THE VISITING NURSE ASSOCIATION OF THE MIDLANDS

EIN: 470690207 501(c)(3)

OMAHA, NE

Total Revenue
$3,667,500
Total Expenses
$3,747,084
Total Assets
$24,800,285
Net Assets
$23,448,167
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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
1986
Legal Domicile
NE
Principal Officer
CAROLE PATRICK
Phone
4023425566
Tax Period
2023-01-01 to 2023-12-31

THE VISITING NURSE ASSOCIATION OF THE MIDLANDS, founded in 1986, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Net assets of $23.4M represent 77 months of operating reserves.

Mission

TO FOSTER THE DIGNITY AND WELL-BEING OF THE RESIDENTS OF OUR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,610
Program Service Revenue $3,220,971
Investment Income $424,919
Other Revenue $0
TOTAL REVENUE $3,667,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,271,664
Fundraising Expenses $507,920
Program Expenses $1,320,554
Other Expenses $1,475,420
TOTAL EXPENSES $3,747,084

Year-over-Year Comparison

2023 2022 Change
Revenue $3,667,500 $3,739,749 0.0%
Expenses $3,747,084 $4,250,438 -0.1%
Net Income $-79,584 $-510,689 -0.8%
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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Governance

Voting Members
5
Independent Members
4
Employees
63
Volunteers
4

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
7
$611,844
Total Directors
6
$429,394
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES SUMMERFELT PRESIDENT & CEO THRU 9/23 30.00
Officer Director
$246,691 $21,515 $268,206
DAVID VANLANDINGHAM VP FINANCE/CFO 30.00
Officer
$169,894 $12,556 $182,450
CAROLE PATRICK PRESIDENT & CEO 30.00
Officer Director
$149,238 $11,950 $161,188
TERESA BANKS VP HUMAN RESOURCES 20.00
Highest
$119,393 $3,519 $122,912
MARK MANN DIRECTOR ENTERPRISE OPERATIONS 20.00
Highest
$111,378 $3,337 $114,715
LAURA GROTHE HEAD PHARMACIST 40.00
Highest
$109,943 $3,298 $113,241
JASON HANSEN CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH MURPHY VICE CHAIR 1.00
Officer Director
$0 $0 $0
RICHARD SECOR SECRETARY 1.00
Officer Director
$0 $0 $0
SEAN WINEKAUF TREASURER 1.00
Officer 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 No data No data No data No data
2023 $3,667,500 $3,747,084 $24,800,285 $-79,584
2022 $3,739,749 $4,250,438 $21,181,019 $-510,689
2021 $34,105,411 $14,462,591 $21,774,408 $19,642,820
2020 $22,624,475 $22,306,180 $5,662,358 $318,295
2019 $22,151,440 $22,338,084 $4,462,940 $-186,644
2018 $23,501,132 $22,704,202 $4,829,291 $796,930
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