WATERLOO VISITING NURSING ASSOCIATION (EIN 420782546) - 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

1932

Legal Domicile

Principal Officer

ANNETTE BURKE

Phone

3192356201

Tax Period

2023-07-01 to 2024-06-30

WATERLOO VISITING NURSING ASSOCIATION, founded in 1932, is a small nonprofit that reported $571K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $657K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE HEALTH AND PROVIDE CARE SERVICES TO INDIVIDUALS, FAMILIES, AND THE COMMUNITY.

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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 $11,614

Program Service Revenue $559,175

Investment Income $674

Other Revenue $0

TOTAL REVENUE $571,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,895

Fundraising Expenses $0

Program Expenses $377,745

Other Expenses $191,199

TOTAL EXPENSES $657,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,463	$852,258	-0.3%
Expenses	$657,094	$934,656	-0.3%
Net Income	$-85,631	$-82,398	+0.0%

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

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

$161,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE BURKE	EXECUTIVE DIRECTOR	40.00	Officer	$57,789	$1,056	$58,845
MARY NICHOLAS	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$47,591	$1,462	$49,053
CAMILLE MOORE	FINANCIAL COORDINATOR	40.00	Officer	$32,423	$591	$33,014
HEATHER CARAWAY	FORMER FINANCIAL COORDINATOR	40.00	Officer	$20,305	$580	$20,885
JOHN WAGNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK VAUGHAN	TREASURER	2.00	Officer Director	$0	$0	$0
MEG SERNETT	SECRETARY	2.00	Officer Director	$0	$0	$0
EMILY SCHULDT	DIRECTOR	2.00	Director	$0	$0	$0
SALLY KELLY	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE HUMPHRIES	FORMER DIRECTOR	2.00	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	$571,463	$657,094	$36,849	$-85,631
2023	$852,258	$934,656	$330,838	$-82,398
2022	$1,065,940	$1,140,382	$272,079	$-74,442
2021	$1,099,254	$1,154,191	$348,025	$-54,937
2020	$1,140,792	$1,191,657	$419,953	$-50,865
2019	$1,271,644	$1,347,698	$445,139	$-76,054

WATERLOO VISITING NURSING ASSOCIATION