Is Visiting Nursing Association Of Western New York Inc Legit?

The Visiting Nursing Association Of Western New York Inc demonstrates a consistent financial profile with annual revenues consistently exceeding $90 million in recent years, reaching $97,629,640 in 2023. The organization has maintained a healthy asset base, with assets of $53,532,625 in 2023, comfortably covering its liabilities of $34,281,702. This indicates a stable financial position and capacity to meet its obligations. Spending efficiency appears strong, with expenses generally ranging between 75-85% of revenue across the analyzed periods. For instance, in 2023, expenses were $82,453,793 against revenues of $97,629,640, suggesting a significant portion of income is directed towards operations. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and resource allocation, indicating that top executives are not drawing salaries from the organization, which is highly unusual for an organization of this size and revenue. While the 0% officer compensation is a strong indicator of transparency regarding executive pay, a more detailed breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency. However, based on the available data, the organization appears to be financially sound and operates with a high degree of fiscal responsibility, particularly concerning executive remuneration.