Civic Intelligence

Preferred Hospice Inc.

990 • Fiscal year 2021 • EIN 27-0086345

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 16, 2022

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

48th percentile

0.06x

Higher debt load relative to assets than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.07x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

28th percentile

1.1%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$96,466

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

34th percentile

2.7%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-25%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,040,383

Up $80,625 (+2.7%) from 2020

Net Assets

Up

$2,864,731

Up $44,514 (+1.6%) from 2020

Liabilities

Up

$175,652

Up $36,111 (+26%) from 2020

Revenue

Down

$2,369,020

Down $785,488 (-25%) from 2020

Expenses

Up

$2,342,073

Up $21,607 (+0.9%) from 2020

Net Income

Down

$26,947

Down $807,095 (-97%) from 2020

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

2021

Assets$3,040,383
Liabilities$175,652
Net Assets$2,864,731

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

2021

Revenue$2,369,020
Expenses$2,342,073
Net Income$26,947
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 16, 2022
Return Version
2021v4.1
Gross Receipts
$2,373,503
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$750,902$1,078,285▲ $327,383
Cash and Non-Interest-Bearing Accounts$1,287,143$1,048,952▼ $238,191
Accounts Receivable$907,542$899,166▼ $8,376
Prepaid Expenses and Deferred Charges$11,552$13,497▲ $1,945
Other Notes and Loans Receivable, Net$1,997$0▼ $1,997
Land, Buildings, and Equipment, Net$622$483▼ $139
Total Assets$2,959,758$3,040,383▲ $80,625
Liabilities
Accounts Payable and Accrued Expenses$139,541$175,652▲ $36,111
Total Liabilities$139,541$175,652▲ $36,111
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,820,217$2,864,731▲ $44,514
Total Net Assets Fund Balance$2,820,217$2,864,731▲ $44,514
Total Liabilities and Net Assets / Fund Balance$2,959,758$3,040,383▲ $80,625

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$23,807$23,807
Equipment$483$2,167$2,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammie VencillSecretaryFT$93,868$2,598$96,466
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 England Resigned 719Board Member
Mary Ann StrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,764
Program Service Revenue
$2,254,378
Investment Income
$2,016
Other Revenue
$862
All Other Contributions
$8,477
Change in Net Assets
$26,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,541,016
Other Expenses$801,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,187,023$4,708-$1,191,731
Office Expenses$345,827$8,154-$353,981
Current Officers, Directors, Trustees, and Key Employees$127,018--$127,018
Travel$120,438$3,406-$123,844
Other Employee Benefits$102,812--$102,812
Payroll Taxes$92,507$318-$92,825
Fees for Services Accounting-$92,018-$92,018
Insurance$57,221--$57,221
Occupancy$35,352--$35,352
Pension Plan Contributions$26,630--$26,630
Information Technology$350$21,747-$22,097
Advertising$11,199--$11,199
Conferences and Meetings$10,014--$10,014
Other Expenses$7,225$8,070-$7,225
All Other Expenses-$1,988-$1,988
Depreciation Depletion$140--$140
Fees for Services Legal$100--$100
Total Functional Expenses$2,201,664$140,409$0$2,342,073
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$5,345
Gaming Direct Expenses$4,483
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
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 & Palliative Care

Signing Officer

Name
Marc Brooks
Title
President
Phone
2763459332
Signed
2022-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Brooks
Formed
2004
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
7
Employees
42
Volunteers
15

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/PYOtherExpensesAmt0811639
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02665407
IRS990/PYRevenuesLessExpensesAmt0834042
IRS990/PYSalariesCompEmpBnftPaidAmt01508827
IRS990/PYTotalExpensesAmt02320466
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03154508
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt026947
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02255240
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0750902
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01078285
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt015000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt035000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME IS COMPRISED OF FUND RAISING REVENUE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PAGE 3, SCHEDULE A, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0473178
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt035116
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015610
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt020442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0656108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015925
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt029380
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015737
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09188
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt072246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02254378
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02665407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02528348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02528848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02226509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012203490
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt029380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt015737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt072246
IRS990ScheduleA/InvestmentIncomeCYPct00.00550
IRS990ScheduleA/InvestmentIncomePYPct00.00650
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05345
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt034099
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt025669
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt021037
IRS990ScheduleA/OtherIncome509Grp/TotalAmt086150
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98510
IRS990ScheduleA/PublicSupportPY509Pct00.98290
IRS990ScheduleA/PublicSupportTotal509Amt012824598
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt015000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt035000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02366140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03138585
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02563464
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02544458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02246951
IRS990ScheduleA/Total509Grp/TotalAmt012859598
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02373501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03154510
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02626943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02585864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02277176
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt013017994
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0483
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02167
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02650
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023807
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023807
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0483
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 BOARD PRESIDENT.
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 11B
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02959758
IRS990/TotalAssetsEOYAmt03040383
IRS990/TotalAssetsGrp/BOYAmt02959758
IRS990/TotalAssetsGrp/EOYAmt03040383
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0111764
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140409
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02201664
IRS990/TotalFunctionalExpensesGrp/TotalAmt02342073
IRS990/TotalGrossUBIAmt00

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