VISITING NURSE ASSOCIATION OF EASTERN MASSACHUSETTS INC

EIN: 042104935 501(c)(3) Health Care

SOMERVILLE, MA

Total Revenue
$6,401,903
Total Expenses
$6,362,558
Total Assets
$2,418,741
Net Assets
$1,353,623
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
MA
Principal Officer
JACOB SAUERBORN
Phone
6177769800
Tax Period
2024-01-01 to 2024-12-31

VISITING NURSE ASSOCIATION OF EASTERN MASSACHUSETTS INC, founded in 1906, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE COMPREHENSIVE, HIGH-QUALITY HOME HEALTHCARE TO THE COMMUNITY TO ALL WHO NEED SERVICES WITHIN OUR FINANCIAL RESOURCES AND THROUGH THE GENEROSITY OF THE COMMUNITIES SERVED BY THE VNA.

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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 $27,301
Program Service Revenue $6,341,162
Investment Income $33,440
Other Revenue $0
TOTAL REVENUE $6,401,903

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,568,536
Fundraising Expenses $0
Program Expenses $5,025,720
Other Expenses $1,794,022
TOTAL EXPENSES $6,362,558

Year-over-Year Comparison

2024 2023 Change
Revenue $6,401,903 $4,451,699 +0.4%
Expenses $6,362,558 $4,093,181 +0.6%
Net Income $39,345 $358,518 -0.9%
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

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
N/A

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
$513,433
Total Directors
8
$513,433
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRAN GAYRON CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ELIZABETH MINASSIAN VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
LINDA S CORNELL PRESIDENT/CEO 1.00
Officer Director
$0 $68,150 $361,818
ELLEN O'BRIEN SECRETARY 1.00
Officer Director
$0 $0 $0
SHIPLEY MASON TREASURER 1.00
Officer Director
$0 $0 $0
JACOB SAUERBORN CFO 1.00
Officer Director
$0 $16,917 $151,615
JOAN LANDERS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT DITUCCI DIRECTOR 1.00
Director
$0 $0 $0
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 $6,401,903 $6,362,558 $2,418,741 $39,345
2023 $4,451,699 $4,093,181 $1,980,760 $358,518
2022 $4,199,381 $4,220,454 $3,413,010 $-21,073
2021 $2,419,936 $2,866,044 $2,630,416 $-446,108
2020 $2,438,875 $2,634,613 $2,564,536 $-195,738
2019 $2,961,387 $3,370,837 $2,107,679 $-409,450
2018 $2,577,028 $2,794,096 $2,359,400 $-217,068
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