VOA REHABILITATION CENTERS INC (EIN 463725132) - 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

2013

Legal Domicile

Principal Officer

JOSEPH BUDZYNSKI

Phone

9529410305

Tax Period

2023-07-01 to 2024-06-30

VOA REHABILITATION CENTERS INC, founded in 2013, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $9.7M exceeded revenue, resulting in a 22% operating deficit.

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 REHABILITATION CENTERS, INC. WAS ORGANIZED AND IS OPERATED TO ENGAGE IN, ADVANCE, SUPPORT, PROMOTE, AND ADMINISTER HEALTH AND HEALTH-RELATED SERVICES AND SUPPORTIVE SERVICES TO SENIORS AND INDIVIDUALS WITH BEHAVIORAL HEALTH NEEDS.

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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 $0

Program Service Revenue $7,687,324

Investment Income $261,927

Other Revenue $0

TOTAL REVENUE $7,949,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,538,630

Fundraising Expenses $0

Program Expenses $9,335,414

Other Expenses $5,147,294

TOTAL EXPENSES $9,685,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,949,251	$9,734,953	-0.2%
Expenses	$9,685,924	$9,805,321	0.0%
Net Income	$-1,736,673	$-70,368	+23.7%

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

$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 ANDREW	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	$7,949,251	$9,685,924	$20,431,672	$-1,736,673
2023	$9,734,953	$9,805,321	$16,098,770	$-70,368
2022	$8,644,106	$8,708,681	$16,123,561	$-64,575
2021	$8,449,252	$8,194,143	$16,227,927	$255,109
2020	$8,879,594	$9,007,461	$16,566,845	$-127,867
2019	$8,641,537	$8,832,186	$17,164,210	$-190,649
2018	$7,931,398	$8,262,838	$17,365,364	$-331,440

VOA REHABILITATION CENTERS INC