SALEM AREA VISITING NURSE ASSOCIATION INC (EIN 340709901) - 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

1966

Legal Domicile

Principal Officer

BRENDA KAYS

Phone

3303329986

Tax Period

2024-07-01 to 2025-06-30

SALEM AREA VISITING NURSE ASSOCIATION INC, founded in 1966, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 43% operating deficit.

Mission

THE AGENCY PROVIDES HOME HEALTH SERVICES TO HOMEBOUND PATIENTS WHO ARE IN NEED OF SKILLED CARE ON A PERIODIC BASIS.

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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 $18,745

Program Service Revenue $985,929

Investment Income $38,309

Other Revenue $0

TOTAL REVENUE $1,042,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,205,365

Fundraising Expenses $0

Program Expenses $977,194

Other Expenses $290,296

TOTAL EXPENSES $1,495,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,983	$1,293,140	-0.2%
Expenses	$1,495,661	$1,691,007	-0.1%
Net Income	$-452,678	$-397,867	+0.1%

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

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

$106,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GIANGARDELLA	DIRECTOR	1.00	Director	$0	$0	$0
ANITA HACKSTEDDE	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE HICKEY	DIRECTOR	1.00	Director	$0	$0	$0
GINA APICELLA-DERMOTTA	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN GARAFALO	DIRECTOR	1.00	Director	$0	$0	$0
BRET APPLE	PRESIDENT	4.00	Officer	$0	$0	$0
CATHY HOFMEISTER	VICE PRESIDENT	4.00	Officer	$0	$0	$0
JOHN BERLIN	SECRETARY/TREASURER	4.00	Officer	$0	$0	$0
BRENDA KAYS	EXECUTIVE DIRECTOR	40.00	Officer	$103,754	$3,166	$106,920

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	$1,042,983	$1,495,661	$1,085,643	$-452,678
2024	$1,293,140	$1,691,007	$1,463,604	$-397,867
2023	$1,020,883	$2,084,942	$1,823,417	$-1,064,059
2022	$1,917,808	$2,182,878	$2,808,994	$-265,070
2021	$2,002,321	$2,182,742	$3,284,951	$-180,421
2020	$2,294,322	$2,504,933	$3,298,587	$-210,611
2019	$1,203,937	$1,776,673	$1,461,447	$-572,736

SALEM AREA VISITING NURSE ASSOCIATION INC