Alive Hospice
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$43,945,816.00
Projected Expenses
$42,938,538.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| alive hospice irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $43,579,001.00 | $36,593,502.00 | $37,447,447.00 |
| Total Expenses | $37,883,878.00 | $35,522,000.00 | $35,472,259.00 |
| Revenue Less Expenses | $5,695,123.00 | $1,071,502.00 | $1,975,188.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $604,970.00 | $373,800.00 | $1,361,750.00 |
| Contributions, Gifts, and Grants | $3,871,766.00 | $2,639,046.00 | $2,881,084.00 |
| Indirect Public Support | $68,328.00 | $42,632.00 | $88,389.00 |
| Earned Revenue | $38,767,374.00 | $32,414,072.00 | $32,940,979.00 |
| Investment Income, Net of Losses | $204,014.00 | $630,814.00 | $74,976.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $2,580.00 | $4,500.00 | $24,745.00 |
| Other | $65,129.00 | $488,638.00 | $74,524.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $29,555,132.00 | $27,310,896.00 | $26,721,062.00 |
| Administration Expense | $7,742,099.00 | $7,610,764.00 | $8,154,272.00 |
| Fundraising Expense | $586,647.00 | $600,340.00 | $596,925.00 |
| Total Revenue/Total Expenses | 115% | 103% | 106% |
| Program Expense/Total Expenses | 78% | 77% | 75% |
| Fundraising Expense/Contributed Revenue | 2% | 2% | 2% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $38,767,374.00 | Program Revenue $32,414,072.00 | Program Revenue $32,940,979.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,871,766.00 | Contributions, Gifts, Grants $2,639,046.00 | Contributions, Gifts, and Grants $2,881,084.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $604,970.00 | Investment Income $630,814.00 | Government Grants $1,361,750.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $43,227,458.00 | $38,867,559.00 | $38,033,196.00 |
| Current Assets | $17,942,375.00 | $16,065,665.00 | $14,742,574.00 |
| Long-Term Liabilities | $0.00 | $1,177,966.00 | $1,366,435.00 |
| Current Liabilities | $3,592,008.00 | $3,346,791.00 | $3,047,107.00 |
| Total Net Assets | $39,635,450.00 | $34,342,802.00 | $33,619,654.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$2,332,088.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| IRS Tax Form 990 | 2022 |
| Alive Hospice 2021 990 | 2021 |
| Alive Hospice 2020 990 | 2020 |
| Alive Hospice 2019 990 | 2019 |
| Alive Hospice 2018 990 | 2018 |
| Alive Hospice 2017 990 | 2017 |
| Alive Hospice 2016 990 | 2016 |
| Alive Hospice 2015 990 | 2015 |
| Alive Hospice 2014 990 | 2014 |
| Alive Hospice 2013 990 | 2013 |
| alive hospice 2012 990 | 2012 |
| alive hospice 2011 990 | 2011 |
| alive hospice 2010 990 | 2010 |
| alive hospice 2009 990 | 2009 |
| alive hospice 2008 990 | 2008 |
| alive hospice 2007 990 | 2007 |
| alive hospice 2006 990 | 2006 |
| alive hospice 2005 990 | 2005 |
| alive hospice 2004 990 | 2004 |
| alive hospice 2003 990 | 2003 |
Audit Documents
CEO/Executive Director/Board Comments
| Our current financial cash reserves provide us with approximately 90 days of operating reserves in the unlikely event of an interruption of reimbursement from 3rd party payors, such as Medicare and TennCare. Further, we maintain approximately 45 days outstanding with our accounts receivable. The clinical care we provide our patients is reimbursed by Medicare, TennCare, and most private insurance companies. We work very hard to "live within our means." In other words, services required by Medicare and other licensing bodies are paid for by these reimbursements. We are very good stewards of the reimbursement dollars. Still not everyone we serve has adequate insurance to cover our costs. Each year Alive provides more than $1 million in unreimbursed care. In addition, Alive Grief Support Services is funded almost exclusively (95% of cost) by donations and grant dollars. We are grateful to the many donors who believe in our mission and partner with us to make Alive Hospice the community treasure that it is. |
Foundation Staff Comments
| Financial figures taken from 990. Any foundation and corporate contributions are included in Contributions, Gifts, and Grants sum, as figures are not separated in 990 or audit documents. Donor information removed to protect donor privacy. Financials prepared by LBMC, PC. Comment provided by Nicole Rose 11/02/2023. |
