KENT COUNTY VISITING NURSE ASSOCIA… - 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

1908

Legal Domicile

Principal Officer

JENNIFER LEE

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

KENT COUNTY VISITING NURSE ASSOCIATION, founded in 1908, is a mid-sized nonprofit in the Health Care sector that reported $19.4M in total revenue in fiscal year 2023.

Mission

THE AGENCY PROVIDES MEDICAL HOME HEALTH SERVICES TO RESIDENTS OF THE STATE OF RHODE ISLAND AND SURROUNDING AREAS. THESE MEDICAL SERVICES INCLUDE SKILLED NURSING, REHABILITATIVE, HOSPICE AND PEDIATRIC CARE TO LOW INCOME AND INDIGENT PATIENTS; IN CONJUNCTION WITH AND IN SUPPORT OF CARE NEW ENGLAND HEALTH SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $18,827,588 Revenue: $18,153,102

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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 $1,185,712

Program Service Revenue $18,153,102

Investment Income $62,720

Other Revenue $0

TOTAL REVENUE $19,401,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,227,977

Fundraising Expenses $0

Program Expenses $18,827,588

Other Expenses $4,691,566

TOTAL EXPENSES $20,919,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,401,534	$18,540,288	+0.0%
Expenses	$20,919,543	$20,708,634	+0.0%
Net Income	$-1,518,009	$-2,168,346	-0.3%

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

217

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

$3,264,001

Total Directors

$2,968,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E WAGNER MD	DIRECTOR - PRESIDENT/CEO/CNE	55.0	Officer Director	$0	$32,601	$1,721,011
JAMES E FANALE MD	FORMER OFFICER	0.0		$0	$140,001	$1,457,642
F JOSEPH IANNONI	FORMER OFFICER	0.0		$0	$83,899	$890,828
TODD A CONKLIN	ASST. TREAS./EVP/CFO/CNE	55.0	Officer	$0	$26,659	$733,881
KEVIN BAILL MD	DIRECTOR - MED DIR OP SVCS/BH	55.0	Director	$0	$52,549	$635,307
ANA TUYA FULTON MD	DIR-CHIEF POP HLTH OFF/CNE	55.0	Director	$0	$21,160	$612,080
ASHLEY M TAYLOR ESQ	ASST. SEC./GEN. COUNSEL/CNE	55.0	Officer	$0	$17,484	$559,779
JENNIFER LEE	VP/EXECUTIVE DIRECTOR	55.0	Officer	$227,583	$21,747	$249,330
MEGHAN A SWANSON	CLINICAL MANAGER	55.0	Highest	$134,210	$31,459	$165,669
JOANN DAVIS	COMMUNITY ED. RESOURCE	55.0	Highest	$137,878	$15,661	$153,539
KATIE GANUSKO	Director of Hospice	55.0	Highest	$111,540	$32,660	$144,200
AUGUST BOYLAN RN	Hospice and Palliative Nurse	55.0	Highest	$113,604	$29,648	$143,252
JILLIAN DWELLY RN	RN On-Call	55.0	Highest	$107,796	$31,896	$139,692
KATHLEEN PEIRCE RN BSN MS	FORMER OFFICER	0.0		$0	$10,477	$128,228
GARY E FURTADO	CHAIRMAN - DIRECTOR	1.0	Officer Director	$0	$0	$0
R STEPHEN MANTY	VICE CHAIR/TREASURER-DIRECTOR	1.0	Officer Director	$0	$0	$0
JAMES A BOTVIN	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
SHARON CONARD-WELLS	DIRECTOR	1.0	Director	$0	$0	$0
CAROLYN MASTERS PHD RN	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH J MCGAIR ESQ	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK J MURRAY JR	DIRECTOR	1.0	Director	$0	$0	$0
PETER PHILIPS	DIRECTOR	1.0	Director	$0	$0	$0
JUDITH REMONDI	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES R REPPUCCI ESQ	DIRECTOR	1.0	Director	$0	$0	$0
MARIBETH Q WILLIAMSON	DIRECTOR	1.0	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	$19,401,534	$20,919,543	$6,673,454	$-1,518,009
2023	$18,540,288	$20,708,634	$5,569,942	$-2,168,346
2022	$19,449,159	$21,751,485	$5,362,078	$-2,302,326
2021	$22,454,535	$23,887,699	$6,527,368	$-1,433,164
2020	$23,811,981	$23,827,947	$7,132,566	$-15,966
2019	$23,900,176	$23,009,183	$5,391,031	$890,993
2018	$22,488,728	$23,186,412	$4,284,449	$-697,684

KENT COUNTY VISITING NURSE ASSOCIATION