FLOYD HEALTHCARE MANAGEMENT INC
Mission Statement
The Heyman HospiceCare team provides medical care to terminally ill patients as well as psychological support, spiritual support, identification and utilization of available community resources and other practical support to our patients and all those involved in their care. To the extent possible, we enable patients to manage their own care in the environment of their choice. We strive to alleviate pain and other symptoms through the least invasive process and to reduce economic and emotional stresses. We encourage understanding of the bereavement experience as a natural and meaningful process. We foster sensitive, informed support of those experiencing grief and assist with their social reentry by offering our services as a bereavement resource for the community. Heyman HospiceCare staff and volunteers work to increase awareness of terminal illness, the dying process, death and the experience of grief through community-wide educational opportunities.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.1% | 87.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.9% | 12.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.2 mo | 6.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
40.8% | 44.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.8% | 96.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
18.3% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.2% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.5% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $772.1M | $737.3M | $503.1M | 78.1% | 4009 |
| 2023 | $652.8M | $681.6M | $455.2M | 80.3% | 4530 |
| 2022 | $689.4M | $675.9M | $427.5M | 93.9% | 4266 |
| 2021 | $501.3M | $461.7M | N/A | — | 4003 |
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