Agrace HospiceCare Inc

EIN: 391319537 501(c)(3)

Fitchburg, WI

Total Revenue
$107,515,776
Total Expenses
$107,544,084
Total Assets
$139,445,650
Net Assets
$126,536,109
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WI
Phone
6082764660
Tax Period
2023-01-01 to 2023-12-31

Agrace HospiceCare Inc, founded in 1978, is a major nonprofit that reported $107.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

AGRACE'S MISSION IS Providing personalized care and support, where and when you need it, for life's changing health needs. AGRACE'S VISION IS BUILDING A FUTURE WHERE EVERY PERSON EXPERIENCES extraordinary care and guidance while aging or seriously ill. (CONTINUED IN SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $73,528,226 Revenue: $95,493,174

CLINICAL PATIENT CARE - AGRACE OFFERS THE MOST COMPREHENSIVE CARE AVAILABLE. PATIENTS AND FAMILIES SERVED BY AGRACE ARE PROVIDED THE EXPERT HELP OF A COMPASSIONATE TEAM OF END-OF-LIFE PROFESSIONALS...

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CLINICAL PATIENT CARE - AGRACE OFFERS THE MOST COMPREHENSIVE CARE AVAILABLE. PATIENTS AND FAMILIES SERVED BY AGRACE ARE PROVIDED THE EXPERT HELP OF A COMPASSIONATE TEAM OF END-OF-LIFE PROFESSIONALS INCLUDING: NURSES, CERTIFIED NURSING ASSISTANTS, SOCIAL WORKERS, SPIRITUAL & GRIEF COUNSELORS, VOLUNTEERS, PHYSICIANS AND PHARMACISTS. THE HOSPICE CARE TEAM ASSESSES THE UNIQUE NEEDS OF EACH PATIENT AND FAMILY. For hospice patients who have dementia or other memory care needs, the Agrace Hospice Memory Care Suites are a homelike, 12 room secure unit that is specially designed to be comforting and safe. The Suites are located in our Madison area campus in Fitchburg. In 2023, 57 patients were served in the Memory Care Suites. WORKING TOGETHER, AGRACE STAFF, TRAINED VOLUNTEERS, AND THE PATIENT'S PHYSICIAN DELIVER COMPREHENSIVE CARE FOCUSED ON HELPING THE PATIENT AND THEIR FAMILY LIVE LIFE TO THE FULLEST. Agrace also provides Supportive Care, a palliative care services for people who have a serious illness but are not receiving hospice care. IN 2023, THE ORGANIZATION PROVIDED APPROXIMATELY $6,634,000 OF COMMUNITY BENEFIT.

Program 2
Expenses: $7,648,331 Revenue: $919,209

AGRACE'S OTHER PROGRAMS INCLUDE THE VOLUNTEER SERVICES PROGRAM, THE FOOD SERVICE PROGRAM AND GRANTS TO SUPPORT RELATED ORGANIZATIONS. IN 2023, 749 SPECIALLY TRAINED VOLUNTEERS PROVIDED 63,750 HOURS...

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AGRACE'S OTHER PROGRAMS INCLUDE THE VOLUNTEER SERVICES PROGRAM, THE FOOD SERVICE PROGRAM AND GRANTS TO SUPPORT RELATED ORGANIZATIONS. IN 2023, 749 SPECIALLY TRAINED VOLUNTEERS PROVIDED 63,750 HOURS OF SERVICE. BECAUSE OF THIS SUPPORT, AGRACE IS ABLE TO DEFER SOME STAFFING COSTS AND CONTINUE TO PROVIDE COMPASSIONATE, EXPERT CARE TO PATIENTS AND FAMILIES. SOME OF THE VOLUNTEER POSITIONS INCLUDE IN-HOME AND RESIDENTIAL PATIENT AND FAMILY VOLUNTEER; GRIEF SERVICES, ADMINISTRATIVE OFFICE WORK, FLOWER ROOM AND KITCHEN VOLUNTEER; VIGIL PROGRAM; AND AGRACE hospitality volunteer. FOOD SERVICE: AGRACE EMPLOYS TALENTED CHEFS TO PROVIDE OUR PATIENTS AND FAMILIES COMFORTING MEALS COOKED WITH LOCALLY GROWN, OFTEN ORGANIC FRESH PRODUCE, MEATS AND HERBS. STAFF DIETITIANS WORK WITH THE KITCHEN STAFF TO PREPARE MEALS THAT PROVIDE SUSTENANCE AND COMFORT TO PATIENTS. SOMETIMES A PATIENT WILL NOT BE ABLE TO DIGEST SOLID FOODS, BUT SMALL MEALS CAN BE PREPARED FOR THEM TO ENJOY THE COMFORTS OF THE SMELLS THAT MEALS PROVIDE. IN ADDITION TO PATIENT AND FAMILY MEALS, AGRACE FOOD SERVICES MAKES nutritious meals and snacks for clients at the Agrace Adult Day Center. FRESH BAKED GOODS, COFFEE AND TEA AVAILABLE FOR PURCHASE BY STAFF, VOLUNTEERS, GUESTS, EDUCATIONAL EVENT ATTENDEES at the Doc Rock Cafe at our Madison campus. IN 2023, AGRACE, INC. TRANSFERRED FUNDS TOTALING $6,050,000 TO THE RISK RESERVE ACCOUNT HELD BY AGRACE HOSPICECARE FOUNDATION, INC.

Program 3
Expenses: $2,214,680 Revenue: $2,212,970

Agrace HME, LLC is a disregarded entity that was established in 2019 to provide home medical equipment to Agrace hospice patients. With a fleet of delivery vans and a caring crew of DME technicians...

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Agrace HME, LLC is a disregarded entity that was established in 2019 to provide home medical equipment to Agrace hospice patients. With a fleet of delivery vans and a caring crew of DME technicians, Agrace delivers home medical equipment to our hospice patients. Agrace HME has two equipment warehouses, in Waunakee and Milton, where we use state-of-the-art software and systems to ensure medical equipment is delivered to patients quickly and accurately.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,396,808
Program Service Revenue $100,540,021
Investment Income $143,990
Other Revenue $3,434,957
TOTAL REVENUE $107,515,776

Expense Breakdown

Grants Paid $6,050,000
Salaries & Benefits $69,423,008
Fundraising Expenses $1,467,810
Program Expenses $89,712,801
Other Expenses $32,071,076
TOTAL EXPENSES $107,544,084

Year-over-Year Comparison

2023 2022 Change
Revenue $107,515,776 $93,932,323 +0.1%
Expenses $107,544,084 $91,877,393 +0.2%
Net Income $-28,308 $2,054,930 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
1113
Volunteers
573

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
16
$836,378
Key Employees
5
$1,375,455
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Past Chair - Beginning 4/2023; Chair - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A Vice Chair - Beginning 4/2023; Treasurer - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A Vice Chair - Until 3/2023 / Director 1.0
Officer Director
$0 $0 $0
N/A Treasurer - Beginning 4/2023 1.0
Officer Director
$0 $0 $0
N/A Chair - Beginning 4/2023; Secretary - Until 3/2023 1.0
Officer Director
$0 $0 $0
N/A President & CEO 30.0
Officer Director
$781,840 $54,538 $836,378
N/A Secretary - Beginning 4/2023 1.0
Officer 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 - Until 4/2023 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 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 30.0
Officer
$381,402 $40,671 $422,073
N/A Chief Growth Officer 40.0
Key Emp
$309,207 $32,270 $341,477
N/A Chief Quality Officer 40.0
Key Emp
$233,193 $46,146 $279,339
N/A VP, Customer Access 40.0
Key Emp
$227,577 $23,906 $251,483
N/A VP, Human Resources 40.0
Key Emp
$261,736 $35,197 $296,933
N/A VP, Senior Services 40.0
Key Emp
$191,693 $14,530 $206,223
N/A Hospice/Palliative Physician 36.0
Highest
$262,573 $33,703 $296,276
N/A Hospice/Palliative Physician 32.0
Highest
$229,653 $2,780 $232,433
N/A Hospice/Palliative Physician 40.0
Highest
$240,991 $29,656 $270,647
N/A Hospice Eligibility Physician 40.0
Highest
$241,103 $32,789 $273,892
N/A VP, Medical Services 40.0
Highest
$334,192 $33,027 $367,219
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 $107,515,776 $107,544,084 $139,445,650 $-28,308
2022 $93,932,323 $91,877,393 $120,771,395 $2,054,930
2021 $81,380,739 $83,856,559 $127,559,308 $-2,475,820
2020 $80,732,109 $82,204,893 $112,172,687 $-1,472,784
2019 $74,634,871 $74,649,790 $99,700,596 $-14,919
2018 $68,116,987 $67,600,299 $87,780,982 $516,688
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