Fremont Regional Hospice
Fremont Regional Hospice faces recurring operating deficits despite stable assets and no executive compensation.
EIN: 201669740 · Canon City, CO · NTEE: P74 · Updated: 2026-03-28
Is Fremont Regional Hospice Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fremont Regional Hospice directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fremont Regional Hospice
Fremont Regional Hospice (EIN: 201669740) is a nonprofit organization based in Canon City, CO, classified under NTEE code P74. The organization reported total revenue of $910K and total assets of $806K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fremont Regional Hospice's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fremont Regional Hospice with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fremont Regional Hospice allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Fremont Regional Hospice consistently reports 0% officer compensation across all ten available filings, indicating that no salaries are paid to its officers. This is a strong positive for resource allocation, suggesting that funds are directed towards the organization's mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fremont Regional Hospice's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $183,962 in 2020, $305,536 in 2019), indicating spending exceeds revenue.
- Significant decline in assets from a peak of $1,455,677 in 2013 to $805,715 in 2020, potentially due to sustained operating losses.
Strengths
The following positive indicators were identified for Fremont Regional Hospice:
- Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
- Maintains a substantial asset base ($805,715 in 2020) providing a buffer against financial fluctuations.
- Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Fremont Regional Hospice
Is Fremont Regional Hospice a legitimate charity?
Based on AI analysis of IRS 990 filings, Fremont Regional Hospice (EIN: 201669740) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Fremont Regional Hospice spend its money?
Fremont Regional Hospice directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fremont Regional Hospice tax-deductible?
Fremont Regional Hospice is registered as a tax-exempt nonprofit (EIN: 201669740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fremont Regional Hospice financially sustainable given its recent operating deficits?
While Fremont Regional Hospice has a solid asset base ($805,715 in 2020), it has experienced operating deficits in recent years (e.g., $183,962 in 2020, $305,536 in 2019). Sustained deficits could erode assets over time, raising questions about long-term financial sustainability if not addressed through increased revenue or expense management.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant strength, indicating that leadership is likely volunteer-based or compensated through other means not classified as officer compensation. This suggests a high dedication to the mission and allows a greater proportion of funds to be directed towards programs and services.
What is the trend in Fremont Regional Hospice's revenue and expenses?
Revenue has fluctuated, peaking at $1,422,448 in 2013 and declining to $910,374 in 2020. Expenses have also varied, but in recent years (2019, 2020), expenses have consistently exceeded revenue, leading to operating losses.
Filing History
IRS 990 filing history for Fremont Regional Hospice showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Fremont Regional Hospice's revenue has declined by 3.4%, moving from $943K to $910K. Total assets increased by 4.6% over the same period, from $770K to $806K. Total functional expenses rose by 24%, from $883K to $1.1M. In its most recent filing year (2020), Fremont Regional Hospice reported a deficit of $184K, with expenses exceeding revenue. The organization holds $164K in liabilities against $806K in assets (debt-to-asset ratio: 20.4%), resulting in net assets of $642K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $910K | $1.1M | $806K | $164K | — | View 990 |
| 2019 | $900K | $1.2M | $874K | $90K | — | View 990 |
| 2018 | $1.3M | $1.0M | $1.2M | $97K | — | View 990 |
| 2017 | $597K | $684K | $913K | $56K | — | — |
| 2016 | $799K | $811K | $977K | $46K | — | View 990 |
| 2015 | $737K | $854K | $978K | $45K | — | View 990 |
| 2014 | $779K | $1.1M | $1.1M | $69K | — | View 990 |
| 2013 | $1.4M | $1.3M | $1.5M | $85K | — | View 990 |
| 2012 | $1.4M | $1.1M | $1.1M | $71K | — | View 990 |
| 2011 | $943K | $883K | $770K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $910K, expenses of $1.1M, and assets of $806K (revenue +1.2% year-over-year).
- 2019: Revenue of $900K, expenses of $1.2M, and assets of $874K (revenue -28.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.0M, and assets of $1.2M (revenue +109.8% year-over-year).
- 2017: Revenue of $597K, expenses of $684K, and assets of $913K (revenue -25.3% year-over-year).
- 2016: Revenue of $799K, expenses of $811K, and assets of $977K (revenue +8.5% year-over-year).
- 2015: Revenue of $737K, expenses of $854K, and assets of $978K (revenue -5.4% year-over-year).
- 2014: Revenue of $779K, expenses of $1.1M, and assets of $1.1M (revenue -45.2% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.5M (revenue +3.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.1M, and assets of $1.1M (revenue +45.7% year-over-year).
- 2011: Revenue of $943K, expenses of $883K, and assets of $770K.
Data Sources and Methodology
This transparency report for Fremont Regional Hospice is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.