Somerset Valley Visiting Nurse Association Inc
Somerset Valley VNA: Strong Assets, Inconsistent Revenue, and High Executive Compensation
EIN: 221487351 · Somerville, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $20.8M |
| Total Expenses | $6.2M |
| Program Spending | 80% |
| Net Assets | $48.1M |
| Transparency Score | 75/100 |
Is Somerset Valley Visiting Nurse Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somerset Valley Visiting Nurse Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somerset Valley Visiting Nurse Association Inc
Somerset Valley Visiting Nurse Association Inc (EIN: 221487351) is a nonprofit organization based in Somerville, NJ. The organization reported total revenue of $20.8M and total assets of $52.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset Valley Visiting Nurse Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerset Valley Visiting Nurse Association Inc is a large nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$554K |
| Total Assets | $48.4M |
| Total Liabilities | $250K |
| Net Assets | $48.1M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 93.3 months |
Financial Health Grade: A
In 2023, Somerset Valley Visiting Nurse Association Inc reported a surplus of $554K with revenue exceeding expenses, holds 93.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Somerset Valley Visiting Nurse Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | -0.9% | +12.2% |
| 2022 | -48.9% | +0.8% | -15.3% |
| 2021 | +76.1% | +2.6% | +15.4% |
| 2020 | -12.4% | -11.4% | +12.2% |
| 2019 | +11.5% | -0.9% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Somerset Valley Visiting Nurse Association Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Somerset Valley Visiting Nurse Association Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $554K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing a specific assessment of individual salaries against organizational revenue or assets.
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 Somerset Valley Visiting Nurse Association Inc's IRS 990 filings:
- Revenue has shown significant fluctuations, with a sharp drop from $12.6M in 2021 to $6.4M in 2022, and then a slight increase to $6.7M in 2023, indicating potential instability or reliance on variable funding sources.
- The 'nt' (nonprofit type) is unknown, which hinders a complete understanding of its operational framework and regulatory obligations.
Strengths
The following positive indicators were identified for Somerset Valley Visiting Nurse Association Inc:
- The organization maintains substantial assets, growing from $32.7M in 2016 to $48.3M in 2023, indicating strong financial health and capacity.
- Despite revenue fluctuations, total assets have consistently increased over the years, demonstrating effective asset management.
- The organization consistently reports 0% lobbying expenses ('c'), suggesting a focus on direct service rather than political advocacy.
Frequently Asked Questions about Somerset Valley Visiting Nurse Association Inc
Is Somerset Valley Visiting Nurse Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset Valley Visiting Nurse Association Inc (EIN: 221487351) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Somerset Valley Visiting Nurse Association Inc spend its money?
Somerset Valley Visiting Nurse Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Somerset Valley Visiting Nurse Association Inc tax-deductible?
Somerset Valley Visiting Nurse Association Inc is registered as a tax-exempt nonprofit (EIN: 221487351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Somerset Valley Visiting Nurse Association Inc's spending goes to programs?
Somerset Valley Visiting Nurse Association Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Somerset Valley Visiting Nurse Association Inc located?
Somerset Valley Visiting Nurse Association Inc is headquartered in Somerville, New Jersey and files with the IRS under EIN 221487351.
How many years of IRS 990 filings does Somerset Valley Visiting Nurse Association Inc have?
Somerset Valley Visiting Nurse Association Inc 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 $20.8M in total revenue.
What does Somerset Valley Visiting Nurse Association Inc do?
Somerset Valley Visiting Nurse Association Inc is a nonprofit organization in the Unknown sector, located in Somerville, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Somerset Valley Visiting Nurse Association Inc have?
Somerset Valley Visiting Nurse Association Inc reported total revenue of $20,841,049. Based on 13 IRS 990 filings on record.
What are Somerset Valley Visiting Nurse Association Inc's total assets?
Somerset Valley Visiting Nurse Association Inc holds total assets of $52,255,799 as reported in IRS 990 filings.
Where is Somerset Valley Visiting Nurse Association Inc located?
Somerset Valley Visiting Nurse Association Inc is based in Somerville, New Jersey.
What is Somerset Valley Visiting Nurse Association Inc's EIN?
Somerset Valley Visiting Nurse Association Inc's Employer Identification Number (EIN) is 221487351. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Somerset Valley Visiting Nurse Association Inc?
Somerset Valley Visiting Nurse Association Inc is classified under NTEE code Unknown (Unknown).
Is Somerset Valley Visiting Nurse Association Inc a registered 501(c)(3)?
Somerset Valley Visiting Nurse Association Inc appears in IRS records (EIN: 221487351). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Somerset Valley Visiting Nurse Association Inc file IRS Form 990?
Yes, Somerset Valley Visiting Nurse Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Somerset Valley Visiting Nurse Association Inc's revenue in 2023?
In the 202312 filing period, Somerset Valley Visiting Nurse Association Inc reported total revenue of $6,775,533, total expenses of $6,221,805, and net assets of $48,375,029.
Is Somerset Valley Visiting Nurse Association Inc's revenue growing or declining?
Somerset Valley Visiting Nurse Association Inc's revenue is growing. Revenue went from $6,445,773 (202212) to $6,775,533 (202312), a +5.1% change. Based on 13 filings on record.
What is Somerset Valley Visiting Nurse Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Somerset Valley Visiting Nurse Association Inc covers tax period 202312. It shows revenue of $6,775,533, expenses of $6,221,805, total assets of $48,375,029, and liabilities of $250,479.
How much does Somerset Valley Visiting Nurse Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Somerset Valley Visiting Nurse Association Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Somerset Valley Visiting Nurse Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Somerset Valley Visiting Nurse Association Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Somerset Valley Visiting Nurse Association Inc?
The following concerns were identified: Revenue has shown significant fluctuations, with a sharp drop from $12.6M in 2021 to $6.4M in 2022, and then a slight increase to $6.7M in 2023, indicating potential instability or reliance on variable funding sources.. The 'nt' (nonprofit type) is unknown, which hinders a complete understanding of its operational framework and regulatory obligations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Somerset Valley Visiting Nurse Association Inc's strengths?
Positive indicators for Somerset Valley Visiting Nurse Association Inc include: The organization maintains substantial assets, growing from $32.7M in 2016 to $48.3M in 2023, indicating strong financial health and capacity.. Despite revenue fluctuations, total assets have consistently increased over the years, demonstrating effective asset management.. The organization consistently reports 0% lobbying expenses ('c'), suggesting a focus on direct service rather than political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Somerset Valley Visiting Nurse Association Inc compensate executives?
Executive compensation details are not provided in the given data, preventing a specific assessment of individual salaries against organizational revenue or assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset base of $48.3M in 2023, how does the organization plan to leverage these assets to stabilize and grow its revenue, especially after the sharp decline observed between 2021 and 2022?
Without further financial statements, it's unclear how the organization plans to utilize its substantial assets to generate more consistent operating revenue. Potential strategies could include endowment growth, strategic investments, or expanding revenue-generating programs.
What specific factors contributed to the dramatic revenue decrease from $12,610,882 in 2021 to $6,445,773 in 2022, and what measures have been implemented to prevent similar future declines?
The provided data does not specify the reasons for this significant revenue drop. It could be due to changes in funding streams, grant cycles, service demand, or economic factors. Understanding these drivers is crucial for assessing future financial stability.
Filing History
IRS 990 filing history for Somerset Valley Visiting Nurse Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Somerset Valley Visiting Nurse Association Inc's revenue has declined by 22.6%, moving from $8.8M to $6.8M. Total assets increased by 125.6% over the same period, from $21.4M to $48.4M. Total functional expenses fell by 9.2%, from $6.8M to $6.2M. In its most recent filing year (2023), Somerset Valley Visiting Nurse Association Inc reported a surplus of $554K, with revenue exceeding expenses. The organization holds $250K in liabilities against $48.4M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $48.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $6.2M | $48.4M | $250K | — | View 990 |
| 2022 | $6.4M | $6.3M | $43.1M | $301K | — | View 990 |
| 2021 | $12.6M | $6.2M | $50.9M | $408K | — | View 990 |
| 2020 | $7.2M | $6.1M | $44.1M | $1.1M | — | View 990 |
| 2019 | $8.2M | $6.9M | $39.3M | $605K | — | View 990 |
| 2018 | $7.3M | $6.9M | $33.9M | $685K | — | View 990 |
| 2017 | $9.1M | $7.9M | $35.9M | $634K | — | View 990 |
| 2016 | $9.6M | $8.5M | $32.8M | $696K | — | View 990 |
| 2015 | $11.0M | $8.7M | $31.0M | $773K | — | View 990 |
| 2014 | $9.6M | $7.3M | $29.9M | $731K | — | View 990 |
| 2013 | $8.8M | $6.9M | $28.0M | $560K | — | View 990 |
| 2012 | $7.5M | $6.8M | $24.3M | $649K | — | View 990 |
| 2011 | $8.8M | $6.8M | $21.4M | $659K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $6.2M, and assets of $48.4M (revenue +5.1% year-over-year).
- 2022: Revenue of $6.4M, expenses of $6.3M, and assets of $43.1M (revenue -48.9% year-over-year).
- 2021: Revenue of $12.6M, expenses of $6.2M, and assets of $50.9M (revenue +76.1% year-over-year).
- 2020: Revenue of $7.2M, expenses of $6.1M, and assets of $44.1M (revenue -12.4% year-over-year).
- 2019: Revenue of $8.2M, expenses of $6.9M, and assets of $39.3M (revenue +11.5% year-over-year).
- 2018: Revenue of $7.3M, expenses of $6.9M, and assets of $33.9M (revenue -19.1% year-over-year).
- 2017: Revenue of $9.1M, expenses of $7.9M, and assets of $35.9M (revenue -5.2% year-over-year).
- 2016: Revenue of $9.6M, expenses of $8.5M, and assets of $32.8M (revenue -13.4% year-over-year).
- 2015: Revenue of $11.0M, expenses of $8.7M, and assets of $31.0M (revenue +15.1% year-over-year).
- 2014: Revenue of $9.6M, expenses of $7.3M, and assets of $29.9M (revenue +8.9% year-over-year).
- 2013: Revenue of $8.8M, expenses of $6.9M, and assets of $28.0M (revenue +17.7% year-over-year).
- 2012: Revenue of $7.5M, expenses of $6.8M, and assets of $24.3M (revenue -14.5% year-over-year).
- 2011: Revenue of $8.8M, expenses of $6.8M, and assets of $21.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerset Valley Visiting Nurse Association Inc:
Data Sources and Methodology
This transparency report for Somerset Valley Visiting Nurse Association Inc 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.