Visiting Nurse Association of Indian River County Inc (EIN 591645497) - 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

1975

Legal Domicile

Principal Officer

Lundy Fields

Phone

7725675551

Tax Period

2023-10-01 to 2024-09-30

Visiting Nurse Association of Indian River County Inc, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $10.2M in total revenue in fiscal year 2023. Expenses of $11.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide compassionate, innovative care of the highest quality for patients and caregivers.

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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 $396,898

Program Service Revenue $9,818,718

Investment Income $90

Other Revenue $0

TOTAL REVENUE $10,215,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,562,648

Other Expenses $11,396,719

TOTAL EXPENSES $11,396,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,215,706	$9,808,538	+0.0%
Expenses	$11,396,719	$11,582,276	0.0%
Net Income	$-1,181,013	$-1,773,738	-0.3%

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

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

$516,311

Total Directors

$290,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Stengel	Chairman	5.00	Officer Director	$0	$0	$0
Susan P Rodgers	Vice Chairman	5.00	Officer Director	$0	$0	$0
Jack Weisbaum	Treasurer	5.00	Officer Director	$0	$0	$0
Angelia Perry	Secretary	2.00	Officer Director	$0	$0	$0
Kathy Hendrix	Director	1.00	Director	$0	$0	$0
Lundy Fields	President/CEO	10.00	Officer Director	$0	$30,847	$290,350
Daniel Bach	CFO	10.00	Officer	$0	$28,016	$225,961

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	$10,215,706	$11,396,719	$1,304,739	$-1,181,013
2023	$9,808,538	$11,582,276	$1,041,386	$-1,773,738
2022	$10,048,084	$11,925,701	$1,446,276	$-1,877,617
2021	$11,055,720	$13,031,384	$1,262,114	$-1,975,664
2020	$10,868,920	$11,674,768	$1,485,180	$-805,848
2019	$10,152,434	$10,560,224	$1,276,492	$-407,790
2018	$9,587,771	$10,496,452	$1,291,531	$-908,681

Visiting Nurse Association of Indian River County Inc