VOLUNTEERS OF AMERICA NATIONAL SERVICES (EIN 411467162) - 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

JOSEPH BUDZYNSKI

Phone

9529410305

Tax Period

2023-07-01 to 2024-06-30

VOLUNTEERS OF AMERICA NATIONAL SERVICES, founded in 1982, is a mid-sized nonprofit that reported $85.8M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.6M, a strong 17% operating margin.

Mission

ESTABLISHED IN 1896, VOLUNTEERS OF AMERICA IS A NATIONAL, NONPROFIT, FAITH-BASED ORGANIZATION PROVIDING SERVICES SUCH AS HOUSING AND HEALTHCARE TO MORE THAN 2 MILLION PEOPLE IN OVER 400 COMMUNITIES EACH YEAR. IN SUPPORT OF THAT MISSION, VOA NATIONAL SERVICES WAS ORGANIZED AND IS OPERATED TO ENGAGE IN, SUPPORT, PROMOTE, DEVELOP AND ADMINISTER HEALTH AND HEALTH-RELATED SERVICES, HOUSING, AND SUPPORTIVE SERVICES TO SENIORS AND DISABLED INDIVIDUALS.

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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 $56,503,714

Program Service Revenue $29,301,834

Investment Income $2,014,450

Other Revenue $-2,000,000

TOTAL REVENUE $85,819,998

Expense Breakdown

Grants Paid $19,607,461

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,485,247

Other Expenses $51,640,092

TOTAL EXPENSES $71,247,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,819,998	$54,902,040	+0.6%
Expenses	$71,247,553	$50,417,179	+0.4%
Net Income	$14,572,445	$4,484,861	+2.2%

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

N/A

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

$3,236,490

Total Directors

$825,085

Key Employees

$351,198

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	3.00	Officer Director	$0	$179,300	$825,085
RASE NANCY	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
PERKINSDERRICK	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ERICKSON KAREN	TREASURER	0.10	Officer Director	$0	$0	$0
EDEBURN ANDY	SECRETARY	0.10	Officer Director	$0	$0	$0
ARNOLD PATTI	DIRECTOR	0.10	Director	$0	$0	$0
BLOOM SHAWN	DIRECTOR	0.10	Director	$0	$0	$0
CARRINGTON EDWINA	DIRECTOR	0.10	Director	$0	$0	$0
HACKETT KAREN	DIRECTOR	0.10	Director	$0	$0	$0
KNAPP KEITH	DIRECTOR	0.10	Director	$0	$0	$0
MULLEN BETH	DIRECTOR	0.10	Director	$0	$0	$0
PETERSON JEANNE	DIRECTOR	0.10	Director	$0	$0	$0
SHERIDAN PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
VIGEE VORIS	DIRECTOR	0.10	Director	$0	$0	$0
VIGILANCE PIERRE	DIRECTOR	0.10	Director	$0	$0	$0
BUDZYNSKI JOSEPH A	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$108,473	$449,025
KING KIMBERLY B	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$72,837	$505,657
DESJARDINS PETER J	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$40,162	$298,349
PASKOFF DAVID W	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$17,712	$185,098
GAVIN NANCY A	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$95,108	$275,370
NUTZ FAITH A	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$20,965	$159,860
NISIVOCCIA DAVID	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$4,998	$220,517
SOCZYNSKI PAUL F	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$26,987	$317,529
NICKELL JACCI J	SENIOR VICE PRESIDENT, HEALTHCARE	3.00	Key Emp	$0	$93,643	$351,198

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	$85,819,998	$71,247,553	$132,725,526	$14,572,445
2023	$54,902,040	$50,417,179	$128,425,847	$4,484,861
2022	$39,403,968	$43,119,237	$117,567,437	$-3,715,269
2021	$41,100,213	$32,905,572	$108,913,557	$8,194,641
2020	$28,238,087	$26,333,183	$102,078,690	$1,904,904
2019	$26,698,674	$26,501,102	$84,567,114	$197,572
2018	$29,382,680	$26,766,623	$83,299,144	$2,616,057

VOLUNTEERS OF AMERICA NATIONAL SERVICES