HOPEHEALTH VISITING NURSE

EIN: 050259111 501(c)(3)

LINCOLN, RI

Total Revenue
$17,931,230
Total Expenses
$10,705,882
Total Assets
$1,439,722
Net Assets
$17,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
RI
Principal Officer
DIANA FRANCHITTO
Phone
4017695670
Tax Period
2022-10-01 to 2023-09-30

HOPEHEALTH VISITING NURSE, founded in 1908, is a mid-sized nonprofit that reported $17.9M in total revenue in fiscal year 2022. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 40% operating margin.

Mission

USING OUR CORE VALUES TO IMPROVE THE QUALITY OF LIFE FOR THE COMMUNITIES WE SERVE. WE PROVIDE CARING AND COMPASSIONATE SERVICE BY CONTINUALLY SEEKING QUALITY IN ALL WE DO, HAVING A VISION FOR THE FURUTRE NEED AND SHOWING RESPECT FOR EVERYONE WE SERVE. (SEE SCH. O).WE ARE COMMITTED TO IMPROVING THE LIVES OF THE PEOPLE WE SERVE. WORKING AS A TEAM, OUR NURSES, THERAPISTS, HOME HEALTH AIDES AND OTHER PROFESSIONALS PROVIDE HIGH-QUALITY, COMPASSIONATE CARE TO PATIENTS IN THE COMFORT OF THEIR HOMES. OUR PATIENT-CENTERED CARE INCLUDES:PRIMARY SERVICES: NURSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, HOME HEALTH AIDES AND MEDICAL SOCIAL WORK. SPECIALTY SERVICES: THERAPIES FOR MOBILITY, VISION AND NEUROLOGICAL DISORDERS, AS WELL AS TELEMEDICINE, WOUND CARE AND PALLIATIVE HOME CARE.

Program Service Accomplishments

Program 1
Expenses: $8,285,342 Revenue: $5,840,059

FOUNDED IN 1908, HOPEHEALTH VISITING NURSE (HHVN)'S MISSION TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES, REMAINS UNCHANGED. HHVN PROVIDES SKILLED NURSING CARE FOR COMMON HOME HEALTH...

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FOUNDED IN 1908, HOPEHEALTH VISITING NURSE (HHVN)'S MISSION TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES, REMAINS UNCHANGED. HHVN PROVIDES SKILLED NURSING CARE FOR COMMON HOME HEALTH NEEDS SUCH AS POST OPERATIVE CARE, WOUND CARE, IV THERAPY, AND PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. AT HOPEHEALTH, SAFETY CONTINUES TO BE OUR TOP PRIORITY. AS THE PANDEMIC SITUATION IMPROVES AND GUIDELINE ARE MODIFIED WE ARE COMMITTED TO KEEPING OUR STAFF, PATIENTS AND COMMUNITY SAFE WHILE PROVIDING THE VERY BEST PATIENT CARE. (SEE SCHEDULE O)HOPEHEALTH VISITING NURSE PROVIDES HIGH QUALITY HEALTHCARE SERVICES DESIGNED TO PROMOTE AND MAINTAIN COMMUNITY HEALTH AND TO PROVIDE IN-HOME HEALTH SERVICES FOR PATIENTS REQUIRING HEALTHCARE ASSISTANCE IN THE HOME. IN FY22, HHVN PROVIDED NURSES, HOME CARE AIDES, SOCIAL WORKERS, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIST SERVICES TO OVER 2,551 PATIENTS AND FAMILIES IN THE COMFORT OF THEIR HOMES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $84,689
Program Service Revenue $5,820,874
Investment Income $-216,279
Other Revenue $12,241,946
TOTAL REVENUE $17,931,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,117,384
Fundraising Expenses $18,689
Program Expenses $8,285,342
Other Expenses $1,588,498
TOTAL EXPENSES $10,705,882

Year-over-Year Comparison

2022 2021 Change
Revenue $17,931,230 $7,979,541 +1.2%
Expenses $10,705,882 $11,260,706 0.0%
Net Income $7,225,348 $-3,281,165 -3.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
108
Volunteers
31

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
$831,228
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH ARNOLD DIRECTOR 0.06
Director
$0 $0 $0
GEORGE BABCOCK DIRECTOR 0.08
Director
$0 $0 $0
CARIE BAILEY DIRECTOR 0.11
Director
$0 $0 $0
JEFFREY BRADLEY DIRECTOR 0.11
Director
$0 $0 $0
JANET COOPER NELSON REV DIRECTOR 0.11
Director
$0 $0 $0
DEBORAH CORNWALL DIRECTOR 0.11
Director
$0 $0 $0
BARBARA COTTAM DIRECTOR 0.03
Director
$0 $0 $0
MICHAEL DISANDRO DIRECTOR 0.11
Director
$0 $0 $0
RUTH FAIN DIRECTOR 0.11
Director
$0 $0 $0
DIANE FASCHING DIRECTOR (LEFT 12/31/22) 0.03
Director
$0 $0 $0
MARC GAGNON DIRECTOR (LEFT 12/31/22) 0.03
Director
$0 $0 $0
MARC HUDAK DIRECTOR (LEFT 12/31/22) 0.00
Director
$0 $0 $0
PETER KARCZMAR MD DIRECTOR 0.06
Director
$0 $0 $0
KEITH KELLY CHAIR 0.11
Officer Director
$0 $0 $0
MAYER LEVITT DIRECTOR 0.03
Director
$0 $0 $0
CHRISTOPHER MARSELLA DIRECTOR 0.06
Director
$0 $0 $0
ELAINE MEYER DIRECTOR (LEFT 12/31/22) 0.00
Director
$0 $0 $0
THERESA MOORE DIRECTOR 0.08
Director
$0 $0 $0
VINCENT MOR VICE CHAIR 0.11
Officer Director
$0 $0 $0
MICHAEL MURPHY DIRECTOR 0.00
Director
$0 $0 $0
ARTHUR ROBBINS DIRECTOR (LEFT 12/31/22) 0.08
Director
$0 $0 $0
NANCY ROGERS DIRECTOR (LEFT 12/31/22) 0.00
Director
$0 $0 $0
FRED SCHIFFMAN MD DIRECTOR 0.11
Director
$0 $0 $0
STEPHEN SOSCIA TREASURER 0.00
Officer Director
$0 $0 $0
PAUL STAJDUHAR DIRECTOR 0.11
Director
$0 $0 $0
MARK TRACY SECRETARY 0.11
Officer Director
$0 $0 $0
SUZANNE VARGAS DIRECTOR (LEFT 1/16/23) 0.00
Director
$0 $0 $0
MARK YOUNG DIRECTOR 0.11
Director
$0 $0 $0
KWAME DAPAAH-AFRIYIE DIRECTOR (START 1/1/23) 0.06
Director
$0 $0 $0
SUSAN DESANTO-MADEYA DIRECTOR (START 1/1/23) 0.08
Director
$0 $0 $0
AUDREY KYDD DIRECTOR (START 1/1/23) 0.08
Director
$0 $0 $0
DIANA FRANCHITTO PRESIDENT & CEO 0.11
Officer
$0 $34,376 $508,460
ADDY KANE CFO 0.00
Officer
$0 $36,750 $322,768
JENNIFER L BAUER RN CASE MANAGER 35.00
Highest
$118,282 $15,474 $133,756
SANDRA D MANN MANAGER - CLINICAL TEAM 25.00
Highest
$104,491 $25,961 $130,452
MARIA APPENFELLER MANAGER - PALLIATIVE CARE PROGRAM 17.00
Highest
$102,763 $25,274 $128,037
BALOG ALAINA MANAGER - CLINICAL TEAM 33.00
Highest
$102,476 $12,529 $115,005
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
2023 $249,348 $260,556 No data $-11,208
2023 $17,931,230 $10,705,882 $1,439,722 $7,225,348
2022 $7,979,541 $11,260,706 $3,735,850 $-3,281,165
2021 $11,570,262 $11,951,145 $3,773,721 $-380,883
2020 $11,122,744 $11,946,504 $3,161,606 $-823,760
2019 $12,146,818 $12,543,589 $2,555,278 $-396,771
2018 $12,920,901 $13,114,704 $3,284,629 $-193,803
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