Visiting Nurse Association of Indian River County Inc

EIN: 591645497 501(c)(3) Health Care

Vero Beach, FL

Total Revenue
$10,215,706
Total Expenses
$11,396,719
Total Assets
$1,304,739
Net Assets
$-12,140,579
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
FL
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 needing home health services.

Program Service Accomplishments

Program 1
Expenses: $9,562,648 Revenue: $9,818,718

Medicare and Medicaid certified home health agency serving Indian River and Northern St Lucie Counties, Florida, providing intermittent skilled nursing care: physical, occupational and speech...

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Medicare and Medicaid certified home health agency serving Indian River and Northern St Lucie Counties, Florida, providing intermittent skilled nursing care: physical, occupational and speech therapy; medical social services; and home health aide services to homebound patients recovering from illness, injury or surgery.

Program 2

During the year ended September 30, 2024, unpaid volunteers contributed more than 240 hours of their time in direct support of the organization. Volunteers assisted in various program areas. Based...

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During the year ended September 30, 2024, unpaid volunteers contributed more than 240 hours of their time in direct support of the organization. Volunteers assisted in various program areas. Based upon the hourly volunteer rate of approximately $33.49/hr. In 2024 for the state of Florida per the Bureau of Labor Statistics, the dollar value of those volunteer hours was approximately $8,100. A total of 21,130 hours of volunteer services valued at $707,600 were provided in total to the agency and its related parties. No amounts have been reflected in this return for those donated 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%)

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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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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
10

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
6
$516,311
Total Directors
6
$290,350
Key Employees
0
$0
Highest Compensated
0
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
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