Hospice Of Midland Incorporated
- Assets
- $5.6m
- Revenue
- $8.6m
- Investments
- $3.5k
- Employees
- 92
- Location
- Midland, TX
- Founding
- 05/1981
- Data as of
- 04/2022
- EIN
- 75-1736007
Organization Overview
Hospice Of Midland Incorporated is located in Midland, TX. The organization was established in 1981. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 04/2022, Hospice Of Midland Incorporated employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of Midland Incorporated 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 04/2022, Hospice Of Midland Incorporated generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.0m during the year ending 04/2022. While expenses have increased by 9.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOSPICE PROVIDES CARE FROM THE HEART TO FULFILL THE UNIQUE NEEDS OF PATIENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE OF MIDLAND - PATIENT AND FAMILY CARE FOR TERMINALLY ILL. HOSPICE SERVED 1,574 PATIENTS DURING THE YEAR.
RAYS OF HOPE - A GRIEF CENTER FOR CHILDREN THAT ENABLES THEM TO FULLY EMBRACE THEIR EXPERIENCE. RAYS OF HOPE SERVED 409 KIDS DURING THE YEAR.
ODESSA LOCATION - PATIENT AND FAMILY CARE FOR TERMINALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Goodman CEO | Officer | 40 | $175,292 |
Jacque Burklow COO | 40 | $138,936 | |
Kendra Alexander Nurse Practi | 40 | $106,822 | |
Glenda Moore Finance Dire | Officer | 40 | $80,482 |
Stuart Smith President | OfficerTrustee | 0.18 | $0 |
Maurice Lopez Second VP | OfficerTrustee | 0.18 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iron Spirits Construction | 4/29/21 | $276,940 |
Brent Bates Builders Construction | 4/29/21 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $516,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,678,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,220,547 |
| Total Program Service Revenue | $5,358,338 |
| Investment income | $354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,646,353 |
| 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. | $255,774 |
| Compensation of current officers, directors, key employees. | $220,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,969,437 |
| Pension plan accruals and contributions | $55,438 |
| Other employee benefits | $297,962 |
| Payroll taxes | $232,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,190 |
| Advertising and promotion | $71,196 |
| Office expenses | $49,741 |
| Information technology | $156,207 |
| Royalties | $0 |
| Occupancy | $149,583 |
| Travel | $116,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,513 |
| Insurance | $71,871 |
| All other expenses | $355,036 |
| Total functional expenses | $7,985,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,472,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $956,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,954 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,448 |
| Net Land, buildings, and equipment | $117,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,450 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,635,523 |
| Accounts payable and accrued expenses | $573,024 |
| 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 | $0 |
| Total liabilities | $573,024 |
| Net assets without donor restrictions | $4,572,122 |
| Net assets with donor restrictions | $490,377 |
| 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 | $5,635,523 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Hospice Of Midland Incorporated has recieved totaling $908,745.
| Awarding Organization | Amount |
|---|---|
Hospice Of Midland Endowment Inc Midland, TX PURPOSE: INDIGENT CARE | $440,456 |
Fmh Foundation Midland, TX PURPOSE: RENOVATION & IMPROVEMENTS | $165,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Human Services | $103,693 |
Helen Greathouse Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $50,000 |
Hospice Of Midland Endowment Inc Midland, TX PURPOSE: MARKETING | $25,000 |
Ken W Davis Foundation Fort Worth, TX PURPOSE: GENERAL OPERATING FUND | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Hospice Houston, TX | $21,446,997 | $23,650,371 |
Hospice Of Wichita Falls Inc Wichita Falls, TX | $37,472,093 | $19,733,054 |
Islands Hospice Inc Tulsa, OK | $0 | $18,704,481 |
Hope Hospice New Braunfels, TX | $12,855,625 | $16,030,204 |
Hospice Foundation Of Greater Baton Rouge Baton Rouge, LA | $20,299,831 | $14,655,611 |
Hospice Brazos Valley Inc Bryan, TX | $6,137,232 | $11,890,863 |
Hospice Of Acadiana Inc Lafayette, LA | $8,863,327 | $13,405,339 |
Hospice Of El Paso Inc El Paso, TX | $7,411,983 | $8,431,455 |
Hendrick Hospice Care Inc Abilene, TX | $17,668,988 | $10,226,617 |
Hospice Of South Texas Inc Victoria, TX | $14,022,003 | $9,818,837 |
Hospice Of Midland Incorporated Midland, TX | $5,635,523 | $8,646,353 |
Mesilla Valley Hospice Inc Las Cruces, NM | $23,145,054 | $10,360,548 |