VISITING NURSE SERVICES OF CONNECTICUT INC

EIN: 060665196 501(c)(3)

Bridgeport, CT

Total Revenue
$11,861,403
Total Expenses
$13,097,345
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
1909
Legal Domicile
CT
Phone
2033663821
Tax Period
2019-07-01 to 2020-06-30

VISITING NURSE SERVICES OF CONNECTICUT INC, founded in 1909, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2019. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $13.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

Visiting Nurse Services of Connecticut, Inc., (VNS) a nonprofit health care provider, finds its mission in the provision of quality home health and hospice services to individuals, families and the communities it serves. VNS is committed to the development of a partnership with the patient in the delivery of comprehensive, compassionate care. Our competent and caring staff are driven to help patients reach their highest attainable health care outcomes. The VNS approach to care is guided by: A respect for the dignity and value of life. Patient centered satisfaction. Effective use of available resources. Responsive advocacy to develop innovative services. Dedicated leadership, which helps shape health care policies and services. VNS is committed to the promotion of health and the provision of quality care within a changing health care environment. Our corporate core HEART values of Humor, Excellence, Attitude, Respect and Teamwork are visible in all that we do.

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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 (2019)

Revenue Breakdown

Contributions & Grants $132,158
Program Service Revenue $11,767,541
Investment Income $-39,616
Other Revenue $1,320
TOTAL REVENUE $11,861,403

Expense Breakdown

Grants Paid $3,038
Salaries & Benefits $9,575,265
Fundraising Expenses $47,952
Program Expenses $11,082,644
Other Expenses $3,519,042
TOTAL EXPENSES $13,097,345

Year-over-Year Comparison

2019 2018 Change
Revenue $11,861,403 $26,002,512 -0.5%
Expenses $13,097,345 $27,601,620 -0.5%
Net Income $-1,235,942 $-1,599,108 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
422
Volunteers
N/A

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
8
$5,320,583
Total Directors
5
$4,600,612
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Johnson - Charles President Thru 06/30/20 2
Officer Director
$0 $171,314 $1,287,372
Orlando - Rocco MD Secretary Thru 06/30/20 2
Officer Director
$0 $101,003 $1,170,114
Church - Tracy Chair Thru 06/30/20 2
Officer Director
$0 $72,785 $1,107,313
Parisi - Rita SVP Community Network Thru 06/30/20 2
Officer Director
$0 $69,002 $635,358
Baranik - David VP Finance Thru 06/30/20 2
Officer Director
$0 $70,608 $400,455
Olson - Ann M President / Chief Executive Officer 40
Officer
$121,586 $32,575 $264,039
Nicolas F Edward Jr CPA Vice President / Chief Financial Officer 40
Officer
$96,543 $39,543 $242,076
Bodyk - Jeanne Executive Vice President and Administrator 40
Officer
$188,256 $25,600 $213,856
Markel - Pleshette M RN 40
Highest
$199,662 $0 $199,662
Klubek - Carol J LPN 40
Highest
$134,821 $11,058 $145,879
Sartor - Monica Regional Director 40
Highest
$128,186 $7,229 $135,415
Wright - Matgorzata RN 40
Highest
$123,134 $7,594 $130,728
Parks - Gayle RN 40
Highest
$122,768 $396 $123,164
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
2020 $11,861,403 $13,097,345 No data $-1,235,942
2019 $26,002,512 $27,601,620 $13,603,375 $-1,599,108
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