VPS MEDICAL SERVICES PC

EIN: 843608112 501(c)(3) Health Care

NEPTUNE, NJ

Total Revenue
$10,046,449
Total Expenses
$11,274,765
Total Assets
$4,758,728
Net Assets
$-3,074,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NJ
Principal Officer
CHRISTOPHER RINN CEO
Phone
7325711000
Tax Period
2023-01-01 to 2023-12-31

VPS MEDICAL SERVICES PC, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $11.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

VPS MEDICAL SERVICES IS A NONPROFIT ORGANIZATION ENGAGING IN THE BUSINESS OF RENDERING PROFESSIONAL SERVICES TO THE PUBLIC. OPERATIONS ARE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $10,153,200 Revenue: $9,864,659

THE VNA HEALTH GROUP AND ITS AFFILIATES, INCLUDING VPS MEDICAL SERVICES, PC, PROVIDED HOME HEALTH, HOSPICE AND COMMUNITY BASED SERVICES TO THE PEOPLE IN ITS SERVICE AREA. DURING 2023, approximately...

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THE VNA HEALTH GROUP AND ITS AFFILIATES, INCLUDING VPS MEDICAL SERVICES, PC, PROVIDED HOME HEALTH, HOSPICE AND COMMUNITY BASED SERVICES TO THE PEOPLE IN ITS SERVICE AREA. DURING 2023, approximately 819,000 VISITS WERE PROVIDED TO OVER 41,500 INDIVIDUALS WHO RECEIVED HOME HEALTH CARE, HOSPICE, AND OTHER HEALTHCARE SERVICES FROM THE ORGANIZATION AND ITS AFFILIATED ENTITIES. Our innovative, programmatic Institutes focus on three critical cores of VNA Health Group: health of children and their families; coordination of care enhanced by technology; and care for patients with serious, chronic and end-stage illness. Each institute has an expert thought leader and is providing enhanced access, care and services for patients, their families and our communities. Our Advanced Care Institute helps patients with late-stage, chronic illnesses stay at home comfortably with support from family, a visiting physician, and A palliative care team. Our goal is to educate clinicians, communities, patients and their families on best practices in chronic disease and palliative and hospice care. Within the Children and Family Health Institute are three centers focused on helping children and families achieve their highest level of health from pre-natal to adult: the Center for Early Childhood Development and Family Support; the Center for Primary Care and Public Health; and the Center for Pediatric Home Care. The Connected Health Institute spearheads mobile and digital initiatives to improve patient outcomes. With more than 1,500 clinicians, VNA Health Group and its affiliates have the unique opportunity to become a nationally recognized leader in researching, developing, and testing technologies that improve patient care. SIGNIFICANT changes are underway in health care including a dramatic increase in the older adult population, a national movement to contain health costs and expansion in mobile and digital health technologies. VNA Health Group is taking bold steps to reimagine how IT can address these challenges, secure ITS future and improve care for all patients, including the most frail and vulnerable. OUR UNIQUE ORGANIZATIONAL STRUCTURE FEATURES JOINT VENTURE PARTNERSHIPS WITH PARKER HOME AND COMMUNITY BASED SERVICES, AS WELL AS ACQUISITIONS OF ORGANIZATIONS ALIGNED WITH VNA'S MISSION.

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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 $181,790
Program Service Revenue $9,864,659
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,046,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,912,621
Fundraising Expenses $0
Program Expenses $10,153,200
Other Expenses $5,362,144
TOTAL EXPENSES $11,274,765

Year-over-Year Comparison

2023 2022 Change
Revenue $10,046,449 $8,261,406 +0.2%
Expenses $11,274,765 $10,139,657 +0.1%
Net Income $-1,228,316 $-1,878,251 -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

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Governance

Voting Members
6
Independent Members
N/A
Employees
43
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
2
$280,067
Total Directors
6
$280,067
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA B LEONARD MD MEDICAL DIRECTOR - VPS 55.0
Highest
$278,712 $21,517 $300,229
Alex Binder Vice Chairman 5.0
Officer Director
$0 $18,552 $280,067
YEVGENIY D VAYSBERG MD PHYSICIAN, MD - VPS 55.0
Highest
$239,630 $33,401 $273,031
VIKRANTA SHARMA MD MED DIR HOS/PALL CARE PRO 55.0
Highest
$254,485 $10,976 $265,461
DEBORAH L BESSEN MD PHYSICIAN, MD - VPS 55.0
Highest
$185,614 $9,631 $195,245
KATHRYN E CORBET NURSE PRACTITIONER 55.0
Highest
$186,970 $7,641 $194,611
ROBERT MUNIZ CHAIRMAN 5.0
Officer Director
$0 $0 $0
ELI FELDMAN MBA TRUSTEE 2.0
Director
$0 $0 $0
PETER GAYLORD MBA TRUSTEE 2.0
Director
$0 $0 $0
CLIFFORD HOLLAND TRUSTEE 2.0
Director
$0 $0 $0
DONNA SILBERT TRUSTEE 2.0
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
2024 No data No data No data No data
2023 $10,046,449 $11,274,765 $4,758,728 $-1,228,316
2021 $8,801,561 $8,581,786 $1,116,275 $219,775
2020 $8,122,931 $7,755,750 $3,536,473 $367,181
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