VNA MANAGEMENT CORPORATION

EIN: 061246818 501(c)(3)

BRIDGEPORT, CT

Total Revenue
$1,003,534
Total Expenses
$1,003,534
Total Assets
N/A
Net Assets
N/A
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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
CT
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

PROVIDE MANAGEMENT SERVICES TO TWO NONPROFIT CHARITABLE ORGANIZATIONS, WHICH SERVE THE ELDERLY AND INDIGENT. ONE ORGANIZATION PROVIDES HOME HEALTH CARE AND HOSPICE SERVICES. THE OTHER ORGANIZATION PROVIDES HOME CARE SERVICES. THE TWO ORGANIZATIONS MANAGED ARE RELATED THROUGH COMMON CONTROL AND THE MANAGEMENT SERVICES ARE PROVIDED AT COST. At the End of FY 2019 VNA Management was full merged into Visiting Nurse Services of CT Ind 06-0665196

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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 (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

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Governance

Voting Members
5
Independent Members
N/A
Employees
6
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
7
$3,993,481
Total Directors
9
$3,379,044
Key Employees
0
$0
Highest Compensated
2
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
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