VNA Care Network Foundation Inc

EIN: 042794849 501(c)(3) Health Care

Worcester, MA

Total Revenue
$9,777,791
Total Expenses
$9,825,955
Total Assets
$69,834,321
Net Assets
$38,243,596
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
Principal Officer
Stephen Gut
Phone
5087860693
Tax Period
2023-01-01 to 2023-12-31

VNA Care Network Foundation Inc, founded in 1983, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Net assets of $38.2M represent 47 months of operating reserves.

Mission

VNA Care Network Foundation Inc. primary exempt purpose is to raise and invest funds for the benefit of its affiliates to further their charitable activities of home health care services as well as to provide operating facilities and management services.

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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 $1,504,151
Program Service Revenue $7,641,849
Investment Income $686,470
Other Revenue $-54,679
TOTAL REVENUE $9,777,791

Expense Breakdown

Grants Paid $1,814,057
Salaries & Benefits $3,537,570
Fundraising Expenses $39,914
Program Expenses $7,957,064
Other Expenses $4,474,328
TOTAL EXPENSES $9,825,955

Year-over-Year Comparison

2023 2022 Change
Revenue $9,777,791 $11,852,601 -0.2%
Expenses $9,825,955 $9,788,709 +0.0%
Net Income $-48,164 $2,063,892 -1.0%
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
15
Independent Members
13
Employees
11
Volunteers
13

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
$830,211
Total Directors
15
$729,204
Key Employees
2
$589,312
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Todd Rose President/Chief Executive Officer 35.00
Officer Director
$409,981 $30,078 $440,059
Rita S Advani Chair 0.50
Officer Director
$0 $0 $0
Renee L Harper First Vice Chair 0.50
Officer Director
$0 $0 $0
Katharine Bolland Eshghi Clerk 0.50
Officer Director
$0 $0 $0
James Cosgrove Board Member 0.50
Director
$0 $0 $0
Jane Flagler Fogg MD Board Member 0.50
Director
$0 $0 $0
Linda Hope-Springer Board Member 0.50
Director
$0 $0 $0
Laura Lee MD Board Member 0.50
Director
$0 $0 $0
Michael E Morris Board Member 0.50
Director
$0 $0 $0
Deborah Morsi Board Member 0.50
Director
$0 $0 $0
Abhijeet Nadkarni Board Member 0.50
Director
$0 $0 $0
Rebeca C Perez Board Member 0.50
Director
$0 $0 $0
Vera Tice Board Member 0.50
Director
$0 $0 $0
Stephen E Tosi MD Board Member 0.50
Director
$0 $0 $0
Stephen Gut Treasurer/Chief Financial Officer 35.00
Officer Director
$270,001 $19,144 $289,145
Rebecca Jackman Assistant Clerk/Exec. Admin. Assist. 35.00
Officer
$100,691 $316 $101,007
Jane Pike-Benton Chief Clinical Officer/COO 35.00
Key Emp
$327,275 $18,987 $346,262
David Rose Chief People Officer 35.00
Key Emp
$239,410 $3,640 $243,050
Jennifer Casper VP, Patient Access 40.00
Highest
$171,728 $25,494 $197,222
Aaron Langlois VP, Hospice & Palliative Care 40.00
Highest
$186,135 $1,247 $187,382
Lisa McCrystal-Moulton Chief Information Officer 40.00
Highest
$184,151 $9,446 $193,597
Robin Seidman VP Org Excellence/Chief Compliance 40.00
Highest
$219,565 $22,329 $241,894
Catherine Frasco VP Home Health Operations 40.00
Highest
$190,085 $17,311 $207,396
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 No data No data No data No data
2023 $9,777,791 $9,825,955 $69,834,321 $-48,164
2023 $9,777,791 $9,825,955 $48,797,956 $-48,164
2022 $11,852,601 $9,788,709 $49,894,518 $2,063,892
2021 $9,740,895 $9,838,640 $53,895,058 $-97,745
2020 $14,047,338 $7,853,010 $73,656,946 $6,194,328
2019 $14,224,602 $9,368,651 $128,855,079 $4,855,951
2018 $11,747,175 $8,906,882 $95,896,003 $2,840,293
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