VIRTUA HOME CARE - COMMUNITY NURSI… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

DENNIS W PULLIN

Phone

8563550620

Tax Period

2024-01-01 to 2024-12-31

VIRTUA HOME CARE - COMMUNITY NURSING SERVICES INC, founded in 1957, is a mid-sized nonprofit in the Health Care sector that reported $29.4M in total revenue in fiscal year 2024. Revenue surged 832% from the prior year, signaling strong growth momentum. Expenses of $26.9M left a modest 8% surplus.

Mission

WE ARE DEDICATED TO PROVIDING EACH PATIENT AND THEIR FAMILY WITH AN OUTSTANDING EXPERIENCE AND TO ENSURING THE HIGHEST QUALITY HEALTHCARE FOR THE COMMUNITY. WE ARE COMMITTED TO PROVIDING OUR HEALTHCARE TEAM WITH RESOURCES, TECHNOLOGY AND TRAINING, AS WELL AS WITH OPPORTUNITIES FOR PROFESSIONAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $25,518,588 Revenue: $27,821,386

SPECIALTY PHARMACY REPRESENTS A UNIQUE CLASS OF MEDICATIONS USED TO TREAT PATIENTS WITH SERIOUS AND OFTEN LIFE-THREATENING CONDITIONS- CANCER, RHEUMATOID ARTHRITIS, HV/AIDS, MULTIPLE SCLEROSIS...

SPECIALTY PHARMACY REPRESENTS A UNIQUE CLASS OF MEDICATIONS USED TO TREAT PATIENTS WITH SERIOUS AND OFTEN LIFE-THREATENING CONDITIONS- CANCER, RHEUMATOID ARTHRITIS, HV/AIDS, MULTIPLE SCLEROSIS, CYSTIC FIBROSIS, ORGAN TRANSPLANTATION, AND HUMAN GROWTH DEFICIENCIES. THESE ARE DESCRIBED AS HIGH COST AND HIGH TOUCH MEDICATIONS THAT PATIENTS ARE REQUIRED TO TAKE FOR THE REST OF THEIR LIFE, WHICH CALL FOR MANDATORY FOLLOW-UP. THE VIRTUA SPECIALTY PROGRAM HAS THREE STRATEGIC AREAS OF FOCUS: EXPENSE REDUCTION/ EMPLOYEE PRESCRIPTION PLAN, VIRTUA TRANSPLANT PROGRAM, AND VMG SPECIALISTS. SPECIALTY PHARMACY IS THE CONTRACTED PHARMACY OF VIRTUA OUR LADY OF LOURDES WHICH IS A 340B FACILITY WHO PROVIDE EXTENSIVE HEALTHCARE SERVICES TO AN UNDERSERVED COMMUNITY.

Program 2

Expenses: $1,153,893 Revenue: $1,569,123

HEALTH PROMOTIONS SERVICES- THERE WERE 13,508 CLIENT CONTACTS MADE IN THE HEALTH PROMOTION SERVICES PROGRAM BY PUBLIC HEALTH NURSES AND SPECIAL CHILD HEALTH CASE MANAGERS. THESE CONTACTS OCCURRED AT THE CLINIC SETTING OR OFFICE SETTING AT BCHD, CORRECTIONAL FACILITIES, CLIENT'S HOMES, AS WELL IN NUMEROUS COMMUNITY SETTINGS, I.E. SCHOOLS, LIBRARIES, FIRE ACADEMY, HOUSES, TO NAME A FEW. IMMUNIZATION PROGRAM: THERE WERE 208 CLIENTS SEEN IN THE CLINIC WITH 466 IMMUNIZATIONS ADMINISTERED.TUBERCULOSIS (TB) PROGRAM: THERE WERE 53 DIRECT OBSERVATIONS OF CLIENTS' THERAPY SEEN IN THE HOME AND 1,409 WERE SKYPE VISITS OR FACE TIME FOR A TOTAL OF 1,462 ENCOUNTERS. THERE WERE 12 ACTIVE CASES DURING 2024.SEXUALLY TRANSMITTED DISEASE (STD) CLINIC: THERE WERE 150 CLINICS FOR 2024. 1,861 CLIENTS WERE SEEN IN THE CLINIC (1,068 MALES AND 793 FEMALES). LEAD SCREENINGS: THERE WERE 70 NURSING CASE MANAGEMENT AND ENVIRONMENTAL JOINT HOME VISITS AND 434 LEAD SCREENS. SPECIAL CHILD HEALTH SERVICES: THERE WERE 620 REFERRALS, 742 YEARLY AVERAGE OF ACTIVE CASES, 7,073 DIRECT CONTACTS BY TELEPHONE, LETTERS OR EMAIL. FLU: THERE WERE 826 FLU IMMUNIZATIONS GIVEN AT 23 SITES IN BURLINGTON COUNTY. ARCH PROGRAM (ACCESS TO REPRODUCTIVE CARE AND HIV SERVICES) 951 CLIENTS SEEN, 28 PLACE INTO TREATMENT, 717 INDIVIDUALS RECEIVED NARCAN TRAINING AND NARCAN KITS WERE DISTRIBUTED TO THOSE INDIVIDUALS. FENTANYL TEST STRIPS WERE GIVEN 396 AND 19 REPORTED NARCAN SAVES. COVID VACCINES GIVEN, 236 GIVEN AND 134 CLINICS COMPLETED. HIV TESTING AT THE CORRECTIONAL FACILITY: 387 SEEN, 144 TESTED, ALL NEGATIVE RESULTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,390,509

Investment Income $0

Other Revenue $0

TOTAL REVENUE $29,390,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,984,154

Fundraising Expenses $0

Program Expenses $26,672,481

Other Expenses $24,937,297

TOTAL EXPENSES $26,921,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,390,509	$3,152,285	+8.3%
Expenses	$26,921,451	$3,825,293	+6.0%
Net Income	$2,469,058	$-673,008	-4.7%

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

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

$5,727,949

Total Directors

$3,320,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS W PULLIN	PRESIDENT/CEO	0.20	Officer Director	$0	$65,233	$3,320,959
ROBERT M SEGIN	TREASURER - EVP/CFO	0.20	Officer	$0	$47,568	$1,406,709
LAUREN ROWINSKI	SECRETARY - SVP & CHIEF LE	0.20	Officer	$0	$49,835	$1,000,281
RITA S VETERANO	SVP INTEGRATED CARE MANAGER	0.00		$0	$47,621	$459,928
AGATHA REIDY	PATIENT CARE ADMINISTRATOR	32.90	Highest	$162,679	$65,472	$253,608
MICHAEL FIORE	MANAGER SPECIALTY PHARMACY	40.00	Highest	$187,887	$51,073	$238,960
ANN E JONES	NURSE PRACTITIONER	32.90	Highest	$93,199	$23,677	$134,859
ASHLEE CLARKE	PHARMACIST	40.00	Highest	$109,263	$19,618	$128,881
JUDITH M KRUPA	HH REGISTERED NURSE	32.90	Highest	$92,651	$5,562	$116,388
EDWARD CLOUES	CHAIR	0.20	Officer Director	$0	$0	$0
JAMES DWYER	VICE CHAIR	0.20	Officer Director	$0	$0	$0
PATRICIA CODEY	TRUSTEE	0.20	Director	$0	$0	$0
ELAINE DAMM	TRUSTEE	0.20	Director	$0	$0	$0
LESLIE DONATO	TRUSTEE	0.20	Director	$0	$0	$0
DAMIEN GHEE	TRUSTEE	0.20	Director	$0	$0	$0
GRAYLING JOHNSON	TRUSTEE	0.20	Director	$0	$0	$0
SANIAH JOHNSON	TRUSTEE	0.20	Director	$0	$0	$0
PRATAP KHEDKAR	TRUSTEE	0.20	Director	$0	$0	$0
GEORGE LYNN	TRUSTEE	0.20	Director	$0	$0	$0
FAYE MELOY	TRUSTEE	0.20	Director	$0	$0	$0
JOHN PARKER	TRUSTEE	0.20	Director	$0	$0	$0
ADOLFO PIPERNO	TRUSTEE	0.20	Director	$0	$0	$0
STACY ROBINSON	TRUSTEE	0.20	Director	$0	$0	$0
MARVIN SAMSON	TRUSTEE	0.20	Director	$0	$0	$0
CHARLES VILA	TRUSTEE	0.20	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	$29,390,509	$26,921,451	$20,941,686	$2,469,058
2023	$3,152,285	$3,825,292	$13,074,778	$-673,007
2022	$1,466,697	$1,786,526	$6,997,051	$-319,829
2021	$1,480,273	$1,711,484	$5,502,034	$-231,211
2020	$1,553,499	$1,749,877	$502,483	$-196,378
2019	$1,619,194	$1,875,208	$386,403	$-256,014
2018	$1,449,129	$1,714,896	$418,158	$-265,767

VIRTUA HOME CARE - COMMUNITY NURSING SERVICES INC