki HearlBoard Member
Barry CunninghamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,505
Program Service Revenue
$1,187,670
Investment Income
$6,018
Other Revenue
$6,524
All Other Contributions
$7,505
Change in Net Assets
$117,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$636,945
Other Expenses$452,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$399,067--$399,067
Office Expenses$221,406$7,735-$229,141
Current Officers, Directors, Trustees, and Key Employees$160,178--$160,178
Travel$54,496$1,460-$55,956
Occupancy$49,555--$49,555
Payroll Taxes$48,204--$48,204
Insurance$35,065--$35,065
Other Employee Benefits$26,095--$26,095
Fees for Services Accounting$2,348$16,406-$18,754
Advertising$12,629--$12,629
Depreciation Depletion$11,108--$11,108
Information Technology-$3,453-$3,453
Pension Plan Contributions$3,401--$3,401
Other Expenses$5,596$2,619-$2,619
Conferences and Meetings$1,828--$1,828
Total Functional Expenses$1,055,242$34,625$0$1,089,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,284
Fundraising Direct Expenses$1,760
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
2016-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra G Hogston
Formed
2004
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
7
Employees
30
Volunteers
17

Preparer

Firm
Brown Edwards & Company Llp
Address
513 STATE STREET, BRISTOL, VA 24201
Preparer
C Stanley Bowles Ii
Phone
2766696171
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt229438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01125620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132612
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229438
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015557
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03031
IRS990/PYOtherExpensesAmt0422407
IRS990/PYOtherRevenueAmt09841
IRS990/PYProgramServiceRevenueAmt0922630
IRS990/PYRevenuesLessExpensesAmt0-26794
IRS990/PYSalariesCompEmpBnftPaidAmt0555446
IRS990/PYTotalExpensesAmt0977853
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0951059
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0117850
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01187670
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0382725
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0385201
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt012500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt015000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt057500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt07505
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt015557
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt019207
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt026431
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt021258
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt089958
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03765
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05930
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011590
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01187670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0922630
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0684148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01273768
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01479261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05547477
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt025280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt016303
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt017473
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt059056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03765
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05930
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036644
IRS990ScheduleA/InvestmentIncomeCYPct00.00640
IRS990ScheduleA/InvestmentIncomePYPct00.00690
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt012543
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04487
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03348
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08303
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036965
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97730
IRS990ScheduleA/PublicSupportPY509Pct00.97410
IRS990ScheduleA/PublicSupportTotal509Amt05638991
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt012500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt015000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt057500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01195175
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0938187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0728635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01316502
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01517992
IRS990ScheduleA/Total509Grp/TotalAmt05696491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01209477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0954495
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0739052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01329191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01537885
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05770100
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014299
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114564
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0128863
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03262
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07604
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010866
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017561
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

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