SHRIVER NURSING SERVICES INC

EIN: 542063425 501(c)(3) Health Care

WESTBOROUGH, MA

Total Revenue
$17,236,687
Total Expenses
$12,867,374
Total Assets
$15,388,593
Net Assets
$14,168,522
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MA
Principal Officer
CAROLYN BRENNAN
Phone
5084750493
Tax Period
2024-07-01 to 2025-06-30

SHRIVER NURSING SERVICES INC, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $17.2M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 25% operating margin.

Mission

TO PROVIDE HOME HEALTH SERVICES, INCLUDING BUT NOT LIMITED TO NURSING SERVICES, TO MEDICALLY COMPLEX CHILDREN AND ADULTS, MANY OF WHOM ARE DEVELOPMENTALLY DISABLED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,230,360
Investment Income $323,471
Other Revenue $2,682,856
TOTAL REVENUE $17,236,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,955,682
Fundraising Expenses $0
Program Expenses $10,933,524
Other Expenses $911,692
TOTAL EXPENSES $12,867,374

Year-over-Year Comparison

2024 2023 Change
Revenue $17,236,687 $11,903,545 +0.4%
Expenses $12,867,374 $10,998,258 +0.2%
Net Income $4,369,313 $905,287 +3.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
172
Volunteers
N/A

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
4
$325,440
Total Directors
8
$325,740
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN BRENNAN TREASURER 40.00
Officer Director
$239,884 $41,148 $281,032
JULIE KHOURIE NURSE STAFF 40.00
Highest
$237,852 $19,583 $257,435
MARIE HARDY NURSE STAFF 40.00
Highest
$158,038 $41,270 $199,308
CARYL ANDRADE NURSE STAFF 40.00
Highest
$187,955 $0 $187,955
ANDREA HOWE NURSE STAFF 40.00
Highest
$131,811 $37,417 $169,228
MONICA BANKS NURSE STAFF 40.00
Highest
$159,343 $0 $159,343
ANDRE BLANCHET PRESIDENT 2.00
Officer Director
$44,408 $0 $44,408
DAVID COULTER DIRECTOR 2.00
Director
$300 $0 $300
DANIEL KALUS CLERK 2.00
Officer Director
$0 $0 $0
PATRICIA LUCE CLERK 2.00
Officer Director
$0 $0 $0
JACQUES PELLETIER DIRECTOR 2.00
Director
$0 $0 $0
STEFFANI SANTIAGO DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH VALERIO 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
2025 $17,236,687 $12,867,374 $15,388,593 $4,369,313
2024 $11,903,545 $10,998,258 $10,510,508 $905,287
2023 $12,010,926 $10,319,437 $9,660,353 $1,691,489
2022 $11,112,348 $10,868,084 $7,911,594 $244,264
2021 $11,139,069 $8,845,468 $7,510,261 $2,293,601
2020 $10,461,883 $10,064,659 $7,190,132 $397,224
2019 $10,211,341 $9,916,915 $4,787,079 $294,426
2018 $9,622,035 $10,129,168 $4,482,601 $-507,133
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