Hospice Of Wake County Inc
- Assets
- $25.0m
- Revenue
- $50.8m
- Investments
- $0.0
- Employees
- 657
- Location
- Raleigh, NC
- Founding
- 05/1979
- Data as of
- 12/2021
- EIN
- 56-1228779
Organization Overview
Hospice Of Wake County Inc, operating under the name Transitions Lifecare, is located in Raleigh, NC. The organization was established in 1979. 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, Transitions Lifecare employed 657 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transitions Lifecare 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, Transitions Lifecare generated $50.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $54.4m during the year ending 12/2021. While expenses have increased by 8.2% 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 CARE FOR INDIVIDUALS AND FAMILIES WITH COMPASSION, SUPPORT, AND EXPERTISE AS THEY NAVIGATE THE END OF LIFE OR LIFE-CHANGING ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE PROVIDED AT HOME MEDICAL CARE FOR THE TERMINALLY ILL AS WELL AS PALLIATIVE CARE, GRIEF COUNSELING FOR HOSPICE FAMILIES AND THE COMMUNITY AND EDUCATIONAL PROGRAMS RELATING TO END OF LIFE CARE.
TRANSITIONS KIDS COMPASSIONATELY CARES FOR CHILDREN, FAMILIES, AND COMMUNITIES SIGNIFICANTLY IMPACTED BY ILLNESS OR LOSS ON THEIR SACRED JOURNEY OF LOVE, EXASPERATION, TRIUMPH; TO OFFER OUR GIFTS, SKILLS, AND INFORMED PERSPECTIVES THROUGH EDUCATION, ADVOCACY, AND ADVENTURE. SERVICES INCLUDE: HOME BASED INTERDISCIPLINARY CARE WITH ACCESS TO NURSING, SOCIAL WORK, SPIRITUAL CARE, AND PHYSICIANS 24/7: COORDINATION WITH COMMUNITY PROVIDERS TO ASSURE CONTINUITY ACROSS CARE LOCATIONS: AND SUPPORT FOR CHILD AS WELL AS SIBLINGS AND OTHER FAMILY MEMBERS AFFECTED BY CHILD'S ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Patel Chief Medical Officer | Officer | 40 | $302,756 |
Christine M Khandelwal Director Of Inpatient Pall | 40 | $238,342 | |
John Thoma Chief Executive Officer | OfficerTrustee | 40 | $221,164 |
Leslie E Sutton Associate Medical Director | 40 | $218,954 | |
Christopher Thompson Hospice And Pallative Medi | 40 | $214,255 | |
Joshua E Dowd Associate Medical Director | 40 | $202,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $79,866 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $125,000 |
| Government grants | $429,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,683,682 |
| Noncash contributions included in lines 1a–1f | $336,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,318,298 |
| Total Program Service Revenue | $46,280,010 |
| Investment income | $10,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,297 |
| Net Income from Fundraising Events | $217,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,848,556 |
| 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. | $969,690 |
| Compensation of current officers, directors, key employees. | $969,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,119,180 |
| Pension plan accruals and contributions | $906,832 |
| Other employee benefits | $4,998,557 |
| Payroll taxes | $2,190,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,922 |
| Fees for services: Accounting | $51,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,534 |
| Advertising and promotion | $304,066 |
| Office expenses | $1,443,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $959,832 |
| Travel | $994,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,104 |
| Insurance | $112,738 |
| All other expenses | $1,392,804 |
| Total functional expenses | $54,372,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,022,148 |
| Pledges and grants receivable | $1,160,953 |
| Accounts receivable, net | $5,567,184 |
| 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 | $83,141 |
| Net Land, buildings, and equipment | $13,418,973 |
| Investments—publicly traded securities | $413,230 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,298,426 |
| Total assets | $24,964,055 |
| Accounts payable and accrued expenses | $3,651,049 |
| 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 | $1,185,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $946,478 |
| Total liabilities | $5,783,154 |
| Net assets without donor restrictions | $18,164,754 |
| Net assets with donor restrictions | $1,016,147 |
| 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 | $24,964,055 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Hospice Of Wake County Inc has recieved totaling $939,039.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $473,409 |
Duke Endowment Charlotte, NC PURPOSE: TO ESTABLISH TELEHEALTH CAPACITY SUPPORTING PALLIATIVE CARE SERVICES IN RURAL NORTH CAROLINA. | $140,000 |
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $89,456 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $52,850 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $45,675 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $36,500 |
Endowment Analysis
| Beg. Balance | $5,122,432 |
| Earnings | $281,319 |
| Net Contributions | $467,760 |
| Other Expense | $865,502 |
| Ending Balance | $5,006,009 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Hospice Falls Church, VA | $46,704,036 | $109,557,504 |
Hospice & Palliative Care Charlotte Region Charlotte, NC | $75,544,529 | $73,699,631 |
Hospice Of Wake County Inc Raleigh, NC | $24,964,055 | $50,848,556 |
Lower Cape Fear Hospice Incorporated Wilmington, NC | $62,498,497 | $44,335,194 |
Hospice Of Chattanooga Inc Chattanooga, TN | $104,628,496 | $120,194,973 |
Authoracare Collective Greensboro, NC | $46,483,972 | $40,660,435 |
Alive Hospice Inc Nashville, TN | $38,867,559 | $36,593,502 |
Hospice Of Surry County Inc Mount Airy, NC | $15,624,175 | $33,390,602 |
Hospice Of Henderson County Inc Flat Rock, NC | $24,806,944 | $36,122,942 |
Hospice & Palliative Carecenter Winstonsalem, NC | $42,862,750 | $34,199,553 |
Carolina Caring Inc Newton, NC | $24,245,296 | $31,467,829 |
Hospice Of The Piedmont Inc High Point, NC | $40,332,450 | $25,303,748 |