SOUTHCOAST VISITING NURSE ASSOCIAT… - Form 990 Financial Data

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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

1925

Legal Domicile

Principal Officer

DAVID MCCREADY

Phone

5089733213

Tax Period

2023-10-01 to 2024-09-30

SOUTHCOAST VISITING NURSE ASSOCIATION INC, founded in 1925, is a mid-sized nonprofit in the Health Care sector that reported $47.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO FOSTER IMPROVEMENT AND MAINTENANCE OF HEALTH, PREVENTION OF DISEASE AND DISABILITY AND COMPASSIONATE END-OF-LIFE CARE IN THE HOME SETTING. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $20,948,461 Revenue: $26,049,228

HEALTHCARE - PROVIDES ACUTE HEALTHCARE TO PATIENTS AT HOME, BEREAVEMENT SUPPORT AND COUNSELING FOR GRIEVING LOVED ONES. DURING FISCAL YEAR 2024, VNA HAD 26,363 CARDIAC PROGRAM VISITS AND 41,078 REHAB VISITS, INCLUDING OCCUPATIONAL THERAPY, PHYSICAL THERAPY, AND SPEECH LANGUAGE PATHOLOGY. THERE WERE 185 BEHAVIORAL HEALTH VISITS, 103,771 HOME HEALTH VISITS, AND 6,018 MATERNAL CHILD HEALTH HOME VISITS.

Program 2

Expenses: $16,573,508 Revenue: $19,737,277

HOSPICE CARE - PROVIDES A SPECIALIZED KIND OF CARE THAT OFFERS COMFORT AND SUPPORT TO PATIENTS WHO ARE NO LONGER SEEKING ACTIVE TREATMENT AND HAVE A LIFE EXPECTANCY OF MONTHS OR WEEKS. HOSPICE CARE IS A FORM OF PALLIATIVE CARE THAT AIMS TO IMPROVE THE QUALITY OF LIFE AND PROVIDE PAIN RELIEF AND OTHER COMFORT MEASURES FOR TERMINALLY ILL PEOPLE. DURING FISCAL YEAR 2024, VNA HAD 66,138 HOSPICE PROGRAM VISITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $870,032

Program Service Revenue $45,786,505

Investment Income $340,518

Other Revenue $3,640

TOTAL REVENUE $47,000,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,754,168

Fundraising Expenses $16,980

Program Expenses $37,521,969

Other Expenses $10,918,396

TOTAL EXPENSES $45,672,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,000,695	$43,446,677	+0.1%
Expenses	$45,672,564	$42,524,021	+0.1%
Net Income	$1,328,131	$922,656	+0.4%

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

385

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

$5,874,206

Total Directors

$6,613,911

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYFORD KRUGER MD	PRESIDENT & EX-OFFICIO (UNTIL 1/24)	5.50	Officer Director	$0	$310,295	$1,611,294
RENEE CLARK	CHAIR (UNTIL 12/2023), TRUSTEE	2.50	Officer Director	$0	$191,393	$1,312,578
WADE BROUGHMAN	TREASURER OF BOARD/ EVP FIN/CFO	2.50	Officer Director	$0	$39,095	$1,194,209
JEFFREY LAWRENCE MD	VICE CHAIR (TO 12/23), TTE (TO 4/24)	2.50	Officer Director	$0	$132,042	$918,401
PATRICIA BUIOCCHI	VP SOUTHCOAST HEALTH AT HOME & CLERK	32.50	Officer Director	$0	$678	$468,952
JAMES WITKOWSKI MD	TRUSTEE	1.50	Director	$0	$42,323	$453,216
DAVID MCCREADY	EX-OFFICIO, PRES & CEO (AS OF 1/24)	3.50	Officer Director	$0	$51,283	$368,772
CHANDRA REDDIVARI MD	TRUSTEE	1.50	Director	$0	$19,053	$286,489
DONALD G GIUMETTI	VICE CHAIR (AS OF 1/2024)	2.50	Officer Director	$0	$0	$0
ELIZABETH HUIDEKOPER	CHAIR (AS OF 1/2024)	2.50	Officer Director	$0	$0	$0
JAY SCHACHNE MD	TRUSTEE (AS OF 1/2024)	1.50	Director	$0	$0	$0
PAMELA SWANSEY	RN	40.00	Highest	$170,112	$15,560	$185,672
FERNANDA JOHNSON	CLINICAL MANAGER REHAB	40.00	Highest	$156,543	$26,953	$183,496
LORI CROWSHAW	ED-HOME HEALTH CLINICAL SERVICE	40.00	Highest	$172,075	$8,072	$180,147
SALLY CERQUEIRA-BONET	RN	40.00	Highest	$161,125	$13,584	$174,709
SUSAN BULLOCK	PHYSICAL THERAPIST	40.00	Highest	$157,069	$14,984	$172,053
DIANE PATRICK	FORMER VICE CHAIR	0.00		$0	$33,332	$353,324

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	$47,000,695	$45,672,564	$31,317,062	$1,328,131
2023	$43,446,677	$42,524,021	$27,576,569	$922,656
2022	$40,642,751	$39,491,828	$25,783,339	$1,150,923
2021	$42,652,973	$41,868,603	$31,363,788	$784,370
2020	$40,219,207	$37,271,152	$35,139,744	$2,948,055
2019	$37,458,384	$35,855,832	$20,228,289	$1,602,552
2018	$35,589,567	$34,905,708	$17,974,621	$683,859

SOUTHCOAST VISITING NURSE ASSOCIATION INC