Agrace HospiceCare Foundation Inc

EIN: 300001703 501(c)(3) Health Care

Fitchburg, WI

Total Revenue
$16,800,489
Total Expenses
$4,820,112
Total Assets
$95,928,631
Net Assets
$92,436,192
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
WI
Phone
6082764660
Tax Period
2023-01-01 to 2023-12-31

Agrace HospiceCare Foundation Inc, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $16.8M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.0M, a strong 71% operating margin.

Mission

The Agrace HospiceCare Foundation, Inc.'s mission is to develop, steward and distribute charitable gifts from the community to improve quality of life for patients and families throughout serious illness. (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $2,562,436

RESPITE CARE: PROVIDING END-OF-LIFE CARE FOR A FAMILY MEMBER OR FRIEND CAN LEAVE CAREGIVERS FATIGUED AND STRESSED. TO GIVE THEM A BREAK OF UP TO FIVE DAYS, AGRACE OFFERS RESPITE CARE FOR HOSPICE...

Read more

RESPITE CARE: PROVIDING END-OF-LIFE CARE FOR A FAMILY MEMBER OR FRIEND CAN LEAVE CAREGIVERS FATIGUED AND STRESSED. TO GIVE THEM A BREAK OF UP TO FIVE DAYS, AGRACE OFFERS RESPITE CARE FOR HOSPICE PATIENTS. COMMUNITY GIFTS SUPPLEMENT INSURANCE REIMBURSEMENTS, WHICH COVER APPROXIMATELY 55 PERCENT OF THE TOTAL COST OF RESPITE CARE. WISH PROGRAM: THE WISH PROGRAM HELPS OUR HOSPICE PATIENTS ACHIEVE THEIR END-OF-LIFE GOALS. A WISH CAN BE SOMETHING A PATIENT COULD NOT ATTAIN DURING Their LIFE, SOMETHING they CANNOT AFFORD OR SIMPLY A FINAL DESIRE. AGRACE HAS GRANTED MORE THAN 210 PATIENT WISHES SINCE 2010. CLINICAL EDUCATION & TRAINING: IT TAKES A SPECIAL COMMITMENT TO WORK WITH PATIENTS WHO ARE SERIOUSLY ILL OR DYING. COMMUNITY DONATIONS ALLOW AGRACE TO FUND STAFF EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT PROGRAMS, WHICH INCREASE STAFF COMPETENCE AND RETENTION. Community donations also provide SUPPORT FOR EDUCATION AND SCHOLARSHIPS FOR OUR CNAs. THESE AWARDS ENABLE EMPLOYEES TO ADVANCE IN THEIR CURRENT ROLE OR COMPLETE EDUCATION TO BECOME AN LPN OR RN. VOLUNTEER TRAINING & APPRECIATION: AGRACE'S VOLUNTEERS SERVE IN A VARIETY OF ROLES, INCLUDING DIRECT SERVICE TO PATIENTS AND FAMILIES. PALLIATIVE MEDICINE FELLOWSHIP: AGRACE IS COMMITTED TO DEVELOPING TOP-NOTCH PALLIATIVE CARE PROVIDERS IN OUR COMMUNITY. COMMUNITY GIFTS SUPPORT THE HOSPICE AND PALLIATIVE MEDICINE FELLOWSHIP, A PARTNERSHIP WITH THE UW AND VETERANS HOSPITALS; THIS PROGRAM OFFERS PALLIATIVE-CARE ROTATIONS AND CONTINUING EDUCATION OPPORTUNITIES FOR PHYSICIANS IN TRAINING. PATIENT ASSISTANCE FUND: GRANTS USED TO ASSIST PATIENTS AND FAMILIES BY IMPROVING QUALITY OF LIFE AND FULFILLING END-OF-LIFE GOALS. EXAMPLES INCLUDE BUYING A BURIAL DRESS OR PROVIDING A BIRTHDAY CAKE. DIVERSITY: FUNDS ARE USED TO SUPPORT AGRACE'S DIVERSITY, EQUITY AND INCLUSION PROGRAM. THE WORK OF THIS PROGRAM HELPS AGRACE TO GROW A MORE DIVERSE AND INCLUSIVE PATIENT POPULATION, VOLUNTEER SUPPORT TEAM AND EMPLOYEE BASE, REFLECTING THE COMMUNITIES WE SERVE. Start-up costs: support for Agrace to start-up new programs to serve the community. In 2023 Agrace Hospicecare Foundation provided support for Agrace to start-up the Agrace Adult Day Center.

Program 2
Expenses: $555,942 Revenue: $0

CARE FOR ALL (CHARITY CARE): EACH YEAR, DOZENS OF OUR NEIGHBORS WHO CANNOT AFFORD HOSPICE, PALLIATIVE CARE, Age at Home or the Adult DAy Center RECEIVE SERVICES AT NO COST THROUGH AGRACE'S "CARE FOR...

Read more

CARE FOR ALL (CHARITY CARE): EACH YEAR, DOZENS OF OUR NEIGHBORS WHO CANNOT AFFORD HOSPICE, PALLIATIVE CARE, Age at Home or the Adult DAy Center RECEIVE SERVICES AT NO COST THROUGH AGRACE'S "CARE FOR ALL" PROGRAM, funded by the Care for All endowment. Through the Care for All Program, WE SERVE SOME OF OUR MOST VULNERABLE COMMUNITY MEMBERS-CHILDREN AND YOUNG ADULTS WITH NO INSURANCE, SENIORS WITHOUT CAREGIVERS, INDIVIDUALS LACKING SAFE HOUSING, AND THOSE WITH SPECIAL NEEDS. While Medicare, Medicaid, and private health insurance cover the cost of basic hospice services for most patients, an increasing number of people in southern Wisconsin do not have enough insurance coverage for hospice when they need it. Since 2015, Agrace's Care for All program has funded care for over 500 patients, 84 of them were served in 2023 alone.

Program 3
Expenses: $212,826 Revenue: $0

COMMUNITY GRIEF SERVICES: EVERY YEAR, THOUSANDS OF PEOPLE, INCLUDING CHILDREN GET SUPPORT FROM AGRACE'S SPIRITUAL & GRIEF SERVICES TO HELP THEM COPE WITH THE DEATH OF A LOVED ONE. ALTHOUGH GRIEF...

Read more

COMMUNITY GRIEF SERVICES: EVERY YEAR, THOUSANDS OF PEOPLE, INCLUDING CHILDREN GET SUPPORT FROM AGRACE'S SPIRITUAL & GRIEF SERVICES TO HELP THEM COPE WITH THE DEATH OF A LOVED ONE. ALTHOUGH GRIEF SUPPORT IS REQUIRED BY STATE AND FEDERAL REGULATIONS, IT IS NOT COVERED BY MEDICARE, MEDICAID, OR PRIVATE INSURANCE. COMMUNITY DONATIONS ENABLE US TO OFFER SPECIALIZED GRIEF SUPPORT THAT IS OPEN TO EVERYONE. THE FOUNDATION ALSO SUPPORTS Agrace's free-standing GRIEF SUPPORT CENTER THAT HAS ALLOWED US TO EXPAND OUR PROGRAM AND SERVE MANY MORE PEOPLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,661,289
Program Service Revenue $0
Investment Income $6,726,476
Other Revenue $412,724
TOTAL REVENUE $16,800,489

Expense Breakdown

Grants Paid $3,331,204
Salaries & Benefits $1,134,037
Fundraising Expenses $512,279
Program Expenses $3,331,204
Other Expenses $354,871
TOTAL EXPENSES $4,820,112

Year-over-Year Comparison

2023 2022 Change
Revenue $16,800,489 $9,558,640 +0.8%
Expenses $4,820,112 $7,006,210 -0.3%
Net Income $11,980,377 $2,552,430 +3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
16
Employees
32
Volunteers
282

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,258,451
Total Directors
20
$836,378
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A Treasurer - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A Chair - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A President / CEO 5.0
Officer Director
$0 $54,538 $836,378
N/A Chair - Beginning 4/2023; Vice Chair - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A Secretary & Treasurer - Beginning 4/2023 1.0
Officer Director
$0 $0 $0
N/A Vice Chair - Beginning 4/2023 1.0
Officer Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director - Beginning 4/2023 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director - Beginning 4/2023 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Executive VP and Chief Financial Officer 5.0
Officer
$0 $40,671 $422,073
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $16,800,489 $4,820,112 $95,928,631 $11,980,377
2022 $9,558,640 $7,006,210 $79,806,015 $2,552,430
2021 $22,547,933 $4,919,228 $87,425,095 $17,628,705
2020 $11,612,680 $4,366,549 $67,778,782 $7,246,131
2019 $11,675,563 $5,539,341 $55,562,966 $6,136,222
2018 $13,538,172 $5,037,655 $43,391,744 $8,500,517
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Agrace HospiceCare Foundation Inc with other nonprofits in Wisconsin and across the country.