VNA HOME HEALTH SERVICES INC

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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

1992

Legal Domicile

Principal Officer

Michael J Dowling

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

VNA HOME HEALTH SERVICES INC, founded in 1992, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

VNA HOME HEALTH SERVICES' MISSION IS TO IMPROVE THE QUALITY OF THEIR PATIENTS' LIVES BY PROVIDING COMPASSIONATE SERVICES THAT SUPPORT CARE, COMFORT AND INDEPENDENCE. THIS IS ACCOMPLISHED BY COORDINATING AND DELIVERING THE SERVICES NEEDED TO ASSIST PATIENTS WITH THEIR IN-HOME MEDICAL NEEDS AND THE ACTIVITIES OF DAILY LIFE.

Program Service Accomplishments

Program 1

Expenses: $3,622,121 Revenue: $3,139,702

VNA Home Health Services, Inc. is an affiliated member of NORTHWELL HEALTH, INC. ("NORTHWELL"). AGENCY PERSONNEL DIRECTLY PROVIDE NURSING SERVICES, HOME HEALTH AIDE, PERSONAL CARE ASSISTANCE AND...

VNA Home Health Services, Inc. is an affiliated member of NORTHWELL HEALTH, INC. ("NORTHWELL"). AGENCY PERSONNEL DIRECTLY PROVIDE NURSING SERVICES, HOME HEALTH AIDE, PERSONAL CARE ASSISTANCE AND NUTRITION SERVICES IN THE PATIENT'S HOME. It strives to make a measurable difference in the health status of the communities it serves by providing comprehensive health care regardless of ability to pay.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,139,702

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,139,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,582,068

Fundraising Expenses $0

Program Expenses $3,622,121

Other Expenses $655,931

TOTAL EXPENSES $4,237,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,139,702	$3,466,567	-0.1%
Expenses	$4,237,999	$4,382,992	0.0%
Net Income	$-1,098,297	$-916,425	+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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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

$17,091,610

Total Directors

$8,049,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	CEO	0.0	Officer	$0	$70,612	$9,042,544
MARK SOLAZZO	Chairman	0.0	Officer Director	$0	$63,855	$3,710,066
MICHELE CUSACK	CFO & Treasurer	0.0	Officer Director	$0	$78,507	$1,696,458
LAURENCE KRAEMER	Secretary	0.0	Officer Director	$0	$69,888	$1,372,753
MERRYL SIEGEL	Vice Chairman	0.0	Officer Director	$0	$67,969	$1,269,789
CHARLOTTE SMITH	Director, Home Care	50.0	Highest	$153,011	$30,250	$183,261
MARY PITTS	Manager, Home Care	50.0	Highest	$131,722	$28,972	$160,694

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	No data	No data	No data	No data
2023	$3,139,702	$4,237,999	$1,189,461	$-1,098,297
2022	$3,466,567	$4,382,992	$1,406,877	$-916,425
2021	$3,456,677	$4,404,937	$1,269,136	$-948,260
2020	$4,090,332	$4,701,857	$1,352,394	$-611,525
2019	$3,793,780	$5,209,070	$1,627,431	$-1,415,290
2018	$3,978,325	$4,718,642	$5,175,648	$-740,317