Civic Intelligence

Preferred Hospice Inc.

990 • Fiscal year 2019 • EIN 27-0086345

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 31, 2020

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

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$83,889

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

1.5%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,106,379

Up $252,670 (+14%) from 2018

Net Assets

Up

$1,983,808

Up $285,325 (+17%) from 2018

Liabilities

Down

$122,571

Down $32,655 (-21%) from 2018

Revenue

Up

$2,617,499

Up $38,449 (+1.5%) from 2018

Expenses

Up

$2,337,704

Up $192,078 (+9.0%) from 2018

Net Income

Down

$279,795

Down $153,629 (-35%) from 2018

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 2019: $2,106,379Liabilities 2019: $122,571Net Assets 2019: $1,983,8082019Assets 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

2019

Assets$2,106,379
Liabilities$122,571
Net Assets$1,983,808

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 2019: $2,617,499Expenses 2019: $2,337,704Net Income 2019: $279,7952019Revenue 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

2019

Revenue$2,617,499
Expenses$2,337,704
Net Income$279,795
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 31, 2020
Return Version
2019v5.1
Gross Receipts
$2,626,943
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
Cash and Non-Interest-Bearing Accounts$335,217$790,396▲ $455,179
Savings and Temporary Cash Investments$715,640$741,132▲ $25,492
Accounts Receivable$786,944$562,051▼ $224,893
Prepaid Expenses and Deferred Charges$9,973$9,509▼ $464
Other Notes and Loans Receivable, Net$3,103$2,457▼ $646
Land, Buildings, and Equipment, Net$2,832$834▼ $1,998
Total Assets$1,853,709$2,106,379▲ $252,670
Liabilities
Accounts Payable and Accrued Expenses$155,226$122,571▼ $32,655
Total Liabilities$155,226$122,571▼ $32,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,698,483$1,983,808▲ $285,325
Total Net Assets Fund Balance$1,698,483$1,983,808▲ $285,325
Total Liabilities and Net Assets / Fund Balance$1,853,709$2,106,379▲ $252,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72$54,503$54,575
Leasehold Improvements$762$9,580$10,342
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammie VencillSecretaryFT$81,442$2,447$83,889
Dr Toeya PirizBoard Member/medical Direc-$22,750-$22,750
Dr Kevin S CombsBoard Member/ass. Medical-$10,400-$10,400

Board Members and Trustees

NameTitle
Richard SmithPresident
Peter MulkeyVice President
Karen WebbBoard Member
Marc BrooksBoard Member
Vicki HearlBoard Member
Vickie EnglandBoard Member
Mary Ann StrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,116
Program Service Revenue
$2,528,348
Investment Income
$29,380
Other Revenue
$24,655
All Other Contributions
$35,116
Change in Net Assets
$279,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,412,552
Other Expenses$925,152
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,108,225--$1,108,225
Office Expenses$387,752$10,066-$397,818
Travel$146,418$6,596-$153,014
Current Officers, Directors, Trustees, and Key Employees$114,592--$114,592
Payroll Taxes$89,656--$89,656
Other Employee Benefits$80,808--$80,808
Insurance$72,583--$72,583
Occupancy$40,347--$40,347
Information Technology-$34,011-$34,011
Fees for Services Accounting$2,525$28,546-$31,071
Pension Plan Contributions$19,271--$19,271
Advertising$17,095--$17,095
Conferences and Meetings$5,086--$5,086
Other Expenses$14,165$2,826-$2,826
Depreciation Depletion$1,999--$1,999
Total Functional Expenses$2,235,827$101,877$0$2,337,704
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$21,131
Fundraising Gross Income$12,968
Gaming Direct Expenses$9,092
Fundraising Direct Expenses$352
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Other Events$12,968$12,968-$12,968
Total Events$12,968$12,968$352$12,616
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
No
Annual disclosure for covered persons
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
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 11B

Form 990 is reviewed by the board president.

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
Richard Smith
Title
President
Phone
2763459332
Signed
2020-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Smith
Formed
2004
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
7
Employees
44
Volunteers
12

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/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015737
IRS990/PYOtherExpensesAmt0885128
IRS990/PYOtherRevenueAmt018856
IRS990/PYProgramServiceRevenueAmt02528847
IRS990/PYRevenuesLessExpensesAmt0433424
IRS990/PYSalariesCompEmpBnftPaidAmt01260498
IRS990/PYTotalExpensesAmt02145626
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02579050
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0279795
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02528348
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0715640
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0741132
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt015000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt035000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME IS COMPRISED OF FUND RAISING REVENUE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PAGE 3, SCHEDULE A, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035116
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt015610
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt020442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03894
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07505
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt082567
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt029380
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015737
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07256
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06018
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt067579
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02528348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02528848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02226509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01273593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01187670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09744968
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt029380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07256
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt067579
IRS990ScheduleA/InvestmentIncomeCYPct00.00680
IRS990ScheduleA/InvestmentIncomePYPct00.00500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt034099
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt025669
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt021037
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt011035
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08284
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0100124
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97970
IRS990ScheduleA/PublicSupportPY509Pct00.98190
IRS990ScheduleA/PublicSupportTotal509Amt09792535
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt015000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt035000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02563464
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02544458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02246951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01277487
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01195175
IRS990ScheduleA/Total509Grp/TotalAmt09827535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02626943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02585864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02277176
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01295778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01209477
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09995238
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt072
IRS990ScheduleD/EquipmentGrp/DepreciationAmt054503
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt054575
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0762
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09580
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010342
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0834
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0352
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0VARIOUS OTHER EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0352
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0352
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012968
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt012968
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt012968
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012968
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012616
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/GamingInformationGrp/CashPrizesBingoAmt02000
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt02000
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt09092
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt021131
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt021131
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt012039
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesBingoAmt06028
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt06028
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt01064
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt01064
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/StatesWhereGamingConductedCd0VA
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00

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