Lakes Region Visiting Nurse Association
Lakes Region Visiting Nurse Association shows consistent growth and strong financial health with no reported officer compensation.
EIN: 20228242 · Meredith, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $8.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8.47 |
| Net Assets | $4.0M |
| Transparency Score | 92/100 |
Is Lakes Region Visiting Nurse Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Region Visiting Nurse Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Region Visiting Nurse Association
Lakes Region Visiting Nurse Association (EIN: 20228242) is a nonprofit organization based in Meredith, NH. The organization reported total revenue of $7.7M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Visiting Nurse Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Visiting Nurse Association is a mid-size nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $8.0M |
| Surplus / Deficit | +$505K |
| Total Assets | $4.4M |
| Total Liabilities | $468K |
| Net Assets | $4.0M |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Lakes Region Visiting Nurse Association reported a surplus of $505K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakes Region Visiting Nurse Association's revenue has grown at a compound annual growth rate (CAGR) of 22.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +5.1% | +12.7% |
| 2022 | +29.1% | +15.5% | +13.9% |
| 2021 | +15.4% | +36.2% | +4.4% |
| 2020 | +32.9% | +34.2% | +39.6% |
| 2019 | +111.6% | +99.8% | +39.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lakes Region Visiting Nurse Association with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lakes Region Visiting Nurse Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $505K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size ($8.47 million revenue in 2023) and indicates a strong commitment to directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lakes Region Visiting Nurse Association's IRS 990 filings:
- Lack of detailed breakdown for program vs. administrative vs. fundraising expenses in provided data, requiring estimation for spending breakdown.
- Consistent 0% officer compensation for an organization of this size is unusual and might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Lakes Region Visiting Nurse Association:
- Consistent and significant revenue growth, from $1.37M in 2014 to $8.47M in 2023.
- Strong financial health with consistent surpluses (e.g., $504,623 in 2023).
- Healthy asset growth, increasing from $1.21M in 2014 to $4.44M in 2023.
- Low liabilities relative to assets, indicating good financial management (e.g., $467,596 liabilities vs. $4,442,431 assets in 2023).
- 0% reported officer compensation across all filings, suggesting a high dedication of funds to mission.
Frequently Asked Questions about Lakes Region Visiting Nurse Association
Is Lakes Region Visiting Nurse Association a legitimate charity?
Lakes Region Visiting Nurse Association (EIN: 20228242) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Lakes Region Visiting Nurse Association spend its money?
Lakes Region Visiting Nurse Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lakes Region Visiting Nurse Association tax-deductible?
Lakes Region Visiting Nurse Association is registered as a tax-exempt nonprofit (EIN: 20228242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakes Region Visiting Nurse Association CEO make?
Lakes Region Visiting Nurse Association's highest-compensated officer earns $8.47 annually. The organization reported $7.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakes Region Visiting Nurse Association's spending goes to programs?
Lakes Region Visiting Nurse Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lakes Region Visiting Nurse Association located?
Lakes Region Visiting Nurse Association is headquartered in Meredith, New Hampshire and files with the IRS under EIN 20228242.
How many years of IRS 990 filings does Lakes Region Visiting Nurse Association have?
Lakes Region Visiting Nurse Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.7M in total revenue.
Is Lakes Region Visiting Nurse Association a good charity?
Based on the available financial data, Lakes Region Visiting Nurse Association appears to be a very good charity. They demonstrate strong financial health, consistent growth, and a notable commitment to program spending, evidenced by their consistent surpluses and 0% reported officer compensation.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $1,370,628 in 2014 to $8,472,544 in 2023, indicating a substantial expansion of their services and financial support.
What is the organization's financial stability?
Lakes Region Visiting Nurse Association shows strong financial stability. They consistently operate with a surplus (e.g., $504,623 in 2023) and have steadily grown their assets from $1,215,468 in 2014 to $4,442,431 in 2023, while maintaining manageable liabilities.
Does the organization pay its officers?
According to all available IRS 990 filings from 2014 to 2023, Lakes Region Visiting Nurse Association consistently reports 0% officer compensation. This suggests that officers may be volunteers or compensated through other means not categorized as officer compensation on the 990.
Filing History
IRS 990 filing history for Lakes Region Visiting Nurse Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakes Region Visiting Nurse Association's revenue has grown by 1056.4%, moving from $733K to $8.5M. Total assets increased by 283.8% over the same period, from $1.2M to $4.4M. Total functional expenses rose by 968.9%, from $745K to $8.0M. In its most recent filing year (2023), Lakes Region Visiting Nurse Association reported a surplus of $505K, with revenue exceeding expenses. The organization holds $468K in liabilities against $4.4M in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $8.0M | $4.4M | $468K | — | View 990 |
| 2022 | $8.1M | $7.6M | $3.9M | $466K | — | View 990 |
| 2021 | $6.3M | $6.6M | $3.5M | $405K | — | View 990 |
| 2020 | $5.4M | $4.8M | $3.3M | $652K | — | View 990 |
| 2019 | $4.1M | $3.6M | $2.4M | $353K | — | View 990 |
| 2018 | $1.9M | $1.8M | $1.7M | $180K | — | View 990 |
| 2017 | $1.5M | $1.5M | $1.5M | $116K | — | View 990 |
| 2016 | $1.5M | $1.5M | $1.5M | $74K | — | View 990 |
| 2015 | $1.5M | $1.4M | $1.3M | $40K | — | View 990 |
| 2014 | $1.4M | $1.3M | $1.2M | $34K | — | View 990 |
| 2013 | $1.0M | $923K | $1.1M | $5K | — | View 990 |
| 2012 | $769K | $616K | $1.3M | $320K | — | View 990 |
| 2011 | $733K | $745K | $1.2M | $316K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $8.0M, and assets of $4.4M (revenue +4.5% year-over-year).
- 2022: Revenue of $8.1M, expenses of $7.6M, and assets of $3.9M (revenue +29.1% year-over-year).
- 2021: Revenue of $6.3M, expenses of $6.6M, and assets of $3.5M (revenue +15.4% year-over-year).
- 2020: Revenue of $5.4M, expenses of $4.8M, and assets of $3.3M (revenue +32.9% year-over-year).
- 2019: Revenue of $4.1M, expenses of $3.6M, and assets of $2.4M (revenue +111.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $1.7M (revenue +30.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue +1.4% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue -4.3% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue +11.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue +33.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $923K, and assets of $1.1M (revenue +33.6% year-over-year).
- 2012: Revenue of $769K, expenses of $616K, and assets of $1.3M (revenue +5.0% year-over-year).
- 2011: Revenue of $733K, expenses of $745K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Visiting Nurse Association:
Data Sources and Methodology
This transparency report for Lakes Region Visiting Nurse Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.