Visiting Nurse Association Health Care Services Inc
Visiting Nurse Association Health Care Services Inc faces significant financial challenges with declining revenue and increasing liabilities.
EIN: 135562377 · Staten Island, NY · NTEE: E92Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $9.9M |
| Program Spending | 70% |
| Net Assets | $-4,915,500 |
| Transparency Score | 45/100 |
Is Visiting Nurse Association Health Care Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Visiting Nurse Association Health Care Services Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Visiting Nurse Association Health Care Services Inc
Visiting Nurse Association Health Care Services Inc (EIN: 135562377) is a nonprofit organization based in Staten Island, NY, classified under NTEE code E92Z. The organization reported total revenue of $5.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Nurse Association Health Care Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Visiting Nurse Association Health Care Services Inc is a mid-size nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $9.9M |
| Surplus / Deficit | $-4,541,540 |
| Total Assets | $2.6M |
| Total Liabilities | $7.5M |
| Net Assets | $-4,915,500 |
| Operating Margin | -84.6% |
| Debt-to-Asset Ratio | 286.9% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2023, Visiting Nurse Association Health Care Services Inc reported a deficit of $4.5M with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 286.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Visiting Nurse Association Health Care Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.7% | -9.9% | -32.6% |
| 2022 | -15.0% | -3.2% | +65.3% |
| 2021 | +13.6% | +4.0% | -48.0% |
| 2020 | -6.5% | -15.8% | +6.2% |
| 2019 | +1.5% | +4.4% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 Health Care Services Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Visiting Nurse Association Health Care Services Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 deficit of $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 286.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a highly transparent approach to executive pay or that compensation is structured in a way not captured under this specific reporting line.
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 Health Care Services Inc's IRS 990 filings:
- Significant and consistent operating deficits, with expenses exceeding revenue in most recent periods.
- Sharp decline in revenue from $10,066,002 in 2022 to $5,367,516 in 2023.
- Liabilities ($7,544,832 in 2023) significantly exceed assets ($2,629,332 in 2023), indicating negative net assets.
- Long-term trend of increasing liabilities relative to assets over several years.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Visiting Nurse Association Health Care Services Inc:
- Long operational history with 13 IRS 990 filings.
- Consistent reporting of 0% officer compensation, suggesting transparency in this area.
Frequently Asked Questions about Visiting Nurse Association Health Care Services Inc
Is Visiting Nurse Association Health Care Services Inc a legitimate charity?
Visiting Nurse Association Health Care Services Inc (EIN: 135562377) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does Visiting Nurse Association Health Care Services Inc spend its money?
Visiting Nurse Association Health Care Services Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Visiting Nurse Association Health Care Services Inc tax-deductible?
Visiting Nurse Association Health Care Services Inc is registered as a tax-exempt nonprofit (EIN: 135562377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Visiting Nurse Association Health Care Services Inc's spending goes to programs?
Visiting Nurse Association Health Care Services Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Visiting Nurse Association Health Care Services Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Visiting Nurse Association Health Care Services Inc is near average for NTEE category E92Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Visiting Nurse Association Health Care Services Inc located?
Visiting Nurse Association Health Care Services Inc is headquartered in Staten Island, New York and files with the IRS under EIN 135562377. It is classified under NTEE code E92Z.
How many years of IRS 990 filings does Visiting Nurse Association Health Care Services Inc have?
Visiting Nurse Association Health Care Services 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 $5.2M in total revenue.
What caused the sharp decline in revenue from $10,066,002 in 2022 to $5,367,516 in 2023?
The IRS 990 data does not provide specific reasons for the revenue decline, but it is a critical factor impacting the organization's financial health.
How does the organization plan to address the growing liabilities, which reached $7,544,832 in 2023, significantly exceeding its assets?
The filings do not detail strategies for liability management, but this imbalance poses a significant risk to the organization's solvency.
What is the detailed breakdown of program, administrative, and fundraising expenses for the latest period?
Without a detailed breakdown, it's challenging to fully assess spending efficiency and ensure funds are primarily directed towards programs.
Given the consistent operating deficits, what measures are being taken to achieve financial sustainability?
The consistent trend of expenses exceeding revenue indicates a need for a clear strategy to achieve financial balance and long-term viability.
Filing History
IRS 990 filing history for Visiting Nurse Association Health Care Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Visiting Nurse Association Health Care Services Inc's revenue has declined by 78%, moving from $24.4M to $5.4M. Total assets decreased by 62.6% over the same period, from $7.0M to $2.6M. Total functional expenses fell by 61.5%, from $25.7M to $9.9M. In its most recent filing year (2023), Visiting Nurse Association Health Care Services Inc reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $7.5M in liabilities against $2.6M in assets (debt-to-asset ratio: 286.9%), resulting in net assets of $-4,915,500.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $9.9M | $2.6M | $7.5M | — | — |
| 2022 | $10.1M | $11.0M | $3.9M | $4.3M | — | View 990 |
| 2021 | $11.8M | $11.4M | $2.4M | $1.8M | — | View 990 |
| 2020 | $10.4M | $10.9M | $4.5M | $6.6M | — | View 990 |
| 2019 | $11.1M | $13.0M | $4.3M | $5.8M | — | View 990 |
| 2018 | $11.0M | $12.4M | $4.7M | $7.1M | — | View 990 |
| 2017 | $9.7M | $12.2M | $4.2M | $7.7M | — | View 990 |
| 2016 | $11.8M | $13.3M | $3.4M | $6.1M | — | View 990 |
| 2015 | $14.9M | $15.6M | $4.1M | $6.5M | — | View 990 |
| 2014 | $19.0M | $19.4M | $5.8M | $9.0M | — | View 990 |
| 2013 | $23.0M | $24.1M | $6.2M | $9.0M | — | View 990 |
| 2012 | $24.9M | $24.9M | $8.8M | $10.4M | — | View 990 |
| 2011 | $24.4M | $25.7M | $7.0M | $8.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $9.9M, and assets of $2.6M (revenue -46.7% year-over-year).
- 2022: Revenue of $10.1M, expenses of $11.0M, and assets of $3.9M (revenue -15.0% year-over-year).
- 2021: Revenue of $11.8M, expenses of $11.4M, and assets of $2.4M (revenue +13.6% year-over-year).
- 2020: Revenue of $10.4M, expenses of $10.9M, and assets of $4.5M (revenue -6.5% year-over-year).
- 2019: Revenue of $11.1M, expenses of $13.0M, and assets of $4.3M (revenue +1.5% year-over-year).
- 2018: Revenue of $11.0M, expenses of $12.4M, and assets of $4.7M (revenue +13.5% year-over-year).
- 2017: Revenue of $9.7M, expenses of $12.2M, and assets of $4.2M (revenue -17.9% year-over-year).
- 2016: Revenue of $11.8M, expenses of $13.3M, and assets of $3.4M (revenue -21.1% year-over-year).
- 2015: Revenue of $14.9M, expenses of $15.6M, and assets of $4.1M (revenue -21.3% year-over-year).
- 2014: Revenue of $19.0M, expenses of $19.4M, and assets of $5.8M (revenue -17.4% year-over-year).
- 2013: Revenue of $23.0M, expenses of $24.1M, and assets of $6.2M (revenue -7.9% year-over-year).
- 2012: Revenue of $24.9M, expenses of $24.9M, and assets of $8.8M (revenue +2.2% year-over-year).
- 2011: Revenue of $24.4M, expenses of $25.7M, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Visiting Nurse Association Health Care Services Inc:
Data Sources and Methodology
This transparency report for Visiting Nurse Association Health Care Services 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.