VISITING NURSE ASSOCIATION OF MIDDLESEX- EAST INC

EIN: 046151873 501(c)(3)

WOBURN, MA

Total Revenue
$4,711,264
Total Expenses
$4,428,793
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
MA
Principal Officer
TIMOTHY P O'CONNOR
Phone
7817562488
Tax Period
2016-10-01 to 2017-01-01

VISITING NURSE ASSOCIATION OF MIDDLESEX- EAST INC, founded in 1967, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2016. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $4.4M left a modest 6% surplus.

Mission

TO PROVIDE COMPREHENSIVE HOME HEALTH AND HOSPICE CARE. WE FOSTER AND PROMOTE THE HEALTH OF INDIVIDUAL, FAMILY AND COMMUNITY THROUGH EDUCATION AND COMPASSIONATE, HIGH QUALITY SERVICES.

Program Service Accomplishments

Program 1
Expenses: $3,351,942 Revenue: $4,367,431

PROVIDE COMPREHENSIVE HOME HEALTH AND HOSPICE CARE, AND FOSTER AND PROMOTE THE HEALTH OF INDIVIDUALS, FAMILY AND COMMUNITY THROUGH EDUCATION AND COMPASSIONATE HIGH QUALITY SERVICES. IN ADDITION TO...

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PROVIDE COMPREHENSIVE HOME HEALTH AND HOSPICE CARE, AND FOSTER AND PROMOTE THE HEALTH OF INDIVIDUALS, FAMILY AND COMMUNITY THROUGH EDUCATION AND COMPASSIONATE HIGH QUALITY SERVICES. IN ADDITION TO HOME HEALTH AND HOSPICE SERVICES, WE HAVE TELEHEALTH SERVICES AND OFFER SUPPORT SERVICES TO ALZHEIMERS CAREGIVERS. FROM OCTOBER 1, 2016 THROUGH DECEMBER 31, 2016, VNAME PROVIDED 5,208 HOME HEALTH VISITS AND 6,499 DAYS OF HOSPICE CARE.

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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 (2016)

Revenue Breakdown

Contributions & Grants $219,513
Program Service Revenue $4,229,157
Investment Income $261,607
Other Revenue $987
TOTAL REVENUE $4,711,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,305,582
Fundraising Expenses $0
Program Expenses $3,351,942
Other Expenses $1,123,211
TOTAL EXPENSES $4,428,793

Year-over-Year Comparison

2016 2015 Change
Revenue $4,711,264 $17,496,199 -0.7%
Expenses $4,428,793 $15,685,737 -0.7%
Net Income $282,471 $1,810,462 -0.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
207
Volunteers
34

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
$429,419
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD R GRANT PRESIDENT 40.00
Officer Director
$0 $0 $0
DAVID SPACKMAN CLERK 2.00
Officer Director
$0 $0 $0
TIMOTHY O'CONNOR TREASURER 2.00
Officer Director
$0 $0 $0
JULIANNE THURLOW DIRECTOR 2.00
Officer Director
$0 $0 $0
KAREN AGAHIGIAN CEO 40.00
Officer
$196,955 $54,134 $251,089
MICHELLE COULLAHAN CFO 40.00
Officer
$161,898 $16,432 $178,330
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
2017 $4,711,264 $4,428,793 No data $282,471
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