HOPEHEALTH COMMUNITY VNA INC

EIN: 042475924 501(c)(3) Health Care

ATTLEBORO, MA

Total Revenue
$5,231,039
Total Expenses
$8,892,651
Total Assets
$8,667,610
Net Assets
$3,935,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MA
Principal Officer
DIANA FRANCHITTO
Phone
5082220118
Tax Period
2023-10-01 to 2024-09-30

HOPEHEALTH COMMUNITY VNA INC, founded in 1971, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $8.9M exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE SERVICES AND RESOURCES THAT ENHANCE COMMUNITY'S CAPACITY TO ACHIEVE OPTIMAL HEALTH, WELLNESS AND QUALITY OF LIFE.

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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 $87,774
Program Service Revenue $5,154,041
Investment Income $-309,356
Other Revenue $298,580
TOTAL REVENUE $5,231,039

Expense Breakdown

Grants Paid $37,795
Salaries & Benefits $5,149,975
Fundraising Expenses $2,496
Program Expenses $7,326,366
Other Expenses $3,704,881
TOTAL EXPENSES $8,892,651

Year-over-Year Comparison

2023 2022 Change
Revenue $5,231,039 $6,419,656 -0.2%
Expenses $8,892,651 $9,644,039 -0.1%
Net Income $-3,661,612 $-3,224,383 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
95
Volunteers
27

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
$864,346
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH ARNOLD DIRECTOR 0.12
Director
$0 $0 $0
GEORGE BABCOCK DIRECTOR 0.06
Director
$0 $0 $0
CARIE BAILEY DIRECTOR 0.12
Director
$0 $0 $0
JEFFREY BRADLEY DIRECTOR 0.14
Director
$0 $0 $0
REV JANET COOPER-NELSON DIRECTOR 0.12
Director
$0 $0 $0
DEBORAH CORNWALL DIRECTOR 0.14
Director
$0 $0 $0
BARBARA COTTAM DIRECTOR (LEFT 12/2023) 0.03
Director
$0 $0 $0
KWAME DAPAAH-AFRIYIE DIRECTOR 0.09
Director
$0 $0 $0
SUSAN DESANTO-MADEYA DIRECTOR 0.14
Director
$0 $0 $0
MICHAEL DISANDRO DIRECTOR 0.14
Director
$0 $0 $0
RUTH FAIN DIRECTOR 0.14
Director
$0 $0 $0
PETER KARCZMAR MD DIRECTOR 0.09
Director
$0 $0 $0
KEITH KELLY CHAIR 0.09
Officer Director
$0 $0 $0
AUDREY KYDD DIRECTOR 0.14
Director
$0 $0 $0
MAYER LEVITT DIRECTOR 0.12
Director
$0 $0 $0
CHRISTOPHER MARSELLA DIRECTOR 0.09
Director
$0 $0 $0
THERESA MOORE DIRECTOR 0.12
Director
$0 $0 $0
VINCENT MOR DIRECTOR 0.14
Director
$0 $0 $0
MICHAEL MURPHY DIRECTOR (LEFT 12/2023) 0.06
Director
$0 $0 $0
MARCIA NEIBERG DIRECTOR (START 12/2023) 0.12
Director
$0 $0 $0
ARTHUR ROBBINS DIRECTOR (LEFT 2/2024) 0.09
Director
$0 $0 $0
FRED SCHIFFMAN DIRECTOR (LEFT 12/2023) 0.06
Director
$0 $0 $0
STEPHEN SOSCIA TREASURER 0.12
Officer Director
$0 $0 $0
PAUL STAJDUHAR DIRECTOR 0.14
Director
$0 $0 $0
MARK TRACY SECRETARY 0.14
Officer Director
$0 $0 $0
MARK YOUNG DIRECTOR 0.12
Director
$0 $0 $0
DIANA FRANCHITTO PRESIDENT & CEO 5.09
Officer
$0 $30,174 $518,909
ADOZINDA F KANE CFO (LEFT 6/2024) 3.96
Officer
$0 $35,047 $345,437
EILEEN LEDUC MANAGER - CLINICAL TEAM 45.33
Highest
$112,725 $14,591 $127,316
JENNIFER GAY PHYSICAL THERAPIST 31.01
Highest
$103,726 $2,568 $106,294
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 $5,231,039 $8,892,651 $8,667,610 $-3,661,612
2023 $6,419,656 $9,644,039 $9,543,047 $-3,224,383
2022 $7,585,547 $10,649,595 $13,378,758 $-3,064,048
2021 $10,259,602 $8,635,538 $15,807,529 $1,624,064
2020 $11,870,374 $10,517,030 $10,046,629 $1,353,344
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