VNA HEALTH FOUNDATION

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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

1993

Legal Domicile

Principal Officer

KAREN WALLACE

Phone

8059655555

Tax Period

2024-01-01 to 2024-12-31

VNA HEALTH FOUNDATION, founded in 1993, is a community nonprofit in the Health Care sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 13% surplus.

Mission

FUNDRAISING TO SUPPORT THE CHARITABLE MISSION OF VNA HEALTH.

Program Service Accomplishments

Program 1

Expenses: $2,270,698

THE VNA HEALTH FOUNDATION FUNDS VNA HEALTH CHARITABLE PROGRAMS FOR THE SANTA BARBARA COMMUNITY. THESE PROGRAMS INCLUDE PET THERAPY, MUSIC SERVICES, THE WE HONOR VETERANS PROGRAM, AND THE LOAN CLOSET, WHICH IS THE ONLY COMMUNITY RESOURCE OFFERING FREE SHORT-TERM LOANS OF BASIC MEDICAL EQUIPMENT. THE VNA HEALTH FOUNDATION ALSO FUNDS COMMUNITY EDUCATION FOR RESIDENTS AND LOCAL HEALTHCARE WORKERS THROUGH IN-SERVICES AND CONTINUING EDUCATION WORKSHOPS. IN AN EFFORT TO EMPOWER SANTA BARBARA COUNTY RESIDENTS TO LIVE WITH HEALTH AND DIGNITY, THE VNA HEALTH FOUNDATION PROVIDES CHARITABLE SUBSIDIZED CARE THROUGH HOME HEALTH CARE, PALLIATIVE CARE, HOSPICE CARE, AND IN-PATIENT HOSPICE CARE AT SERENITY HOUSE, AN 18-BED HOSPICE RESIDENTIAL FACILITY OWNED AND OPERATED BY VNA HEALTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,436,866

Program Service Revenue $0

Investment Income $820,848

Other Revenue $1,314,151

TOTAL REVENUE $5,571,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $573,504

Fundraising Expenses $477,746

Program Expenses $2,270,698

Other Expenses $4,298,526

TOTAL EXPENSES $4,872,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,571,865	$2,852,276	+1.0%
Expenses	$4,872,030	$4,360,169	+0.1%
Net Income	$699,835	$-1,507,893	-1.5%

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

113

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

$1,318,487

Total Directors

$472,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL C BORDOFSKY	HOSPICE MEDICAL DIRECTOR	1.00	Director	$0	$0	$0
VINCENT GARY CABALLERO	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE CARTER LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
EUSEBIO CORDOVA JR	FINANCE COMMITTE CHAIR	1.00	Director	$0	$0	$0
CHRISTIE GLANVILLE	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN HANDY	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL R JACONETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERIC CHARLES KASS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH LEE KRAUS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
NEIL D LEVINSON	NOMINATING COMMITEE CHAIR	1.00	Director	$0	$0	$0
BEN PHILLIPS	CHAIR	1.00	Officer Director	$0	$0	$0
KIERAN A SHAH	PRESIDENT & CEO	1.00	Officer Director	$0	$43,406	$472,307
KATHERINE SUZANNE SCHOMER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER J THRASH	ETHICS COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DUSTY KEEGAN	CHIEF COMPLIANCE & PRIVACY OFFICER	1.00	Officer	$0	$23,286	$267,608
JO ANN MACK	CHIEF OPERATING OFFICER	1.00	Officer	$0	$26,063	$305,949
KAREN WALLACE	CFO	1.00	Officer	$0	$16,585	$272,623
MATTHEW BROWN	DIRECTOR OF INFORMATION SY	1.00	Highest	$0	$21,973	$242,811
SENA LYNN WOODALL	SENIOR DIRECTOR OF HOSPICE	1.00	Highest	$0	$21,891	$232,195
CZARINA INIGUEZ	REGISTERED NURSE CASE MANAGER, HOSPICE	1.00	Highest	$0	$24,024	$200,713
JACQUELIN CHARLES	REGISTERED NURSE, INPATIENT	1.00	Highest	$0	$13,344	$185,440
ROSABEL BARBOZA	REGISTERED NURSE CASE MANAGER, HOME HEALTH	1.00	Highest	$0	$0	$171,374

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	$5,571,865	$4,872,030	$52,634,305	$699,835
2023	$2,852,276	$4,360,169	$52,343,550	$-1,507,893
2022	$4,154,947	$5,307,618	$49,885,015	$-1,152,671
2021	$11,141,362	$5,310,542	$66,901,549	$5,830,820
2020	$6,857,702	$5,600,040	$65,703,610	$1,257,662