VISITING NURSE ASSOCIATION OF SOUTHEASTERN CONNECTICUT INC

EIN: 060646616 501(c)(3) Health Care

WATERFORD, CT

Total Revenue
$12,455,639
Total Expenses
$15,174,871
Total Assets
$30,672,039
Net Assets
$28,152,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
CT
Principal Officer
GAIL KOSYLA
Phone
2036882603
Tax Period
2023-10-01 to 2024-09-30

VISITING NURSE ASSOCIATION OF SOUTHEASTERN CONNECTICUT INC, founded in 1931, is a mid-sized nonprofit in the Health Care sector that reported $12.5M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $15.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HOME HEALTH CARE SERVICES TO THE CITIZENS OF SOUTHEASTERN CONNECTICUT.

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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 $109,615
Program Service Revenue $11,253,608
Investment Income $1,098,368
Other Revenue $-5,952
TOTAL REVENUE $12,455,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,180,021
Fundraising Expenses $0
Program Expenses $14,167,912
Other Expenses $1,994,850
TOTAL EXPENSES $15,174,871

Year-over-Year Comparison

2023 2022 Change
Revenue $12,455,639 $13,286,227 -0.1%
Expenses $15,174,871 $15,484,078 0.0%
Net Income $-2,719,232 $-2,197,851 +0.2%
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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Governance

Voting Members
4
Independent Members
1
Employees
186
Volunteers
2

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
$807,628
Total Directors
4
$1,461,786
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK L GREEN FORMER TRUSTEE (CURRENT YR COMP) 0.00
$0 $219,082 $835,885
PATRICK L GREEN FORMER TRUSTEE (VESTED DEFERRED) 0.00
$0 $0 $157,810
RICHARD LISITANO TRUSTEE 1.00
Director
$0 $284,504 $978,076
JOSHUA MORRIS TREASURER 1.00
Officer
$0 $50,293 $578,066
KATHLEEN O'LEARY TRUSTEE 1.00
Director
$0 $56,496 $483,710
KAREN DESANTIS ADMINISTRATOR 40.00
Officer
$185,055 $44,507 $229,562
FARIDA SAMED RN 40.00
Highest
$139,214 $42,151 $181,365
BRANDIE MILLOVITSCH RN 40.00
Highest
$129,281 $29,862 $159,143
ANNE MARIE WRIGHT RN 40.00
Highest
$125,491 $22,368 $147,859
LAUREN STACK RN 40.00
Highest
$112,484 $35,312 $147,796
MICHELE BERGIN RN 40.00
Highest
$112,874 $32,358 $145,232
MAUREEN ANDERSON FORMER OFFICER 0.00
$0 $0 $118,596
SHANNA REELS CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
SHARON ARNOLD TRUSTEE 1.00
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
2024 $12,455,639 $15,174,871 $30,672,039 $-2,719,232
2023 $13,286,227 $15,484,078 $30,830,338 $-2,197,851
2022 $15,127,094 $15,203,845 $32,547,027 $-76,751
2021 $16,861,051 $17,340,593 $38,499,995 $-479,542
2020 $17,245,104 $18,620,203 $35,601,025 $-1,375,099
2019 $18,494,758 $18,279,867 $31,458,657 $214,891
2018 $23,817,298 $18,228,753 $31,109,082 $5,588,545
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