VNA Foundation (EIN 050491155) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

Arthur Schacht

Phone

4013315700

Tax Period

2020-10-01 to 2021-09-30

VNA Foundation, founded in 1996, is a small nonprofit that reported $156K in total revenue in fiscal year 2020. Revenue surged 348% from the prior year, signaling strong growth momentum. Expenses of $702K exceeded revenue, resulting in a 350% operating deficit.

Mission

To raise, manage, and allocate funds to promote the delivery of quality home nursing and community based health care through the VNA of Rhode Island. The Organization fosters programs for the improvement of health and the prevention of illness.

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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 (2020)

Revenue Breakdown

Contributions & Grants $29,627

Program Service Revenue $0

Investment Income $126,397

Other Revenue $0

TOTAL REVENUE $156,024

Expense Breakdown

Grants Paid $112,717

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,717

Other Expenses $589,452

TOTAL EXPENSES $702,169

Year-over-Year Comparison

	2020	2019	Change
Revenue	$156,024	$34,833	+3.5%
Expenses	$702,169	$13,978	+49.2%
Net Income	$-546,145	$20,855	-27.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Schacht	Chairman	2.00	Officer Director	$0	$0	$0
Arnold Friedman	Director	2.00	Director	$0	$0	$0
Susan Stone	Director	2.00	Director	$0	$0	$0
Dr H Denman Scott	Director	2.00	Director	$0	$0	$0
Dr Stephen Cummings	Director	2.00	Director	$0	$0	$0
Colby Cameron Esq	Director	2.00	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
2021	$156,024	$702,169	No data	$-546,145
2020	$34,833	$13,978	$1,545,836	$20,855
2019	$32,343	$116,674	$2,086,757	$-84,331
2018	$-1,229,127	$62,332	$2,171,087	$-1,291,459

VNA Foundation