VISITING NURSE AND HEALTH SERVICES INC (EIN 221501364) - 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

1968

Legal Domicile

Principal Officer

GREGORY T WOZNIAK

Phone

8569399000

Tax Period

2024-07-01 to 2025-06-30

VISITING NURSE AND HEALTH SERVICES INC, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $10.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $14.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

FOR NURSES AND THERAPISTS TO PROVIDE PERSONALIZED HOMECARE IN CONJUNCTION WITH A PHYSICIAN'S PLAN

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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 $705,687

Program Service Revenue $3,148,542

Investment Income $6,691,244

Other Revenue $296

TOTAL REVENUE $10,545,769

Expense Breakdown

Grants Paid $8,789,474

Salaries & Benefits $2,339,202

Fundraising Expenses $0

Program Expenses $12,049,534

Other Expenses $3,180,816

TOTAL EXPENSES $14,309,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,545,769	$11,396,491	-0.1%
Expenses	$14,309,492	$11,040,873	+0.3%
Net Income	$-3,763,723	$355,618	-11.6%

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

$2,477,574

Total Directors

$2,180,651

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL B LAIGN UNTIL 1024	BOARD MEMBER, PRESIDENT/CEO	1.70	Officer Director	$22,275	$43,023	$798,107
CARL ROSENBAUM MD	BOARD MEMBER	1.30	Director	$2,975	$32,299	$181,055
DONALD F FRIEL UNTIL 1225	BOARD MEMBER, ASST TREASUR	1.70	Officer Director	$24,696	$29,513	$866,655
MICHELE UROFSKY	CHAIRMAN	0.50	Officer Director	$0	$0	$0
GARRICK STOLDT	BOARD MEMBER	0.01	Director	$0	$0	$0
GREGORY WOZNIAK AS OF 0724	BOARD MEMBER, PRESIDENT/CEO	1.70	Officer Director	$8,501	$46,677	$334,834
MICHAEL KEEN 0525	ASST TREASURER/CFO	1.20	Officer	$10,762	$31,777	$396,597
KAREN PRICE OWEN	VP MARKETING	1.20	Officer	$0	$0	$0
CRISTINA PEOPLES	CORPORATE SECRETARY	0.01	Officer	$0	$10,143	$81,381
THOMAS HARRIS UNTIL 0525	SENIOR VP, GENERAL COUNSEL	1.20	Highest	$12,973	$78,027	$517,772
DONALD W FOX	SENIOR VP	1.20	Highest	$8,742	$56,662	$352,988
JOSEPH TAYLOR	SVP POPULATION HEALTH/EXEC	1.20	Highest	$9,347	$50,143	$366,977
JACK DEMPSTER	VP CONSTRUCTION-FACILITIES	1.20	Highest	$5,604	$23,153	$213,101
SHARON GLOGOWSKI	VP IN-HOUSE COUNSEL, CCO	1.20	Highest	$5,536	$1,875	$189,533

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
2025	$10,545,769	$14,309,492	$5,630,831	$-3,763,723
2024	No data	No data	No data	No data
2023	$11,579,355	$11,452,749	$42,556,870	$126,606
2022	$13,829,531	$11,097,859	$178,489,865	$2,731,672
2021	$11,896,761	$12,074,033	$167,204,879	$-177,272
2020	$12,529,056	$13,294,403	$3,534,970	$-765,347
2019	$13,694,918	$14,775,583	$4,531,019	$-1,080,665
2018	$13,855,805	$14,823,392	$4,427,492	$-967,587

VISITING NURSE AND HEALTH SERVICES INC