Cedar Valley Hospice Inc
- Assets
- $18.3m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 142
- Location
- Waterloo, IA
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 42-1135294
Organization Overview
Cedar Valley Hospice Inc is located in Waterloo, IA. The organization was established in 1980. 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, Cedar Valley Hospice Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Valley Hospice Inc 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, Cedar Valley Hospice Inc generated $16.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $13.4m during the year ending 12/2022. While expenses have increased by 2.2% 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
PROVIDE HOSPICE AND COUNSELING SERVICES TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR VALLEY HOSPICE IS DEDICATED TO PROVIDING HOSPICE SERVICES TO THOSE WITH A SIX MONTH PROGNOSIS OR LESS, SERVING 886 PATIENTS DURING 2022. THE AVERAGE DAILY CENSUS WAS 154.9 WHICH ALLOWED US TO PROVIDE 56,523 DAYS OF PATIENT CARE. THE AVERAGE LENGTH OF STAY FOR OUR HOSPICE PATIENTS WAS 73.2 DAYS. CEDAR VALLEY HOSPICE PROVIDES GRIEF SUPPORT SERVICES TO ANYONE STRUGGLING WITH THE DEATH OF A LOVED ONE, DURING 2022, 4,042 GRIEF CLIENT CONTACTS WERE CONDUCTED THROUGH INDIVIDUAL VISITS, SUPPORT GROUPS, SMALL AND LARGE GROUP SETTINGS (I.E. EMPLOYERS/SCHOOL) AND MAILINGS. CEDAR VALLEY HOSPICE PROVIDES HOME CARE SERVICES TO THOSE WITH A LIFE THREATENING ILLNESS, IN 2022, 58 CLIENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Schildroth President | OfficerTrustee | 0.5 | $0 |
Rick Morris Vice President | OfficerTrustee | 0.5 | $0 |
Craig Coffman Treasurer | OfficerTrustee | 0.5 | $0 |
Deb Burger Secretary | OfficerTrustee | 0.5 | $0 |
Carolyn Ayers Director | Trustee | 0.5 | $0 |
Sarah Cherveny Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualis Management Llc Medical Equipment Management Services | 12/30/22 | $481,616 |
Palliative Drug Care Pharmacist Consults And Prescriptions | 12/30/22 | $333,796 |
Erc Specialists Professional Consulting | 12/30/22 | $256,846 |
The Suites At Western Home Communities Nursing Facility - Room And Board | 12/30/22 | $224,344 |
Shell Rock Health Care Center Inc Nursing Facility - Room And Board | 12/30/22 | $177,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,905 |
| Related organizations | $0 |
| Government grants | $3,567,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,024,386 |
| Noncash contributions included in lines 1a–1f | $81,512 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,629,444 |
| Total Program Service Revenue | $11,083,368 |
| Investment income | $171,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,992 |
| Net Income from Fundraising Events | $3,901 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,952,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $208,660 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,584 |
| Compensation of current officers, directors, key employees. | $429,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,950,922 |
| Pension plan accruals and contributions | $229,066 |
| Other employee benefits | $876,249 |
| Payroll taxes | $417,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,847 |
| Fees for services: Accounting | $26,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,007 |
| Fees for services: Other | $272,010 |
| Advertising and promotion | $81,211 |
| Office expenses | $274,564 |
| Information technology | $186,224 |
| Royalties | $0 |
| Occupancy | $162,360 |
| Travel | $248,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,046 |
| Interest | $28,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,307 |
| Insurance | $34,303 |
| All other expenses | $336,733 |
| Total functional expenses | $13,377,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150 |
| Savings and temporary cash investments | $3,223,164 |
| Pledges and grants receivable | $2,921,365 |
| Accounts receivable, net | $2,205,561 |
| 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 | $63,252 |
| Net Land, buildings, and equipment | $4,795,173 |
| Investments—publicly traded securities | $5,007,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,416 |
| Total assets | $18,277,492 |
| Accounts payable and accrued expenses | $1,417,807 |
| 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 | $588,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,238 |
| Total liabilities | $2,046,517 |
| Net assets without donor restrictions | $15,180,861 |
| Net assets with donor restrictions | $1,050,114 |
| 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 | $18,277,492 |