THE VISITING NURSE FOUNDATION (EIN 470690846) - 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

1986

Legal Domicile

Principal Officer

CAROLE PATRICK

Phone

4023425566

Tax Period

2023-01-01 to 2023-12-31

THE VISITING NURSE FOUNDATION, founded in 1986, is a small nonprofit in the Health Care sector that reported $787K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $743K left a modest 6% surplus.

Mission

TO AID THE VISITING NURSE ASSOCIATION OF THE MIDLANDS AND THE VISITING NURSE HEALTH SERVICES.

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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 $236,481

Program Service Revenue $0

Investment Income $580,762

Other Revenue $-29,775

TOTAL REVENUE $787,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $227,143

Program Expenses $411,683

Other Expenses $743,186

TOTAL EXPENSES $743,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$787,468	$682,104	+0.2%
Expenses	$743,186	$730,230	+0.0%
Net Income	$44,282	$-48,126	-1.9%

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

100

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

$611,844

Total Directors

$429,394

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SUMMERFELT	PRESIDENT & CEO THRU 9/23	5.00	Officer Director	$0	$21,515	$268,206
DAVID VANLANDINGHAM	VP FINANCE/CFO	5.00	Officer	$0	$12,556	$182,450
CAROLE PATRICK	PRESIDENT & CEO	5.00	Officer Director	$0	$11,950	$161,188
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	$787,468	$743,186	$21,260,866	$44,282
2022	$682,104	$730,230	$19,584,732	$-48,126
2021	$603,394	$276,974	$11,482,510	$326,420
2020	$344,847	$253,935	$7,714,400	$90,912
2019	$223,280	$210,824	$4,560,549	$12,456
2018	$277,324	$210,682	$4,209,463	$66,642

THE VISITING NURSE FOUNDATION