Meridian Hospice
- Assets
- $45.9m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 192
- Location
- Oak Brook, IL
- Founding
- 04/1982
- Data as of
- 12/2022
- EIN
- 36-3158667
Organization Overview
Meridian Hospice is located in Oak Brook, IL. The organization was established in 1982. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2022, Meridian Hospice employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian Hospice 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 12/2022, Meridian Hospice generated $31.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $32.1m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE, COST EFFECTIVE CARE TO IMPROVE THE QUALITY OF LIFE FOR TERMINALLY ILL PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATE HOSPICE PROVIDES: -- END OF LIFE CARE FOUNDATIONS PAY FOR CERTAIN THERAPIES -- FREE CARE AND SUBSIDIZED CARE -- CARE TO PERSONS COVERED BY GOVERNMENT PROGRAMS AT BELOW COST -- UNREIMBURSED SERVICES SUCH AS GRIEF COUNSELING; MUSIC, PET AND MASSAGE THERAPY AND CHAPLAINS -- FINANCIAL AND OTHER ASSISTANCE TO PATIENTSMERIDIAN HOSPICE MADE 137,232 HOME CARE VISITS DURING 2022.THESE DAYS OF CARE CONSISTED OF 131,232 DAYS OF ROUTINE IN-HOME CARE, 6,080 DAYS OF INPATIENT CARE AT HOSPITALS AND NURSING HOMES, AND 0 DAYS OF CONTINUOUS CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise M Keefe Chairperson/president, Director | OfficerTrustee | 1 | $0 |
Donald Calcagno Director | Trustee | 1 | $0 |
Scott Powder Director | Trustee | 1 | $0 |
William P Santulli Director | Trustee | 1 | $0 |
Mary Beth Kingston Director | Trustee | 1 | $0 |
Dennis Potts Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snapmedtech Inc Medical Services | 12/30/22 | $918,019 |
Nursenow Llc Medical Services | 12/30/22 | $413,525 |
Tryba Physical Therapy Group Healthcare Services | 12/30/22 | $342,187 |
Chicago Ridge Skilled Nursing Facility L Medical Services | 12/30/22 | $260,262 |
Hcr Manorcare Inc Healthcare Services | 12/30/22 | $183,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $27,011 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,011 |
| Total Program Service Revenue | $31,264,828 |
| Investment income | $2,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,293,881 |
| 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. | $249,119 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,431,026 |
| Pension plan accruals and contributions | $270,452 |
| Other employee benefits | $1,667,858 |
| Payroll taxes | $830,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,905 |
| Fees for services: Lobbying | $123 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,604,933 |
| Advertising and promotion | $248 |
| Office expenses | $142,122 |
| Information technology | $21,684 |
| Royalties | $0 |
| Occupancy | $262,060 |
| Travel | $510,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,104 |
| Interest | $1,899,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,602 |
| Insurance | $553,930 |
| All other expenses | -$2,843 |
| Total functional expenses | $32,094,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,437,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,098,902 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,211 |
| Investments—publicly traded securities | $33,655,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $736,404 |
| Total assets | $45,937,450 |
| Accounts payable and accrued expenses | $8,946,505 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,161 |
| Total liabilities | $8,973,666 |
| Net assets without donor restrictions | $36,963,784 |
| Net assets with donor restrictions | $0 |
| 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 | $45,937,450 |