VISITING NURSE ASSOCIATION HEALTH CARE SERVICES INC (EIN 135562377) - Form 990 Financial Analysis & Trantor Score

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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

1928

Legal Domicile

Principal Officer

HOPE ILICETO RN

Phone

7188163510

Tax Period

2023-01-01 to 2023-12-31

VISITING NURSE ASSOCIATION HEALTH CARE SERVICES INC, founded in 1928, is a community nonprofit in the Health Care sector that reported $5.4M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $9.9M exceeded revenue, resulting in a 85% operating deficit.

Mission

TO PROVIDE THE HIGHEST QUALITY THERAPEUTIC, SUPPORT AND PREVENTIVE HEALTH CARE SERVICES OUTSIDE THE HOSPITAL SETTING AS AN INDEPENDENT HEALTH CARE AGENCY.

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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 $79,834

Program Service Revenue $5,241,739

Investment Income $45,943

Other Revenue $0

TOTAL REVENUE $5,367,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,980,125

Fundraising Expenses $0

Program Expenses $8,675,342

Other Expenses $3,928,931

TOTAL EXPENSES $9,909,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,367,516	$10,066,002	-0.5%
Expenses	$9,909,056	$10,999,306	-0.1%
Net Income	$-4,541,540	$-933,304	+3.9%

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

Employees

119

Volunteers

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

$2,927,309

Total Directors

$2,586,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL J MESSINA PHD MPA	SECRETARY - DIRECTOR	55.0	Officer Director	$0	$235,757	$1,745,395
DAVID MURRAY MBA FHFMA	TREASURER - DIRECTOR - SVP/CFO	55.0	Officer Director	$0	$151,126	$841,120
HOPE ILICETO RN	PRESIDENT & CEO	55.0	Officer	$0	$68,151	$340,794
LORI ANN YOFFREDO	PATIENT SERVICE SUPERVISOR	55.0	Highest	$158,689	$32,634	$191,323
ROSE MARIE BELFINI	FORMER OFFICER	55.0		$128,393	$33,099	$161,492
MARLON CANCIO	OCCUPATIONAL THERAPIST	55.0	Highest	$128,658	$32,019	$160,677
MAHFUZUL KHAN RN	REGISTERED NURSE	55.0	Highest	$110,404	$28,180	$138,584
DEIDRE INNAMORATO RN	REGISTERED NURSE	55.0	Highest	$109,193	$28,099	$137,292
JACQUELINE CARABALLO RN	REGISTERED NURSE	55.0	Highest	$108,730	$27,356	$136,086
RONALD A PURPORA	CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
KATHERINE CONNORS PT MPH	VICE CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
SUSAN LEWIS	DIRECTOR	1.0	Director	$0	$0	$0
DR PATRICIA TOOKER	DIRECTOR	1.0	Director	$0	$0	$0
JACK OEHM	DIRECTOR (TERM 2/23)	1.0	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	No data	No data	No data	No data
2023	$5,367,516	$9,909,056	$2,629,332	$-4,541,540
2022	$10,066,002	$10,999,306	$3,901,027	$-933,304
2021	$11,835,541	$11,363,437	$2,359,689	$472,104
2020	$10,422,463	$10,922,795	$4,534,949	$-500,332
2019	$11,141,718	$12,973,202	$4,271,860	$-1,831,484
2018	$10,978,856	$12,426,563	$4,743,711	$-1,447,707

VISITING NURSE ASSOCIATION HEALTH CARE SERVICES INC