HOLY REDEEMER VISITING NURSE AGENCY INC (EIN 222424253) - 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

1982

Legal Domicile

Principal Officer

MICHAEL B LAIGN

Phone

6094652082

Tax Period

2022-07-01 to 2023-06-30

HOLY REDEEMER VISITING NURSE AGENCY INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $17.7M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $49.5M represent 34 months of operating reserves.

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 (2022)

Revenue Breakdown

Contributions & Grants $194,784

Program Service Revenue $16,828,615

Investment Income $691,535

Other Revenue $1,326

TOTAL REVENUE $17,716,260

Expense Breakdown

Grants Paid $1,347

Salaries & Benefits $10,211,318

Fundraising Expenses $0

Program Expenses $15,248,583

Other Expenses $7,478,876

TOTAL EXPENSES $17,691,541

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,716,260	$24,489,222	-0.3%
Expenses	$17,691,541	$18,869,412	-0.1%
Net Income	$24,719	$5,619,810	-1.0%

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

208

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

$2,398,456

Total Directors

$1,804,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL B LAIGN	BOARD MEMBER, PRESIDENT/CE	2.40	Officer Director	$34,000	$23,945	$732,261
CARL ROSENBAUM MD	BOARD MEMBER	1.30	Director	$11,017	$29,431	$580,278
DONALD F FRIEL	BOARD MEMBER, ASST TREASUR	2.40	Officer Director	$18,679	$100,192	$489,329
MICHELE UROFSKY	CHAIRMAN	0.50	Officer Director	$0	$2,729	$2,729
MICHAEL KEEN	ASST TREASURER/CFO	0.01	Officer	$20,343	$44,270	$468,068
ALAN ROSENBERG	EXEC VP	7.50	Officer	$51,333	$66,784	$340,556
GEORGE HAMILTON	TREASURER, VP FINANCE	9.40	Officer	$31,497	$74,989	$209,649
CRISTINA PEOPLES	CORPORATE SECRETARY	0.01	Officer	$0	$27,398	$98,707
EILEEN SMITH	ASST SECRETARY	9.40	Officer	$12,798	$2,443	$57,157
THOMAS HARRIS	SENIOR VP, GENERAL COUNSEL	1.90	Highest	$18,896	$95,227	$488,892
DONALD W FOX	SENIOR VP	1.90	Highest	$12,905	$71,148	$339,997
JOSEPH TAYLOR	SVP POPULATION HEALTH/EXEC	1.90	Highest	$14,540	$59,901	$362,812
JOSEPH CASSIDY RN	VP HUMAN RESOURCES (UNTIL 12/21)	1.90		$8,141	$550	$170,153
KAREN RENSON RN	VP, CQO/CSO (UNTIL 12/21)	1.90		$7,659	$22,562	$182,120

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$17,716,260	$17,691,541	$52,330,982	$24,719
2022	$24,489,222	$18,869,412	$125,503,646	$5,619,810
2021	$27,081,096	$22,102,168	$118,325,626	$4,978,928
2020	$26,378,897	$24,976,386	$98,484,748	$1,402,511
2019	$29,986,289	$26,858,515	$77,447,635	$3,127,774
2018	$30,388,021	$28,957,087	$59,926,937	$1,430,934

HOLY REDEEMER VISITING NURSE AGENCY INC