Life Pace Inc
- Assets
- $6.2m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Tulsa, OK
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-2872315
Organization Overview
Life Pace Inc is located in Tulsa, OK. The organization was established in 2013. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Life Pace Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Pace 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 12/2021, Life Pace Inc generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $17.9m during the year ending 12/2021. While expenses have increased by 31.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MEDICAL/SOCIAL-BASED MODEL OF CARE AND COMPREHENSIVE, INTEGRATED SUPPORT SERVICES FOR INDIVIDUALS 55 AND OVER WHO ARE ELIGIBLE FOR NURSING HOME CARE BUT WISH TO REMAIN AT HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACE (PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY) PROVIDES AN IDEAL ALTERNATIVE TO NURSING HOME PLACEMENT. PACE ALLOWS INDIVIDUALS IN NEED OF SKILLED NURSING CARE TO REMAIN IN THEIR HOMES OR COMMUNITY SETTING AND RECEIVE QUALITY CARE FROM A TEAM OF CLINICAL EXPERTS. WE PROVIDE CUSTOM- TAILORED SERVICES INCLUDING NUTRITION SUPPORT, IN-HOME PERSONAL CARE, THERAPY, PSYCHIATRIC SERVICES, AND TRANSPORTATION TO ENSURE THAT EACH PARTICIPANT IS HOLISTICALLY SUPPORTED ACCORDING TO THEIR NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Arney Medical Dire | 45 | $217,251 | |
Samantha Blue Senior Direc | 45 | $140,251 | |
Scott Shepherd President | OfficerTrustee | 3 | $0 |
Vanessa Neal Secretary | OfficerTrustee | 3 | $0 |
Lindsay Hurley Fick Treasurer | OfficerTrustee | 3 | $0 |
John Michael Fogle COO | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saint Francis Health System Medical | 12/30/21 | $1,395,957 |
Saint John Medical Center Medical | 12/30/21 | $589,068 |
Tabula Rasa Healthcare Pharmacy | 12/30/21 | $2,556,180 |
P&g Medical Transport Transportation | 12/30/21 | $399,898 |
Hillcrest Medical Center Medical | 12/30/21 | $460,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $18,570,492 |
| Investment income | $5,574 |
| 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 | $18,576,066 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,813,748 |
| Pension plan accruals and contributions | $67,876 |
| Other employee benefits | $256,860 |
| Payroll taxes | $307,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $517,362 |
| Advertising and promotion | $16,365 |
| Office expenses | $65,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,000 |
| Travel | $44,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,856 |
| Insurance | $485,738 |
| All other expenses | $0 |
| Total functional expenses | $17,924,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,224,687 |
| Savings and temporary cash investments | $501,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $131,509 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,312 |
| Net Land, buildings, and equipment | $1,154,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,248,678 |
| Accounts payable and accrued expenses | $2,308,452 |
| 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 | $552,160 |
| Total liabilities | $2,860,612 |
| Net assets without donor restrictions | $3,388,066 |
| 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 | $6,248,678 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Pace Inc has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Morningcrest Healthcare Foundation Tulsa, OK PURPOSE: OPERATING SUPPORT FOR PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY WHICH CURRENTLY HAS 45 ENROLLEES GROWING TO A 145 TOTAL ENROLLMENT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visiting Nurse Association Of Texas Dallas, TX | $28,294,705 | $34,288,991 |
St Vincents Blount St Louis, MO | $11,060,402 | $25,307,639 |
Life Pace Inc Tulsa, OK | $6,248,678 | $18,576,066 |
Colorado Visiting Nurse Association Denver, CO | $8,137,996 | $19,160,969 |
Nursing & Therapy Services Of Co Inc Colorado Springs, CO | $12,104,479 | $16,653,136 |
Presence Home Care St Louis, MO | $5,231,376 | $13,994,086 |
Healthcare Services Of The Ozarks Inc Springfield, MO | $0 | $15,495,706 |
Visiting Nurse Association Of Southeast Missouri Inc Kennett, MO | $7,905,194 | $11,894,723 |
Northwest Colorado Visiting Nurse Association Steamboat Springs, CO | $13,619,558 | $15,168,766 |
Washington Regional Medicorp Fayetteville, AR | $46 | $8,891,046 |
Special Kids - Special Families Inc Colorado Springs, CO | $3,295,295 | $8,051,036 |
Summitwest Care Grand Junction, CO | $4,454,530 | $7,205,627 |