Granite VNA Inc

EIN: 020222122 501(c)(3) Health Care

Concord, NH

Total Revenue
$41,688,359
Total Expenses
$43,041,796
Total Assets
$51,532,496
Net Assets
$47,290,819
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Financial Trends

Organization Details

Formation Year
1899
Legal Domicile
NH
Principal Officer
Beth J Slepian
Phone
6032244093
Tax Period
2024-10-01 to 2025-09-30

Granite VNA Inc, founded in 1899, is a mid-sized nonprofit in the Health Care sector that reported $41.7M in total revenue in fiscal year 2024.

Mission

Granite VNA, Inc., incorporated in 1899, is a home health and hospice care provider, offering both preventive and supportive health care services. Our mission is to provide and facilitate comprehensive care in the home and community to optimize health, well-being, and independence. Our services include Skilled Nursing; Physical Therapy, Occupational Therapy, & Speech Therapy; Homemaking; Maternal/Child Health; Social Work; Hospice Care; Palliative Care, Pediatric Care; Nutritional Counseling; Senior Health Clinics; Flu Immunization Clinics; Blood Pressure Clinics; and Community Education. The agency's service area includes Merrimack County Belknap County, Carroll County, and portions of Hillsborough County, representing more than 72 communities in central New Hampshire. Granite VNA serves over 10,594 patients annually and provides more than 114,528 homecare visits and approximately 58,526 hospice days annually, including a 10-bed Hospice House. Patients who are uninsured, underinsured, or otherwise unable to pay the published fees for services are provided charity care. In the Fiscal Year 2025, Granite VNA, Inc.'s Home Care Program provided care to 9,565 patients. Seven percent (7%) of the patients served in the Home Care Program were uninsured or received funding from Medicaid. In addition, 55% of the Home Care patients had Medicare or Medicare replacement plans as their insurance plan. The Hospice program provided care to 1,029 patients. Ninety one percent (91%) of the Hospice patients had Medicare and 1% of the patients were uninsured or received funding from Medicaid. We are a 501(c)(3) non-profit agency and a subsidiary of Capital Region Health Care. Granite VNA is a Medicare and Medicaid Certified Home Health and Hospice Provider and is licensed by the State of New Hampshire Bureau of Health Care Facilities. In addition, Granite VNA's Hospice House, an inpatient setting providing care and comfort for the terminally ill, is licensed by the State of New Hampshire as a Supportive Residential Care Facility.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,843,057
Program Service Revenue $35,959,197
Investment Income $3,805,040
Other Revenue $81,065
TOTAL REVENUE $41,688,359

Expense Breakdown

Grants Paid $3,421
Salaries & Benefits $36,259,096
Fundraising Expenses $87,591
Program Expenses $33,711,757
Other Expenses $6,740,279
TOTAL EXPENSES $43,041,796

Year-over-Year Comparison

2024 2023 Change
Revenue $41,688,359 $42,168,612 0.0%
Expenses $43,041,796 $49,680,537 -0.1%
Net Income $-1,353,437 $-7,511,925 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
508
Volunteers
181

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$704,256
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Green MD Board Chair 3.00
Officer Director
$0 $0 $0
Natalya Pearl Vice Chair 1.00
Officer Director
$0 $0 $0
Chris Parkinson Treasurer 1.00
Officer Director
$0 $0 $0
Andrea Stevenson Secretary 1.00
Officer Director
$0 $0 $0
Robin Michaud Representative-at-large 1.00
Officer Director
$0 $0 $0
Michael Griffin Ex-officio/Past Board Chair 1.00
Officer Director
$0 $0 $0
Daniel Andrus Trustee 1.00
Director
$0 $0 $0
Susan Houghton Trustee 1.00
Director
$0 $0 $0
Daniel Kaplan Trustee 1.00
Director
$0 $0 $0
Neiko Lavery Esq Trustee 1.00
Director
$0 $0 $0
Lyn Lindpaintner MD Trustee 1.00
Director
$0 $0 $0
Oreste Mosca Trustee 1.00
Director
$0 $0 $0
Tonya Rochette Trustee 1.00
Director
$0 $0 $0
Corinne Smith Trustee 1.00
Director
$0 $0 $0
Maura Weston Trustee 1.00
Director
$0 $0 $0
Steven Whitley Trustee 1.00
Director
$0 $0 $0
Joel Arsenault Past Trustee 0.00
Director
$0 $0 $0
Brian Duffy Past Trustee 1.00
Director
$0 $0 $0
Michelline Dufort Past Trustee 1.00
Director
$0 $0 $0
Mark Edelstein Past Trustee 1.00
Director
$0 $0 $0
James Mullins Past Treasurer 1.00
Officer Director
$0 $0 $0
Beth J Slepian President/CEO 55.00
Officer
$410,789 $42,305 $453,094
James Manahan CFO 50.00
Officer
$240,923 $10,239 $251,162
Jason Edwards Nurse 70.00
Highest
$270,326 $37,092 $307,418
Deb Mullen CIO 50.00
Highest
$196,787 $20,946 $217,733
Sarah DeFalco CAO 50.00
Highest
$190,832 $8,110 $198,942
Dan Ray Hospice Medical Director 50.00
Highest
$168,937 $15,047 $183,984
Angela Arria VP 50.00
Highest
$154,256 $6,556 $160,812
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $41,688,359 $43,041,796 $51,532,496 $-1,353,437
2024 $42,168,612 $49,680,537 $52,922,315 $-7,511,925
2023 $51,441,113 $49,116,492 $55,185,431 $2,324,621
2022 $41,824,646 $45,843,636 $51,710,798 $-4,018,990
2021 $48,458,004 $41,987,712 $68,541,110 $6,470,292
2020 $34,481,409 $36,643,646 $51,502,232 $-2,162,237
2019 $33,464,374 $35,241,672 $37,764,327 $-1,777,298
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