Friends Of Hospice Wayne County Ohio
Friends Of Hospice Wayne County Ohio consistently grows assets with zero reported officer compensation.
EIN: 201370925 · Wooster, OH · NTEE: E112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $795K |
| Total Expenses | $531K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Friends Of Hospice Wayne County Ohio Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Hospice Wayne County Ohio directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Hospice Wayne County Ohio
Friends Of Hospice Wayne County Ohio (EIN: 201370925) is a nonprofit organization based in Wooster, OH, classified under NTEE code E112. The organization reported total revenue of $795K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Hospice Wayne County Ohio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Hospice Wayne County Ohio is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $666K |
| Total Expenses | $531K |
| Surplus / Deficit | +$135K |
| Total Assets | $1.9M |
| Total Liabilities | $793K |
| Net Assets | $1.1M |
| Operating Margin | 20.2% |
| Debt-to-Asset Ratio | 41.3% |
| Months of Reserves | 43.4 months |
Financial Health Grade: A
In 2023, Friends Of Hospice Wayne County Ohio reported a surplus of $135K with revenue exceeding expenses, holds 43.4 months of operating reserves (strong position), has a debt-to-asset ratio of 41.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Hospice Wayne County Ohio's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | -5.8% | +2.1% |
| 2022 | +3.8% | +13.3% | +2.8% |
| 2021 | +38.6% | -1.4% | +4.5% |
| 2020 | -27.7% | +1.9% | -5.3% |
| 2019 | +32.6% | -0.3% | +173.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Hospice Wayne County Ohio with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of Hospice Wayne County Ohio allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $135K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with nearly $2 million in assets and over $600,000 in annual revenue.
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 Friends Of Hospice Wayne County Ohio's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided data
- Unusually low liabilities in early years (e.g., $0 in 2014-2015) followed by significant increase, then reduction, which could warrant further investigation into financial structure changes.
Strengths
The following positive indicators were identified for Friends Of Hospice Wayne County Ohio:
- Consistent asset growth, from $619,780 in 2014 to $1,921,957 in 2023, demonstrating strong financial management.
- Zero reported officer compensation across all filings, indicating high efficiency in executive overhead.
- Stable and growing revenue streams, with latest revenue at $665,768.
- Positive net income in most years, allowing for reinvestment and asset accumulation.
- Reduction in liabilities from a peak of $1,040,045 in 2019 to $792,923 in 2023, showing effective debt management.
Frequently Asked Questions about Friends Of Hospice Wayne County Ohio
Is Friends Of Hospice Wayne County Ohio a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Hospice Wayne County Ohio (EIN: 201370925) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Friends Of Hospice Wayne County Ohio spend its money?
Friends Of Hospice Wayne County Ohio directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Hospice Wayne County Ohio tax-deductible?
Friends Of Hospice Wayne County Ohio is registered as a tax-exempt nonprofit (EIN: 201370925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Hospice Wayne County Ohio CEO make?
Friends Of Hospice Wayne County Ohio's highest-compensated officer earns $2 annually. The organization reported $795K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Hospice Wayne County Ohio's spending goes to programs?
Friends Of Hospice Wayne County Ohio directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Hospice Wayne County Ohio compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of Hospice Wayne County Ohio is above average for NTEE category E112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Hospice Wayne County Ohio located?
Friends Of Hospice Wayne County Ohio is headquartered in Wooster, Ohio and files with the IRS under EIN 201370925. It is classified under NTEE code E112.
How many years of IRS 990 filings does Friends Of Hospice Wayne County Ohio have?
Friends Of Hospice Wayne County Ohio has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $795K in total revenue.
How does Friends Of Hospice Wayne County Ohio manage to operate without officer compensation?
The filings consistently report 0% officer compensation, suggesting that leadership roles may be filled by volunteers or compensated through other means not classified as officer compensation on the 990, or that the organization primarily relies on contracted services rather than salaried officers.
What are the primary sources of revenue for the organization?
While specific revenue breakdowns are not provided in the summary, the consistent annual revenue, reaching $665,768 in 2023, suggests a stable funding base, likely from a mix of donations, grants, and potentially investment income given the growing asset base.
How does the organization's asset growth compare to its liabilities?
The organization has significantly grown its assets from $619,780 in 2014 to $1,921,957 in 2023, while liabilities have fluctuated but generally decreased from a peak of $1,040,045 in 2019 to $792,923 in 2023, indicating a strengthening financial position.
Filing History
IRS 990 filing history for Friends Of Hospice Wayne County Ohio showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Hospice Wayne County Ohio's revenue has grown by 117.9%, moving from $306K to $666K. Total assets increased by 197.7% over the same period, from $646K to $1.9M. Total functional expenses rose by 129.1%, from $232K to $531K. In its most recent filing year (2023), Friends Of Hospice Wayne County Ohio reported a surplus of $135K, with revenue exceeding expenses. The organization holds $793K in liabilities against $1.9M in assets (debt-to-asset ratio: 41.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $666K | $531K | $1.9M | $793K | — | View 990 |
| 2022 | $660K | $564K | $1.9M | $887K | — | View 990 |
| 2021 | $635K | $498K | $1.8M | $931K | — | View 990 |
| 2020 | $458K | $505K | $1.8M | $989K | — | View 990 |
| 2019 | $634K | $496K | $1.8M | $1.0M | — | View 990 |
| 2018 | $478K | $497K | $676K | $6K | — | View 990 |
| 2017 | $431K | $377K | $697K | $7K | — | View 990 |
| 2016 | $396K | $393K | $642K | $6K | — | View 990 |
| 2015 | $337K | $323K | $633K | $0 | — | View 990 |
| 2014 | $319K | $297K | $620K | $0 | — | View 990 |
| 2013 | $299K | $239K | $637K | $39K | — | View 990 |
| 2012 | $298K | $233K | $634K | $95K | — | View 990 |
| 2011 | $306K | $232K | $646K | $172K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $666K, expenses of $531K, and assets of $1.9M (revenue +0.9% year-over-year).
- 2022: Revenue of $660K, expenses of $564K, and assets of $1.9M (revenue +3.8% year-over-year).
- 2021: Revenue of $635K, expenses of $498K, and assets of $1.8M (revenue +38.6% year-over-year).
- 2020: Revenue of $458K, expenses of $505K, and assets of $1.8M (revenue -27.7% year-over-year).
- 2019: Revenue of $634K, expenses of $496K, and assets of $1.8M (revenue +32.6% year-over-year).
- 2018: Revenue of $478K, expenses of $497K, and assets of $676K (revenue +10.9% year-over-year).
- 2017: Revenue of $431K, expenses of $377K, and assets of $697K (revenue +8.7% year-over-year).
- 2016: Revenue of $396K, expenses of $393K, and assets of $642K (revenue +17.7% year-over-year).
- 2015: Revenue of $337K, expenses of $323K, and assets of $633K (revenue +5.7% year-over-year).
- 2014: Revenue of $319K, expenses of $297K, and assets of $620K (revenue +6.4% year-over-year).
- 2013: Revenue of $299K, expenses of $239K, and assets of $637K (revenue +0.2% year-over-year).
- 2012: Revenue of $298K, expenses of $233K, and assets of $634K (revenue -2.3% year-over-year).
- 2011: Revenue of $306K, expenses of $232K, and assets of $646K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Hospice Wayne County Ohio:
Data Sources and Methodology
This transparency report for Friends Of Hospice Wayne County Ohio 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.