Hospice of the Valley Inc
HOSPICE OF THE VALLEY PROVIDES COMPREHENSIVE AND COMPASSIONATE END-OF-LIFE CARE FOR THE TERMINALLY ILL AS WELL AS SUPPORT SERVICES TO THE FAMILY. HOSPICE OF THE VALLEY WORKS TO INCREASE COMMUNITY AWARENESS OF DEATH AND GRIEF AS A NATURAL PART OF LIFE.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$1.5M
Total Expenses
$4.3M
Net Assets
$11.9M
Employees
89
Volunteers
200
Program Expense Ratio
89.2%
This nonprofit profile presents IRS Form 990 tax filing data for Hospice of the Valley Inc (EIN: 34-1288745), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Hospice of the Valley Inc is a 501(c)(3) nonprofit headquartered in Youngstown, OH, founded in 1979. The organization has held tax-exempt status since 1946. In its 2024 filing, the organization reported $1.5M in total revenue, a 88.0% decrease from the prior year, and $4.3M in total expenses. The organization employed 89 people and engaged 200 volunteers. Martin Tursky, Board Member, COO - Youngstown and Lorain, is the highest-compensated individual at $706,420. The organization runs 1 program, totaling $3.8M in program expenses. 3 of 6 recommended governance policies are in place.
Hospice of the Valley Inc is classified under NTEE code P74Z. Its foundation type is 16.
Programs(Tax Year 2024)
1 record
Hospice of the Valley Inc operates 1 program, with total program expenses of $3.8M. Hospice of the Valley Inc's largest program accounts for 100% of total program spending.
HOSPICE OF THE VALLEY HELPS PEOPLE WITH TERMINAL ILLNESSES WITH A TEAM OF DEDICATED NURSES, SOCIAL WORKERS, PERSONAL CARE AIDES, GRIEF COUNSELORS, CHAPLAINS AND TRAINED VOLUNTEERS WHO PROVIDE QUALITY CARE TO ADDRESS THE PATIENT'S AND FAMILY'S PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS. THESE SERVICES ARE PROVIDED IN THEIR HOMES, IN THE HOSPITAL OR AT HOSPICE HOUSE, AN INPATIENT FACILITY. HOSPICE OF THE VALLEY ALSO PROVIDES FREE OF CHARGE EXTENSIVE BEREAVEMENT SERVICES TO THE COMMUNITY TO HELP PEOPLE WHOSE LOVED ONE HAS DIED.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Hospice of the Valley Inc's revenue has declined from $17.2M to $1.5M, a 91.2% decrease. Program expenses represent 89% of total spending.
Revenue decreased 88.0% year-over-year, while expenses declined 68.2%. net assets rose to $11.9M, up 2.1% from the prior year.
Hospice of the Valley Inc derives 25% from contributions and grants, with 75% from program services, with 0% from investment income.
Revenue is primarily driven by program service revenue (75%), with contributions and grants at 25% and investment income at 0%.
Hospice of the Valley Inc allocates 89% to programs, 11% to management and general.
Revenue declined by 88.0% and expenses declined by 68.2% year over year.
Over 6 filings from 2019–2024, Hospice of the Valley Inc declined revenue from $17.2M to $1.5M (-91.2%) while maintaining a program expense ratio of 89%.
Hospice of the Valley Inc holds $13.4M in total assets against $1.5M in liabilities (debt-to-asset ratio of 11%). The organization has 33.2 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $1.5M | $374K | $0 | $1.1M | $41 |
| 2023 | $12.6M | $1.1M | $343K | $11.3M | $115K |
| 2022 | $14.0M | $1.9M | $251K | $12.0M | $1 |
| 2021 | $14.5M | $2.3M | $509K | $12.1M | $0 |
| 2020 | $16.8M | $2.7M | $588K | $14.1M | $0 |
| 2019 | $17.2M | $822K | $0 | $16.3M | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $4.3M | $3.8M | $467K | $0 | $0 |
| 2023 | $13.5M | $12.0M | $1.5M | $0 | $0 |
| 2022 | $13.8M | $12.3M | $1.5M | $0 | $0 |
| 2021 | $14.0M | $12.6M | $1.5M | $0 | $0 |
| 2020 | $15.1M | $13.5M | $1.5M | $0 | $0 |
| 2019 | $16.9M | $15.1M | $1.8M | $0 | $0 |
Program Expense Ratio
89.2%
Admin Expense Ratio
10.8%
Fundraising Efficiency
—
Operating Reserve
33.2 mo
People & Compensation(Tax Year 2024)
10 records
Hospice of the Valley Inc reported compensation for 10 officers and key employees. Total officer compensation was $1.7M, representing 40.6% of total expenses. 1 individual received total compensation exceeding $500,000.
Hospice of the Valley Inc's highest-compensated individual received $706K in total compensation. Total officer compensation of $1.7M represents 40.6% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Martin Tursky | Board Member, COO - Youngstown and Lorain | OfficerDirector | 1.00 | $0 | $623,139 | $706,420 |
| THOMAS MACABOBBY MD | Board member, Physician | Director | 1.00 | $0 | $324,137 | $383,007 |
| William Eddy DO | Former Medical Director | Key Employee | — | $0 | $251,559 | $288,461 |
| THOMAS ROTHBAUER | Treasurer, Assistant CFO | OfficerDirector | 1.00 | $0 | $185,675 | $191,351 |
| Rebecca Baytos | President and Executive Director | OfficerDirector | 40.00 | $164,474 | $0 | $177,600 |
| Andrew Lipkin | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Amy Weaver PhD RNCNE | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Brian Commons | Chairperson | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Catherine Saluga | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Richard Weaver | Board Member | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Rebecca Baytos
Base Salary
$92,056
Bonus
$10,668
Other Reportable
$61,750
Retirement/Deferred
$-8,509
Nontaxable Benefits
$21,635
Martin Tursky
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
THOMAS ROTHBAUER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
THOMAS MACABOBBY MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
William Eddy DO
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Hospice of the Valley Inc has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 8 members, 5 of whom are independent.
Hospice of the Valley Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1946–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $1.5M | $4.3M | $11.9M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $12.6M | $13.5M | $11.7M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $14.0M | $13.8M | $13.2M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $14.5M | $14.0M | $13.4M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $16.8M | $15.1M | $11.2M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $17.2M | $16.9M | $10.5M |
| 1946–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Hospice of the Valley Inc do?
HOSPICE OF THE VALLEY PROVIDES COMPREHENSIVE AND COMPASSIONATE END-OF-LIFE CARE FOR THE TERMINALLY ILL AS WELL AS SUPPORT SERVICES TO THE FAMILY. HOSPICE OF THE VALLEY WORKS TO INCREASE COMMUNITY AWARENESS OF DEATH AND GRIEF AS A NATURAL PART OF LIFE.
How much revenue does Hospice of the Valley Inc have?
Hospice of the Valley Inc reported $1,507,760 in total revenue for tax year 2024, down 88.0% from the prior year.
Who is the highest-paid executive at Hospice of the Valley Inc?
Martin Tursky, Board Member, COO - Youngstown and Lorain, received $706,420 in total compensation as of tax year 2024.
Is Hospice of the Valley Inc a 501(c)(3)?
Yes, Hospice of the Valley Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Hospice of the Valley Inc located?
Hospice of the Valley Inc is headquartered in Youngstown, OH 44512.
How many employees does Hospice of the Valley Inc have?
Hospice of the Valley Inc has 89 employees and 200 volunteers as of tax year 2024.
Is Hospice of the Valley Inc audited?
Yes, Hospice of the Valley Inc's financial statements are audited, and the organization has an audit committee.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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