AI Transparency Report
The Visiting Nurse Association Of Utica And Oneida County Inc has demonstrated consistent operational deficits in recent years, with expenses exceeding revenue in 8 out of the last 10 reported periods. For instance, in 2023, expenses were $5,788,787 against revenues of $4,873,313, indicating a significant shortfall. This trend suggests potential long-term financial sustainability challenges if not addressed. The organization's assets have fluctuated, reaching a high of $1,921,666 in 2014 but standing at $1,181,057 in 2023, while liabilities have generally been high, often significantly exceeding assets, such as $7,057,726 in liabilities against $1,181,057 in assets in 2023. This high liability-to-asset ratio is a concern for financial stability.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent operational losses imply that the current revenue streams are insufficient to cover overall expenditures. The organization reports 0% officer compensation across all available filings, which is a positive indicator of resource allocation towards its mission rather than executive pay. Transparency appears to be good given the consistent filing of IRS Form 990s over many years.
Overall, while the organization maintains a consistent filing history and reports no officer compensation, its persistent operational deficits and high liabilities relative to assets raise questions about its financial health and long-term viability. Addressing the revenue-expense gap will be crucial for its future.