Hospice Of The Valley Inc
- Assets
- $1.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 87
- Location
- Glenwood Springs, CO
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-3651313
Organization Overview
Hospice Of The Valley Inc, operating under the name Homecare And Hospice Of The Valley, is located in Glenwood Springs, CO. The organization was established in 2009. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Homecare And Hospice Of The Valley employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homecare And Hospice Of The Valley is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Homecare And Hospice Of The Valley generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREVENT AND RELIEVE SUFFERING AND PROMOTE QUALITY OF LIFE AT ANY STAGE OF LIFE, THROUGH PATIENT AND FAMILY CARE, ADVOCACY, AND COMMUNITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME CARE, HOSPICE AND BEREAVEMENT CARE, AND PRIVATE DUTY CARE PROVIDED TO RESIDENTS OF WESTERN CENTRAL COLORADO. APPROXIMATELY 11,976 HOSPICE DAYS, 8,964 HOME HEALTH VISITS, AND 8,549 PRIVATE DUTY HOURS WERE PROVIDED IN 2021. AS THE LARGEST HOME CARE AND HOSPICE PROVIDER IN CENTRAL WESTERN COLORADO, WE PROVIDE HOME AND HOSPICE CARE TO PATIENTS IN OVER 6,000 SQUARE MILES. THOUGH THE LARGEST PERCENTAGE OF OUR PATIENTS ARE MEDICARE, WE ALSO SERVE MEDICAID/VA PATIENTS AND PRIVATE PAY PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Allais Executive Director | Officer | 40 | $180,975 |
Sean Stalter CFO | Officer | 40 | $81,250 |
Julia Nelson Cfo-Thru 05/2021 | Officer | 40 | $52,202 |
Colleen Weiss-Hanen Treasurer | OfficerTrustee | 10 | $0 |
Laura Kornasiewicz Secretary | OfficerTrustee | 10 | $0 |
Michael Brown Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,916 |
| Related organizations | $0 |
| Government grants | $380,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,900 |
| Total Program Service Revenue | $4,062,755 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,102 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,692,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,302 |
| Compensation of current officers, directors, key employees. | $165,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,022,067 |
| Pension plan accruals and contributions | $11,070 |
| Other employee benefits | $261,367 |
| Payroll taxes | $254,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,425 |
| Fees for services: Accounting | $33,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $352,352 |
| Advertising and promotion | $9,510 |
| Office expenses | $137,724 |
| Information technology | $118,628 |
| Royalties | $0 |
| Occupancy | $67,598 |
| Travel | $225,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,980 |
| Insurance | $40,171 |
| All other expenses | $0 |
| Total functional expenses | $5,235,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,304 |
| Savings and temporary cash investments | $232,409 |
| Pledges and grants receivable | $173,004 |
| Accounts receivable, net | $698,503 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,640 |
| Net Land, buildings, and equipment | $6,561 |
| Investments—publicly traded securities | $4,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,418 |
| Total assets | $1,387,714 |
| Accounts payable and accrued expenses | $535,973 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $735,973 |
| Net assets without donor restrictions | $323,615 |
| Net assets with donor restrictions | $328,126 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,387,714 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hospice Of The Valley Inc has recieved totaling $62,670.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $23,620 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,300 |
Western Colorado Community Foundation Inc Grand Junction, CO PURPOSE: HEALTH AND WELLNESS | $10,000 |
Vail Valley Cares Inc Edwards, CO PURPOSE: Hospice care | $10,000 |
Aspen Community Foundation Basalt, CO PURPOSE: GENERAL SUPPORT | $7,250 |
Moses Family Foundation Inc Snowmass Village, CO PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $118,344 |
| Earnings | $440 |
| Other Expense | $440 |
| Ending Balance | $118,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathways Hospice Denver, CO | $25,746,800 | $20,933,159 |
Islands Hospice Inc Tulsa, OK | $0 | $18,704,481 |
Harry Hynes Memorial Hospice Inc Wichita, KS | $18,123,578 | $18,414,885 |
Pikes Peak Hospice And Palliative Care Inc Denver, CO | $11,445,812 | $14,838,483 |
Mesilla Valley Hospice Inc Las Cruces, NM | $23,145,054 | $10,360,548 |
Hospice Of Havasu Inc Lake Havasu City, AZ | $15,881,309 | $8,122,758 |
Mount Evans Hospice Inc Evergreen, CO | $7,027,978 | $8,830,994 |
Cross Timbers Hospice Inc Ardmore, OK | $47,773,267 | $9,000,556 |
Hospice Of Reno County Inc Hutchinson, KS | $5,491,995 | $6,865,679 |
Seasons Hospice Inc Tulsa, OK | $802,623 | $6,190,520 |
Seasons Hospice Inc Tulsa, OK | $834,584 | $5,407,792 |
Hospice Of The Valley Inc Glenwood Springs, CO | $1,387,714 | $4,692,043 |