Hospice of Yancey County Inc

EIN: 561388030 501(c)(3) Human Services

Burnsville, NC

Total Revenue
$7,239,647
Total Expenses
$6,944,000
Total Assets
$5,981,799
Net Assets
$5,759,915
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NC
Principal Officer
Ronnie Gregory
Phone
8286829675
Tax Period
2024-10-01 to 2025-09-30

Hospice of Yancey County Inc, founded in 1983, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.9M left a modest 4% surplus.

Mission

We aspire to a Higher Standard of Care. We are dedicated to being recognized as the hospice of choice in our community and for being the most respected and trusted experts in palliative and hospice care.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $422,028
Program Service Revenue $6,692,129
Investment Income $125,490
Other Revenue $0
TOTAL REVENUE $7,239,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,395,938
Fundraising Expenses $43,680
Program Expenses $6,406,398
Other Expenses $3,548,062
TOTAL EXPENSES $6,944,000

Year-over-Year Comparison

2024 2023 Change
Revenue $7,239,647 $6,356,560 +0.1%
Expenses $6,944,000 $5,743,408 +0.2%
Net Income $295,647 $613,152 -0.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
49
Volunteers
12

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
5
$249,438
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Grindstaff CEO / Executive Director 40.00
Officer
$87,910 $11,186 $99,096
Ronnie Gregory Chief Operating Officer 40.00
Officer
$138,383 $11,959 $150,342
Willoree Jobe Chair 2.00
Officer Director
$0 $0 $0
Joyce Watts Vice Chair 2.00
Officer Director
$0 $0 $0
Linda Gigi Kay Secretary/Treasurer 2.00
Officer Director
$0 $0 $0
David Dayton Board Member 1.00
Director
$0 $0 $0
Johnny Riddle Board Member 1.00
Director
$0 $0 $0
Danny Hockaday Board Member 1.00
Director
$0 $0 $0
Lynda Kinnane 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
2025 $7,239,647 $6,944,000 $5,981,799 $295,647
2024 $6,356,560 $5,743,408 $5,812,536 $613,152
2023 $5,179,095 $4,601,343 $4,657,129 $577,752
2022 $5,314,655 $4,359,673 $3,944,003 $954,982
2021 $4,688,341 $3,990,426 $4,137,595 $697,915
2020 $3,663,702 $3,358,762 $3,342,163 $304,940
2019 $2,917,095 $2,720,207 $2,696,541 $196,888
2018 $3,029,691 $2,531,474 $2,477,363 $498,217
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