Is Visiting Nurse Association Of Long Island Inc Legit?

The Visiting Nurse Association Of Long Island Inc appears to be in a state of significant financial decline, based on its IRS 990 filings. The organization reported $0 in both revenue and assets in its latest filing, which is a critical red flag indicating potential dormancy or cessation of operations. This follows a sharp decrease in revenue from a peak of nearly $15 million in 2013 to under $2 million in 2015, alongside expenses that consistently outstripped revenue in most reported periods, leading to net losses. For instance, in 2015, expenses were $4.6 million against revenues of $1.9 million, further eroding its financial position. The organization's liabilities have frequently exceeded its assets, notably in 2015 where liabilities were $4.6 million against assets of $764,648, indicating insolvency. While executive compensation was reported as 0% in all available filings, which suggests good stewardship in that area, the overall financial trajectory points to severe operational challenges. The lack of recent financial activity and the significant negative equity raise serious concerns about its ability to fulfill its mission or its continued existence as an active entity.