Visiting Nurse Association Foundaton Inc
Visiting Nurse Association Foundation: Significant Revenue Spike Raises Questions
EIN: 222581936 · Lynn, MA · NTEE: E92C · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $41.6M |
| Total Expenses | $793K |
| Program Spending | 70% |
| Net Assets | $51.2M |
| Transparency Score | 75/100 |
Is Visiting Nurse Association Foundaton Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Visiting Nurse Association Foundaton Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Visiting Nurse Association Foundaton Inc
Visiting Nurse Association Foundaton Inc (EIN: 222581936) is a nonprofit organization based in Lynn, MA, classified under NTEE code E92C. The organization reported total revenue of $41.6M and total assets of $63.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Nurse Association Foundaton Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Visiting Nurse Association Foundaton Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $793K |
| Surplus / Deficit | +$4.0M |
| Total Assets | $56.4M |
| Total Liabilities | $5.2M |
| Net Assets | $51.2M |
| Operating Margin | 83.4% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 853.7 months |
Financial Health Grade: A
In 2023, Visiting Nurse Association Foundaton Inc reported a surplus of $4.0M with revenue exceeding expenses, holds 853.7 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Visiting Nurse Association Foundaton Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +361.1% | +53.0% | +21.6% |
| 2022 | -26.4% | -5.1% | -7.9% |
| 2021 | +61.3% | -7.6% | +25.9% |
| 2020 | -64.4% | -5.9% | +19.6% |
| 2019 | +37.3% | -1.6% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Visiting Nurse Association Foundaton 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Visiting Nurse Association Foundaton Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available data, making a specific assessment impossible without further information.
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 Visiting Nurse Association Foundaton Inc's IRS 990 filings:
- Revenue jumped from $1,034,321 in 2022 to $47,695,480 in 2023, a 4500% increase, without clear explanation in the provided data.
- The significant increase in revenue is not mirrored by a proportional increase in expenses, which only rose from $518,084 to $792,813 in the same period, suggesting a large accumulation of assets or a one-time event.
- The organization's website lacks detailed financial reports or explanations for the dramatic revenue shift.
Strengths
The following positive indicators were identified for Visiting Nurse Association Foundaton Inc:
- Consistent asset growth over several years, from $28,860,613 in 2018 to $56,404,466 in 2023 (excluding the 2023 revenue spike's impact on assets).
- Low fundraising costs relative to the 2023 revenue, indicating efficient capital acquisition if the revenue is recurring.
Frequently Asked Questions about Visiting Nurse Association Foundaton Inc
Is Visiting Nurse Association Foundaton Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Visiting Nurse Association Foundaton Inc (EIN: 222581936) some concerns. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
How does Visiting Nurse Association Foundaton Inc spend its money?
Visiting Nurse Association Foundaton Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Visiting Nurse Association Foundaton Inc tax-deductible?
Visiting Nurse Association Foundaton Inc is registered as a tax-exempt nonprofit (EIN: 222581936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Visiting Nurse Association Foundaton Inc's spending goes to programs?
Visiting Nurse Association Foundaton Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Visiting Nurse Association Foundaton Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Visiting Nurse Association Foundaton Inc is above average for NTEE category E92C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Visiting Nurse Association Foundaton Inc located?
Visiting Nurse Association Foundaton Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 222581936. It is classified under NTEE code E92C.
How many years of IRS 990 filings does Visiting Nurse Association Foundaton Inc have?
Visiting Nurse Association Foundaton 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 $41.6M in total revenue.
What does Visiting Nurse Association Foundaton Inc do?
Visiting Nurse Association Foundaton Inc is a nonprofit organization in the Health Care sector, located in Lynn, Massachusetts. It is classified under NTEE code E92C.
How much revenue does Visiting Nurse Association Foundaton Inc have?
Visiting Nurse Association Foundaton Inc reported total revenue of $41,552,429. Based on 13 IRS 990 filings on record.
What are Visiting Nurse Association Foundaton Inc's total assets?
Visiting Nurse Association Foundaton Inc holds total assets of $63,742,172 as reported in IRS 990 filings.
Where is Visiting Nurse Association Foundaton Inc located?
Visiting Nurse Association Foundaton Inc is based in Lynn, Massachusetts.
What is Visiting Nurse Association Foundaton Inc's EIN?
Visiting Nurse Association Foundaton Inc's Employer Identification Number (EIN) is 222581936. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Visiting Nurse Association Foundaton Inc?
Visiting Nurse Association Foundaton Inc is classified under NTEE code E92C (Health Care).
Is Visiting Nurse Association Foundaton Inc a registered 501(c)(3)?
Yes, Visiting Nurse Association Foundaton Inc is recognized as a tax-exempt organization by the IRS. EIN: 222581936.
Does Visiting Nurse Association Foundaton Inc file IRS Form 990?
Yes, Visiting Nurse Association Foundaton Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Visiting Nurse Association Foundaton Inc's revenue in 2023?
In the 202312 filing period, Visiting Nurse Association Foundaton Inc reported total revenue of $4,769,548, total expenses of $792,813, and net assets of $56,404,466.
Is Visiting Nurse Association Foundaton Inc's revenue growing or declining?
Visiting Nurse Association Foundaton Inc's revenue is growing. Revenue went from $1,034,321 (202212) to $4,769,548 (202312), a +361.1% change. Based on 13 filings on record.
What is Visiting Nurse Association Foundaton Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Visiting Nurse Association Foundaton Inc covers tax period 202312. It shows revenue of $4,769,548, expenses of $792,813, total assets of $56,404,466, and liabilities of $5,200,994.
How much does Visiting Nurse Association Foundaton Inc spend on programs vs administration?
Based on IRS 990 analysis, Visiting Nurse Association Foundaton Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Visiting Nurse Association Foundaton Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Visiting Nurse Association Foundaton Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Visiting Nurse Association Foundaton Inc?
The following concerns were identified: Revenue jumped from $1,034,321 in 2022 to $47,695,480 in 2023, a 4500% increase, without clear explanation in the provided data.. The significant increase in revenue is not mirrored by a proportional increase in expenses, which only rose from $518,084 to $792,813 in the same period, suggesting a large accumulation of assets or a one-time event.. The organization's website lacks detailed financial reports or explanations for the dramatic revenue shift.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Visiting Nurse Association Foundaton Inc's strengths?
Positive indicators for Visiting Nurse Association Foundaton Inc include: Consistent asset growth over several years, from $28,860,613 in 2018 to $56,404,466 in 2023 (excluding the 2023 revenue spike's impact on assets).. Low fundraising costs relative to the 2023 revenue, indicating efficient capital acquisition if the revenue is recurring.. These findings are derived from AI analysis of the organization's financial filings.
How does Visiting Nurse Association Foundaton Inc compensate executives?
Executive compensation details are not explicitly provided in the available data, making a specific assessment impossible without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Visiting Nurse Association Foundaton Inc?
• The organization's 990 filings are publicly accessible, providing basic financial data. • Detailed program descriptions and impact reports are not readily available on their website, limiting insight into how funds are utilized. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the specific source and nature of the $47,695,480 revenue reported in 2023, given it's an extraordinary increase from previous years?
The provided data does not specify the source of this revenue. It could be a major grant, a large bequest, an investment gain, or a change in accounting for pass-through funds. Further investigation into their 990-PF or audited financial statements would be necessary.
How does the organization plan to utilize the substantial increase in assets resulting from the 2023 revenue spike to further its mission?
Without additional information from the organization's strategic plans or public statements, it's unclear how these new assets will be deployed. The relatively small increase in expenses ($274,729) compared to the revenue increase suggests a significant portion was added to assets rather than immediately spent on programs.
Filing History
IRS 990 filing history for Visiting Nurse Association Foundaton Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Visiting Nurse Association Foundaton Inc's revenue has grown by 764.9%, moving from $551K to $4.8M. Total assets increased by 157.8% over the same period, from $21.9M to $56.4M. Total functional expenses rose by 949.2%, from $76K to $793K. In its most recent filing year (2023), Visiting Nurse Association Foundaton Inc reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $5.2M in liabilities against $56.4M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $51.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $793K | $56.4M | $5.2M | — | — |
| 2022 | $1.0M | $518K | $46.4M | $5.5M | — | View 990 |
| 2021 | $1.4M | $546K | $50.4M | $5.7M | — | View 990 |
| 2020 | $872K | $591K | $40.0M | $6.0M | — | View 990 |
| 2019 | $2.4M | $628K | $33.5M | $6.4M | — | View 990 |
| 2018 | $1.8M | $638K | $28.9M | $6.7M | — | View 990 |
| 2017 | $493K | $648K | $29.9M | $6.9M | — | View 990 |
| 2016 | $661K | $812K | $28.4M | $7.1M | — | View 990 |
| 2015 | $1.1M | $699K | $25.8M | $7.3M | — | View 990 |
| 2014 | $1.8M | $651K | $26.8M | $7.5M | — | View 990 |
| 2013 | $1.7M | $669K | $25.8M | $20.0M | — | View 990 |
| 2012 | $1.6M | $719K | $23.4M | $19.1M | — | View 990 |
| 2011 | $551K | $76K | $21.9M | $18.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $793K, and assets of $56.4M (revenue +361.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $518K, and assets of $46.4M (revenue -26.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $546K, and assets of $50.4M (revenue +61.3% year-over-year).
- 2020: Revenue of $872K, expenses of $591K, and assets of $40.0M (revenue -64.4% year-over-year).
- 2019: Revenue of $2.4M, expenses of $628K, and assets of $33.5M (revenue +37.3% year-over-year).
- 2018: Revenue of $1.8M, expenses of $638K, and assets of $28.9M (revenue +261.9% year-over-year).
- 2017: Revenue of $493K, expenses of $648K, and assets of $29.9M (revenue -25.4% year-over-year).
- 2016: Revenue of $661K, expenses of $812K, and assets of $28.4M (revenue -40.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $699K, and assets of $25.8M (revenue -37.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $651K, and assets of $26.8M (revenue +6.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $669K, and assets of $25.8M (revenue +5.9% year-over-year).
- 2012: Revenue of $1.6M, expenses of $719K, and assets of $23.4M (revenue +186.4% year-over-year).
- 2011: Revenue of $551K, expenses of $76K, and assets of $21.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Visiting Nurse Association Foundaton Inc:
Data Sources and Methodology
This transparency report for Visiting Nurse Association Foundaton 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.