ASERACARE HOSPICE FOUNDATION

EIN: 311476580 501(c)(3)

FORT SMITH, AR

Total Revenue
$1,197
Total Expenses
$577,444
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
AR
Principal Officer
RICHARD HOLLAND
Phone
4794945762
Tax Period
2020-01-01 to 2020-12-31

ASERACARE HOSPICE FOUNDATION, founded in 1996, is a small nonprofit that reported $112K in total revenue in fiscal year 2018. Expenses of $142K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO HELP NEEDY INDIVIDUALS OBTAIN HOSPICE CARE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $47,969
Program Service Revenue $0
Investment Income $-46,772
Other Revenue $0
TOTAL REVENUE $1,197

Expense Breakdown

Grants Paid $547,979
Salaries & Benefits $9,166
Fundraising Expenses $0
Program Expenses $577,444
Other Expenses $20,299
TOTAL EXPENSES $577,444

Year-over-Year Comparison

2020 2019 Change
Revenue $1,197 $118,838 -1.0%
Expenses $577,444 $143,499 +3.0%
Net Income $-576,247 $-24,661 +22.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
7
$9,166
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD HOLLAND PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDA COLE EXECUTIVE DIRECTOR 10.00
Director
$9,166 $0 $9,166
TRISH LIGHTNER TREASURER 1.00
Officer Director
$0 $0 $0
CHERI EDWARDS VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
RANDY JAY BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBIE MORRIS FINANCIAL DIRECTOR 1.00
Officer Director
$0 $0 $0
CHARLES PENNINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
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
2020 $1,197 $577,444 No data $-576,247
2019 $118,838 $143,499 $576,247 $-24,661
2018 $111,582 $141,637 $600,908 $-30,055
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