HOSPICE CARE CORPORATION D/B/A WES… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

MALENE DAVIS

Phone

3048640884

Tax Period

2024-01-01 to 2024-12-31

HOSPICE CARE CORPORATION D/B/A WEST VIRGINIA CARING, founded in 1983, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.6M left a modest 5% surplus.

Mission

TO IMPROVE CARE FOR THOSE FACING LIFE-LIMITING ILLNESS THROUGH DIRECT SUPPORT OF PATIENTS AND THEIR FAMILIES, PUBLIC EDUCATION AND PUBLIC ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $7,791,886 Revenue: $9,779,212

PROVIDES NURSING, MEDICAL, SOCIAL WORK, HOME HEALTH AIDE, AND SPIRITUAL COUNSELING SERVICES IN THE PATIENTS HOME AS WELL AS BEREAVEMENT COUNSELING. RESPITE CARE AND HOSPICE GENERAL INPATIENT CARE...

PROVIDES NURSING, MEDICAL, SOCIAL WORK, HOME HEALTH AIDE, AND SPIRITUAL COUNSELING SERVICES IN THE PATIENTS HOME AS WELL AS BEREAVEMENT COUNSELING. RESPITE CARE AND HOSPICE GENERAL INPATIENT CARE SERVICES ARE ALSO PROVIDED IN BOTH CONTRACTED FACILITIES AS WELL AS AT WEST VIRGINIA CARING'S OWN 12 BED HOSPICE CENTER LOCATED IN ELKINS, WV.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $748,064

Program Service Revenue $9,779,212

Investment Income $309,639

Other Revenue $350,314

TOTAL REVENUE $11,187,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,501,787

Fundraising Expenses $482,196

Program Expenses $7,791,886

Other Expenses $3,094,554

TOTAL EXPENSES $10,596,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,187,229	$9,961,607	+0.1%
Expenses	$10,596,341	$10,267,794	+0.0%
Net Income	$590,888	$-306,187	-2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

130

Volunteers

143

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

$573,217

Total Directors

$409,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALENE DAVIS	PRESIDENT/CEO	40.00	Officer Director	$323,702	$85,515	$409,217
KIM LAREW	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SARAH BRANHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
DENISE MEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA MIRANOV	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS M STEVENS	MEDICAL DIRECTOR	40.00	Officer	$153,447	$10,553	$164,000
KIMBERLY HARRIS	CLINICAL SUPERVISOR	40.00	Highest	$145,054	$23,441	$168,495
TABITHA CLARK	DIRECTOR OF CLINICAL OPERA	40.00	Highest	$125,308	$5,589	$130,897

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	$11,187,229	$10,596,341	$16,739,348	$590,888
2023	$9,961,607	$10,267,794	$13,850,237	$-306,187
2022	$9,976,888	$9,183,237	$13,471,708	$793,651
2021	$9,630,201	$8,879,312	$14,468,620	$750,889
2020	$11,743,565	$9,072,202	$14,729,249	$2,671,363
2019	$9,573,127	$8,294,249	$9,741,628	$1,278,878
2018	$11,539,115	$12,076,308	$10,542,625	$-537,193

HOSPICE CARE CORPORATION D/B/A WEST VIRGINIA CARING