Holyoke Visiting Nurse Association Inc

EIN: 042104310 501(c)(3) Health Care

Holyoke, MA

Total Revenue
$6,935,639
Total Expenses
$7,545,765
Total Assets
$3,261,900
Net Assets
$-2,482,900
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
MA
Principal Officer
Spiridon E Hatiras
Phone
4135345691
Tax Period
2023-10-01 to 2024-09-30

Holyoke Visiting Nurse Association Inc, founded in 1905, is a community nonprofit in the Health Care sector that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

The Holyoke Visiting Nurse Association, Inc., established in 1905, is dedicated to providing quality home health care to individuals who are elderly, impoverished and medically needy. We coordinate and deliver comprehensive, cost effective services including nursing, physical therapy, occupational therapy, speech therapy, social work and home health aide care. In addition, we are committed to promoting community health through education and special programs.

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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 $10,547
Program Service Revenue $6,858,325
Investment Income $66,767
Other Revenue $0
TOTAL REVENUE $6,935,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,586,553
Fundraising Expenses $0
Program Expenses $6,249,022
Other Expenses $1,959,212
TOTAL EXPENSES $7,545,765

Year-over-Year Comparison

2023 2022 Change
Revenue $6,935,639 $5,601,401 +0.2%
Expenses $7,545,765 $6,536,388 +0.2%
Net Income $-610,126 $-934,987 -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

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Governance

Voting Members
6
Independent Members
3
Employees
74
Volunteers
10

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
$2,160,120
Total Directors
6
$1,920,187
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carl Cameron Secretary 1.00
Officer Director
$0 $44,757 $523,264
Spiridon E Hatiras President & Clerk 1.00
Officer Director
$0 $76,706 $996,930
Dean Vitarisi Treasurer/CFO 1.00
Officer Director
$0 $48,263 $399,993
Bryarly Lehmann Director 1.00
Director
$0 $0 $0
Jon Lumbra Director 1.00
Director
$0 $0 $0
Eileen O'Leary-Sullivan Chair 1.00
Officer Director
$0 $0 $0
Brad Borbidge CPA Delegated Exec. & Finance 1.00
Officer
$68,900 $0 $68,900
April Bartley Executive Director 40.00
Officer
$0 $9,024 $171,033
Stacie Carlin RN Case Manager 40.00
Highest
$200,145 $10,923 $211,068
Jennifer Brodeur Registered Nurse 40.00
Highest
$122,596 $10,923 $133,519
Rita Hurley Clinical Director 40.00
Highest
$121,922 $51 $121,973
Seay Chap Registered Nurse 40.00
Highest
$121,831 $8,715 $130,546
Amber Ribadeneyra Registered Nurse 40.00
Highest
$117,468 $8,715 $126,183
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 $6,935,639 $7,545,765 $3,261,900 $-610,126
2023 $5,601,401 $6,536,388 $2,305,954 $-934,987
2022 $4,516,453 $5,287,643 $2,282,113 $-771,190
2021 $6,659,717 $7,226,237 $2,945,624 $-566,520
2020 $6,636,849 $7,063,509 $2,979,337 $-426,660
2019 $6,656,456 $6,847,086 $2,796,201 $-190,630
2018 $6,353,195 $6,365,469 $2,609,286 $-12,274
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