Norwell Visiting Nurse Association Inc (EIN 042104797) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1924

Legal Domicile

Principal Officer

Renee McInnes

Phone

7816592342

Tax Period

2024-01-01 to 2024-12-31

Norwell Visiting Nurse Association Inc, founded in 1924, is a mid-sized nonprofit that reported $43.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To provide quality home health and hospice care, wellness and public health services in the community.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,648,346

Program Service Revenue $38,501,368

Investment Income $8,214

Other Revenue $-332,832

TOTAL REVENUE $43,825,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,301,791

Fundraising Expenses $1,214,928

Program Expenses $36,166,022

Other Expenses $9,609,154

TOTAL EXPENSES $42,910,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,825,096	$37,547,194	+0.2%
Expenses	$42,910,945	$37,703,892	+0.1%
Net Income	$914,151	$-156,698	-6.8%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

419

Volunteers

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

$612,966

Total Directors

$350,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Renee McInnes	CEO	20.00	Officer Director	$342,591	$7,664	$350,255
Karen Mullaney	President	1.00	Officer Director	$0	$0	$0
Mary Sweeney	Vice President	1.00	Officer Director	$0	$0	$0
John Burke	Treasurer	1.00	Officer Director	$0	$0	$0
Ben Bembenek	Clerk	1.00	Officer Director	$0	$0	$0
Alan Berrick	Director	1.00	Director	$0	$0	$0
Anita Comerford	Director	1.00	Director	$0	$0	$0
Stephanie Franklin	Director	1.00	Director	$0	$0	$0
Shaun Golden	Director	1.00	Director	$0	$0	$0
Elena Kirkiles	Director	1.00	Director	$0	$0	$0
Linda Mahonen	Director	1.00	Director	$0	$0	$0
Kendra McKinley	Director	1.00	Director	$0	$0	$0
Donna Pineau	Director	1.00	Director	$0	$0	$0
Deidre Prescott	Director	1.00	Director	$0	$0	$0
Anila Piqani	CFO	20.00	Officer	$258,678	$4,033	$262,711
Michael Rogers	VP of Advancement	30.00	Highest	$323,388	$17,049	$340,437
Kate Mercier	COO	20.00	Highest	$257,395	$6,069	$263,464
Barbara O'Leary	HR Director	30.00	Highest	$181,147	$24,599	$205,746
Elizabeth McKeen	Sr. Advanced Practicitioner of Hospice Clinical	40.00	Highest	$180,590	$14,880	$195,470
Nicole DePace	Past Nurse Practitioner	40.00	Highest	$170,403	$17,893	$188,296

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	$43,825,096	$42,910,945	$17,120,059	$914,151
2023	$37,547,194	$37,703,892	$16,550,556	$-156,698
2022	$30,776,952	$34,043,068	$16,803,310	$-3,266,116
2021	$33,955,579	$29,930,402	$14,913,766	$4,025,177
2020	$25,843,114	$26,670,407	$15,653,786	$-827,293
2019	$24,936,806	$25,583,852	$11,421,758	$-647,046
2018	$23,840,393	$24,443,606	$12,119,578	$-603,213

Norwell Visiting Nurse Association Inc