Hospice of Central Iowa

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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

1978

Legal Domicile

Phone

5152743400

Tax Period

2019-07-01 to 2020-06-30

Mission

EVERYSTEP IS COMPRISED OF HOSPICE OF CENTRAL IOWA ("HCI"), HCI VNS CARE SERVICES (HCI VNS), AND VISITING NURSE SERVICES OF IOWA ("VNS"). EACH OF THESE 501(C)(3) CHARITIES IS DEDICATED TO EMPOWERING INDIVIDUALS, SUPPORTING FAMILIES, AND STRENGTHENING COMMUNITIES THROUGH THE THE PROMOTION OF HEALTH AND HEALTH-RELATED SERVICES, INCLUDING PALLIATIVE CARE AND END OF LIFE CARE SERVICES. EVERYSTEP PROVIDES EACH OF THE ORGANIZATIONS WITH MANAGEMENT AND ADMINISTRATIVE SUPPORT, STRATEGIC PLANNING SERVICES, MARKETING AND HUMAN RESOURCES ASSISTANCE, AND EMPLOYEE BENEFIT COORDINATION. BY CENTRALIZING THE PROVISION OF THESE SERVICES UNDER THE COMMON CONTROL OF EVERYSTEP, HCI, HCI VNS, AND VNS ARE ABLE TO COMBINE EXPERTISE AND RESOURCES TO OPERATE MORE EFFICIENTLY, ALLOWING THEM THE ABILITY TO OFFER A STRONGER CONTINUUM OF CARE, FROM BIRTH TO END OF LIFE. TOGETHER, THE ORGANIZATIONS ARE WELL-POSITIONED FOR LONG-TERM STABILITY AND STRENGTH IN THE FACE OF CURRENT ECONOMIC REALITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Effective 7/1/2019, HOSPICE OF CENTRAL IOWA (EIN: 42-1093718) and HCI VNS CARE SERVICES (EIN: 45-5189289) merged into VISITING NURSE SERVICES OF IOWA (EIN: 42-0680446) dba EveryStep. As part of this restructuring, all assets and activities were transferred on 7/1/2019 from HOSPICE OF CENTRAL IOWA and HCI VNS CARE SERVICES to VISITING NURSE SERVICES OF IOWA (EveryStep), which also became the common paymaster on 7/1/2019. The board has approved a plan for dissolution and HOSPICE OF CENTRAL IOWA will remain in existence until a complete and accurate dissolution has occurred.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	$16,896,818	-1.0%
Expenses	N/A	$16,615,515	-1.0%
Net Income	N/A	$281,303	N/A

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

N/A

Volunteers

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

$634,759

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Past Chair (Term Ended 9/2019)	1.0	Officer Director	$0	$0	$0
N/A	Board Treasuer (Term Ended 9/2019)	1.0	Officer Director	$0	$0	$0
N/A	Board Chair	1.0	Officer Director	$0	$0	$0
N/A	Board Secretary	1.0	Officer Director	$0	$0	$0
N/A	Chair-Elect	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 (Term Ended 9/2019)	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 (Term Ended 12/2019)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Term Ended 9/2019)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Term Ended 2/2020)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Vice President, Administration	1.0	Officer	$0	$27,744	$151,702
N/A	Vice President & CFO	1.0	Officer	$0	$5,609	$180,278
N/A	President & CEO	1.0	Officer	$0	$18,581	$302,779

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	No data	No data	No data	No data
2019	$16,896,818	$16,615,515	$22,294,127	$281,303
2018	$17,871,133	$17,599,474	$22,791,784	$271,659