VNA MANAGEMENT CORPORATION

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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

1987

Legal Domicile

Principal Officer

Ann Olson President

Phone

2035760002

Tax Period

2018-07-01 to 2019-06-30

VNA MANAGEMENT CORPORATION, founded in 1987, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

MANAGEMENT SERVICES PROVIDED FOR TWO HOME HEALTH CARE EXEMPT ORGANIZATIONS THAT ARE RELATED THROUGH COMMON CONTROL. THE PRESIDENT, CFO AND VP OF HUMAN RESOURCES CARRY OUT THESE SAME FUNCTIONS IN THE TWO ORGANIZATIONS MANAGED. THE ORGANIZATION'S MISSION IS TO FURTHER THE CHARITABLE MISSIONS OF THE TWO EXEMPT ORGANIZATIONS THAT IT MANAGES. THE ORGANIZATION BILLS THE ORGANIZATIONS IT MANAGES AT COST FOR THE SERVICES PROVIDED, NO PROFIT IS RECOGNIZED FOR THE MANAGEMENT SERVICES. During this FY, the parent organization VNA Corporations 06-1142892 was dissolved and full merged with Visiting Nurse Services of CT in November of 2018. Making them the sole corporate owner. In April of 2019 the Visiting Nurse Servcies of CT became affiliated with Hartford HealthCare at Home. At June 30th, 2019 VNA Management equity balances were merged with Visiting Nurse Services of CT.

Program Service Accomplishments

Program 1

Expenses: $1,003,534 Revenue: $1,003,534

HOME HEALTH CARE: PROMOTE THE CHARITABLE AND EDUCATIONAL PURPOSES OF TWO NONPROFIT CHARITABLE ORGANIZATIONS BY PROVIDING MANAGEMENT SERVICES. ALL ENTITIES FOR WHICH THESE SERVICES ARE PROVIDED ARE...

HOME HEALTH CARE: PROMOTE THE CHARITABLE AND EDUCATIONAL PURPOSES OF TWO NONPROFIT CHARITABLE ORGANIZATIONS BY PROVIDING MANAGEMENT SERVICES. ALL ENTITIES FOR WHICH THESE SERVICES ARE PROVIDED ARE EXEMPT UNDER SECTION 501(C)(3). THE SERVICES PROVIDED INCLUDE ADMINISTRATIVE, STRATEGIC PLANNING, FINANCIAL OVERSIGHT, EMPLOYEE RELATIONS AND BENEFITS MANAGEMENT AND INFORMATION TECHNOLOGY SERVICES. THESE SERVICES ARE PROVIDED AT COST TO THESE ORGANIZATIONS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,003,534

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,003,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $996,104

Fundraising Expenses $0

Program Expenses $1,003,534

Other Expenses $7,430

TOTAL EXPENSES $1,003,534

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,003,534	$1,143,991	-0.1%
Expenses	$1,003,534	$1,143,991	-0.1%
Net Income	$0	$0	N/A

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

N/A

Employees

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

$3,993,481

Total Directors

$3,379,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN F TIBBITTS	SECRETARY Thur 04-01-2019	2	Director	$0	$0	$0
ROBERT	TREASURER Thur 04-01-2019	2	Director	$0	$0	$0
MATTHEW FAIR	CHAIRMAN Thur 04-01-2019	2	Director	$0	$0	$0
PAUL MAYER	VICE CHAIRMAN Thur 04-01-2019	2	Director	$0	$0	$0
ANN OLSON	PRESIDENT Thur 04-01-2019	2	Officer Director	$224,392	$48,732	$273,124
Church - Tracy Anne	Chair From 04 01 2019	2	Officer Director	$0	$71,437	$160,938
Johnson-Charles Leonard III	President From 04 01 2019	2	Officer Director	$0	$159,176	$1,245,510
Orlando - Rocco III	Secretary From 04 01 2019	2	Officer Director	$0	$83,987	$1,103,379
Parisi Rita Ann	Director From 04 01 2019	2	Officer Director	$0	$69,511	$596,093
Baranik - David	VP Finance From 04 01 2019	2	Officer	$0	$70,500	$393,595
F EDWARD NICOLAS JR	VP/CFO Thur 04-01-2019	2	Officer	$179,471	$41,371	$220,842
JOY ANGELONE	DIRECTOR OF HUMAN RESOURCES	2	Highest	$120,535	$10,367	$130,902
JAMES BURN	DIRECTOR IT SERVICES	2	Highest	$110,333	$1,453	$111,786

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
2019	$1,003,534	$1,003,534	No data	No data