VNA HEALTH GROUP OF NEW JERSEY LLC (EIN 474841103) - 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

2015

Legal Domicile

Principal Officer

CHRISTOPHER RINN CEO

Phone

7322246868

Tax Period

2023-01-01 to 2023-12-31

VNA HEALTH GROUP OF NEW JERSEY LLC, founded in 2015, is a major nonprofit in the Health Care sector that reported $141.3M in total revenue in fiscal year 2023. Expenses of $133.1M left a modest 6% surplus.

Mission

THE ORGANIZATION IS A CERTIFIED HOME HEALTH AGENCY THAT PROVIDES HOME HEALTH AND HOSPICE CARE SERVICES TO RESIDENTS OF ITS SERVICE AREAS.

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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 $3,254,448

Program Service Revenue $137,810,788

Investment Income $249,773

Other Revenue $0

TOTAL REVENUE $141,315,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,624,356

Fundraising Expenses $67,332

Program Expenses $95,059,916

Other Expenses $38,467,441

TOTAL EXPENSES $133,091,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,315,009	$145,529,620	0.0%
Expenses	$133,091,797	$134,774,297	0.0%
Net Income	$8,223,212	$10,755,323	-0.2%

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

N/A

Employees

1205

Volunteers

405

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

$5,919,177

Total Directors

$6,634,727

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A BIGA FACHE	CHAIR	5.0	Officer Director	$0	$630,360	$3,791,398
MATTHEW S FULTON FACHE	TRUSTEE	5.0	Director	$0	$156,802	$1,002,190
STEVEN H LANDERS MD MPH	VICE CHAIR (TERMED)	20.0	Officer	$0	$31,935	$689,794
PETER GAYLORD MBA	TREASURER	15.0	Officer Director	$0	$90,311	$653,636
JOHN CHIAPPINELLI ESQ	SECRETARY	15.0	Officer Director	$0	$62,126	$428,511
ELLEN M GUSICK RN BSN	PRESIDENT HOME HEALTH & CNO	20.0	Director	$345,558	$57,596	$403,154
CHRISTOPHER RINN	VICE CHAIR	20.0	Officer Director	$0	$61,884	$355,838
MARIANNE M HOLLER DO	CHIEF MEDICAL OFFICER	50.0	Highest	$282,627	$21,599	$304,226
SEEMA N VARMA MD	Med Dir Hos/Pall Care Pro	50.0	Highest	$263,344	$31,020	$294,364
VANDANA SHARMA	Med Dir Hos/Pall Care Pro	50.0	Highest	$238,012	$24,557	$262,569
AUDREY B RADIN	ASSOC. CHIEF MEDICAL OFFICER	50.0	Highest	$238,075	$19,506	$257,581
SHIRA GOLDBERG TERMED	Med Dir Hos/Pall Care Pro	50.0	Highest	$240,418	$8,574	$248,992

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	$141,315,009	$133,091,797	$144,877,237	$8,223,212
2022	$145,529,620	$134,774,297	$145,120,679	$10,755,323
2021	$153,128,223	$136,396,825	$147,282,061	$16,731,398
2020	$155,530,886	$134,846,560	$152,879,003	$20,684,326
2019	$148,335,014	$132,804,267	$136,328,261	$15,530,747
2018	$141,929,396	$126,970,146	$142,051,661	$14,959,250

VNA HEALTH GROUP OF NEW JERSEY LLC