VNA CARE NETWORK INC

EIN: 042103825 501(c)(3) Health Care

WORCESTER, MA

Total Revenue
$50,815,427
Total Expenses
$54,806,783
Total Assets
$9,022,606
Net Assets
$-32,340,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
MA
Principal Officer
STEPHEN GUT
Phone
5087860693
Tax Period
2023-01-01 to 2023-12-31

VNA CARE NETWORK INC, founded in 1921, is a mid-sized nonprofit in the Health Care sector that reported $50.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

HOME HEALTH CARE - THE VNA PROVIDES HEALTH CARE SERVICES IN HOME AND COMMUNITY SETTINGS. THESE SERVICES ARE DESIGNED TO PROMOTE AND MAINTAIN COMMUNITY HEALTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,086,456
Program Service Revenue $47,571,396
Investment Income $121,260
Other Revenue $36,315
TOTAL REVENUE $50,815,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,975,423
Fundraising Expenses $208,079
Program Expenses $34,654,876
Other Expenses $22,831,360
TOTAL EXPENSES $54,806,783

Year-over-Year Comparison

2023 2022 Change
Revenue $50,815,427 $46,700,982 +0.1%
Expenses $54,806,783 $52,754,851 +0.0%
Net Income $-3,991,356 $-6,053,869 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
13
Employees
379
Volunteers
15

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
6
$830,211
Total Directors
15
$729,204
Key Employees
2
$589,312
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD ROSE PRESIDENT/CHIEF EXECUTIVE OFFICER 1.00
Officer Director
$0 $30,078 $440,059
STEPHEN GUT TREASURER/CHIEF FINANCIAL OFFICER 1.00
Officer Director
$0 $19,144 $289,145
RITA ADVANI CHAIR 0.50
Officer Director
$0 $0 $0
RENEE L HARPER FIRST VICE CHAIR 0.50
Officer Director
$0 $0 $0
KATHARINE BOLLAND ESHGHI CLERK 0.50
Officer Director
$0 $0 $0
JAMES COSGROVE BOARD MEMBER 0.50
Director
$0 $0 $0
JANE FLAGLER FOGG MD BOARD MEMBER 0.50
Director
$0 $0 $0
LINDA HOPE-SPRINGER BOARD MEMBER 0.50
Director
$0 $0 $0
LAURA LEE MD BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL E MORRIS BOARD MEMBER 0.50
Director
$0 $0 $0
DEBORAH MORSI BOARD MEMBER 0.50
Director
$0 $0 $0
ABHIJEET AJ NADKARNI BOARD MEMBER 0.50
Director
$0 $0 $0
REBECA C PEREZ BOARD MEMBER 0.50
Director
$0 $0 $0
VERA TICE BOARD MEMBER 0.50
Director
$0 $0 $0
STEPHEN E TOSI MD BOARD MEMBER 0.50
Director
$0 $0 $0
REBECCA JACKMAN ASSISTANT CLERK/EXEC. ADMIN. ASSIST. 1.00
Officer
$0 $316 $101,007
JANE PIKE-BENTON CHIEF CLINICAL OFFICER/COO 1.00
Key Emp
$0 $18,987 $346,262
DAVID ROSE CHIEF PEOPLE OFFICER 1.00
Key Emp
$0 $3,640 $243,050
CATHERINE KABAT RN BAYLOR 40.00
Highest
$135,077 $9,260 $144,337
REBECCA JOHNSON PHYSICAL THERAPIST 40.00
Highest
$137,086 $21,882 $158,968
NICOLE RHEAULT MANAGER/WEEKEND CLINICAL 40.00
Highest
$158,189 $1,768 $159,957
LISA LESSARD PHYSICAL THERAPIST 40.00
Highest
$133,364 $0 $133,364
LEANNE E FLEMING RN BAYLOR 40.00
Highest
$135,876 $21,882 $157,758
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
2024 No data No data No data No data
2023 $50,815,427 $54,806,783 $9,022,606 $-3,991,356
2022 $46,700,982 $52,754,851 $7,721,028 $-6,053,869
2021 $48,842,380 $53,171,703 $8,603,953 $-4,329,323
2020 $47,638,397 $54,976,839 $32,336,220 $-7,338,442
2019 $48,929,943 $55,958,810 $136,575,949 $-7,028,867
2018 $56,855,823 $60,504,666 $117,184,027 $-3,648,843
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