Civic Intelligence

Preferred Hospice Inc.

990 • Fiscal year 2024 • EIN 27-0086345

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 29, 2025

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

0.11x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$107,290

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

44th percentile

2.2%

Faster asset growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

32%

Faster revenue growth than 75% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,102,712

Down $937,671 (-31%) from 2021

Net Assets

Down

$1,872,885

Down $991,846 (-35%) from 2021

Liabilities

Up

$229,827

Up $54,175 (+31%) from 2021

Revenue

Up

$2,764,829

Up $395,809 (+17%) from 2021

Expenses

Up

$2,763,510

Up $421,437 (+18%) from 2021

Net Income

Down

$1,319

Down $25,628 (-95%) from 2021

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

2024

Assets$2,102,712
Liabilities$229,827
Net Assets$1,872,885

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

2024

Revenue$2,764,829
Expenses$2,763,510
Net Income$1,319
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$2,774,113
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$1,669,612$1,548,903▼ $120,709
Accounts Receivable$377,302$442,740▲ $65,438
Cash and Non-Interest-Bearing Accounts$100$100,228▲ $100,128
Prepaid Expenses and Deferred Charges$10,881$10,758▼ $123
Land, Buildings, and Equipment, Net$206$83▼ $123
Total Assets$2,058,101$2,102,712▲ $44,611
Liabilities
Accounts Payable and Accrued Expenses$186,535$229,827▲ $43,292
Total Liabilities$186,535$229,827▲ $43,292
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,871,566$1,872,885▲ $1,319
Total Net Assets Fund Balance$1,871,566$1,872,885▲ $1,319
Total Liabilities and Net Assets / Fund Balance$2,058,101$2,102,712▲ $44,611

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$23,807$23,807
Equipment$83$2,567$2,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammie VencillSecretaryFT$104,259$3,031$107,290
Dr Kevin S CombsBoard Member/medical Direc-$26,625-$26,625
Dr Toeya PirizAssociate Medical Director-$8,200-$8,200

Board Members and Trustees

NameTitle
Marc BrooksPresident
Peter MulkeyVice President
Karen WebbBoard Member
Richard SmithBoard Member
Scott ButcherBoard Member
Mary Ann StrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,052
Program Service Revenue
$2,672,113
Investment Income
$69,446
Other Revenue
$18,218
All Other Contributions
$5,052
Change in Net Assets
$1,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,945,003
Other Expenses$818,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,441,477$90,772-$1,532,249
Travel$170,012$5,765-$175,777
Other Employee Benefits$148,631--$148,631
Current Officers, Directors, Trustees, and Key Employees$139,084--$139,084
Payroll Taxes$118,064$6,975-$125,039
Office Expenses$11,640$46,608-$58,248
Insurance$44,587--$44,587
Information Technology-$39,839-$39,839
Fees for Services Accounting-$39,633-$39,633
Occupancy$34,993--$34,993
Advertising$20,179--$20,179
Other Expenses$4,595$8,102-$4,595
All Other Expenses$2,803$1,255-$4,058
Fees for Services Other-$720-$720
Depreciation Depletion$123--$123
Total Functional Expenses$2,523,841$239,669$0$2,763,510
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$27,502
Gaming Direct Expenses$9,284
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
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Brooks
Formed
2004
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
6
Employees
44
Volunteers
17

Preparer

Firm
Brown Edwards & Company Llp
Address
636 SHELBY STREET 4TH FLOOR, BRISTOL, TN 37620
Preparer
C Stanley Bowles Ii
Phone
4237975564
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01548903
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME IS COMPRISED OF FUND RAISING REVENUE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PAGE 3, SCHEDULE A, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05052
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt077638
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0111762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0473178
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0672738
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt069446
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07958
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04942
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt015925
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0100287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02721987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02510730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01865670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02254378
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02665407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012018172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt069446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07958
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04942
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0100287
IRS990ScheduleA/InvestmentIncomeCYPct00.00780
IRS990ScheduleA/InvestmentIncomePYPct00.00480
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt027502
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt019938
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05345
IRS990ScheduleA/OtherIncome509Grp/TotalAmt052785
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98810
IRS990ScheduleA/PublicSupportPY509Pct00.98940
IRS990ScheduleA/PublicSupportTotal509Amt012690910
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02727039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02515838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01943308
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02366140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03138585
IRS990ScheduleA/Total509Grp/TotalAmt012690910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02823987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02543734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01948250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02373501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03154510
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012843982
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt083
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02567
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02650
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023807
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023807
IRS990ScheduleD/TotalBookValueLandBuildingsAmt083
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/GamingInformationGrp/CashPrizesBingoAmt05000
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt05000
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt09284
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt027502
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt027502
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt018218
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesBingoAmt01151
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt01151
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt02608
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt02608
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsBingoAmt0525
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt0525
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoPct01.00000
IRS990ScheduleG/GamingManagerIsEmployeeInd0X
IRS990ScheduleG/GamingManagerPersonNm0GENESIS OLIVER
IRS990ScheduleG/GamingManagerServicesProvTxt0PLAN, SCHEDULE, REQUEST SPONSORS, PURCHASE PRIZES, COORDINATE DATE/TIME, PURCHASE SUPPLIES
IRS990ScheduleG/GamingWithNonmembersInd00
IRS990ScheduleG/IndividualWithBooksNm0ALESIA HESS
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt01963 2ND STREET
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0RICHLANDS
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0VA
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd024641
IRS990ScheduleG/StatesWhereGamingConductedCd0VA
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/TotalAssetsBOYAmt02058101

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