Visiting Nurse Association Health Group Inc
Visiting Nurse Association Health Group: Financial Volatility Amidst Consistent Mission
EIN: 222500029 · Neptune, NJ · Updated: 2026-04-04
About Visiting Nurse Association Health Group Inc
Visiting Nurse Association Health Group Inc (EIN: 222500029) is a nonprofit organization based in Neptune, NJ. The organization reported total revenue of $46.6M and total assets of $52.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Nurse Association Health Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Visiting Nurse Association Health Group 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, Visiting Nurse Association Health Group 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.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings.
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 Group Inc's IRS 990 filings:
- Significant fluctuations in net assets, from $56.5M in 2022 to $44.1M in 2023, warrant further investigation into the causes.
- Expenses exceeded revenue in 2023 ($47.5M expenses vs. $46.0M revenue), indicating an operating deficit for the year.
Strengths
The following positive indicators were identified for Visiting Nurse Association Health Group Inc:
- Consistently high revenue generation over multiple years, averaging over $40M annually.
- Maintains a substantial asset base, with total assets exceeding $44M in 2023.
- Demonstrates a long-standing presence and operational history dating back to at least 2016 with consistent financial reporting.
Frequently Asked Questions about Visiting Nurse Association Health Group Inc
What does Visiting Nurse Association Health Group Inc do?
Visiting Nurse Association Health Group Inc is a nonprofit organization in the Unknown sector, located in Neptune, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Visiting Nurse Association Health Group Inc have?
Visiting Nurse Association Health Group Inc reported total revenue of $46,621,565. Based on 13 IRS 990 filings on record.
What are Visiting Nurse Association Health Group Inc's total assets?
Visiting Nurse Association Health Group Inc holds total assets of $52,510,667 as reported in IRS 990 filings.
Where is Visiting Nurse Association Health Group Inc located?
Visiting Nurse Association Health Group Inc is based in Neptune, New Jersey.
What is Visiting Nurse Association Health Group Inc's EIN?
Visiting Nurse Association Health Group Inc's Employer Identification Number (EIN) is 222500029. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Visiting Nurse Association Health Group Inc?
Visiting Nurse Association Health Group Inc is classified under NTEE code Unknown (Unknown).
Is Visiting Nurse Association Health Group Inc a registered 501(c)(3)?
Visiting Nurse Association Health Group Inc appears in IRS records (EIN: 222500029). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Visiting Nurse Association Health Group Inc file IRS Form 990?
Yes, Visiting Nurse Association Health Group Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Visiting Nurse Association Health Group Inc's revenue in 2023?
In the 202312 filing period, Visiting Nurse Association Health Group Inc reported total revenue of $46,070,804, total expenses of $47,520,133, and net assets of $44,193,906.
Is Visiting Nurse Association Health Group Inc's revenue growing or declining?
Visiting Nurse Association Health Group Inc's revenue is relatively stable. Revenue went from $47,308,669 (202212) to $46,070,804 (202312), a -2.6% change. Based on 13 filings on record.
What is Visiting Nurse Association Health Group Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Visiting Nurse Association Health Group Inc covers tax period 202312. It shows revenue of $46,070,804, expenses of $47,520,133, total assets of $44,193,906, and liabilities of $21,516,921.
How much does Visiting Nurse Association Health Group Inc spend on programs vs administration?
Based on IRS 990 analysis, Visiting Nurse Association Health Group Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Visiting Nurse Association Health Group Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Visiting Nurse Association Health Group Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Visiting Nurse Association Health Group Inc?
The following concerns were identified: Significant fluctuations in net assets, from $56.5M in 2022 to $44.1M in 2023, warrant further investigation into the causes.. Expenses exceeded revenue in 2023 ($47.5M expenses vs. $46.0M revenue), indicating an operating deficit for the year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Visiting Nurse Association Health Group Inc's strengths?
Positive indicators for Visiting Nurse Association Health Group Inc include: Consistently high revenue generation over multiple years, averaging over $40M annually.. Maintains a substantial asset base, with total assets exceeding $44M in 2023.. Demonstrates a long-standing presence and operational history dating back to at least 2016 with consistent financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Visiting Nurse Association Health Group Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the $12.4 million decrease in net assets from 2022 to 2023, and how is the organization addressing this trend?
The data shows total assets decreased from $56,578,230 in 2022 to $44,193,906 in 2023, alongside expenses exceeding revenue in 2023 ($47,520,133 vs. $46,070,804). This suggests operational losses and/or significant asset write-downs or divestitures as primary drivers.
Given the consistent revenue generation, what is the organization's strategy for managing the recurring instances of expenses exceeding revenue, as seen in 2023 and 2021?
The organization experienced expenses exceeding revenue in 2023 ($47.5M vs $46.0M) and 2021 ($57.9M vs $52.1M). A sustainable financial model would typically aim for consistent surpluses or balanced budgets, suggesting a need for strategic cost management or revenue diversification.
Filing History
IRS 990 filing history for Visiting Nurse Association Health Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Visiting Nurse Association Health Group Inc's revenue has grown by 208.7%, moving from $14.9M to $46.1M. Total assets increased by 219.9% over the same period, from $13.8M to $44.2M. Total functional expenses rose by 217.3%, from $15.0M to $47.5M. In its most recent filing year (2023), Visiting Nurse Association Health Group Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $21.5M in liabilities against $44.2M in assets (debt-to-asset ratio: 48.7%), resulting in net assets of $22.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $46.1M | $47.5M | $44.2M | $21.5M | — | — |
| 2022 | $47.3M | $44.5M | $56.6M | $30.5M | — | View 990 |
| 2021 | $52.2M | $58.0M | $45.9M | $25.5M | — | View 990 |
| 2020 | $44.8M | $35.8M | $47.0M | $23.9M | — | View 990 |
| 2019 | $43.2M | $41.2M | $40.9M | $26.9M | — | View 990 |
| 2018 | $40.6M | $35.1M | $38.4M | $26.3M | — | View 990 |
| 2017 | $36.9M | $30.4M | $39.8M | $18.7M | — | View 990 |
| 2016 | $33.5M | $24.9M | $44.0M | $27.4M | — | View 990 |
| 2015 | $17.6M | $15.9M | $22.5M | $15.9M | — | View 990 |
| 2014 | $15.7M | $14.5M | $15.0M | $11.6M | — | View 990 |
| 2013 | $15.5M | $14.4M | $13.3M | $11.3M | — | View 990 |
| 2012 | $14.7M | $14.8M | $12.7M | $13.1M | — | View 990 |
| 2011 | $14.9M | $15.0M | $13.8M | $14.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.1M, expenses of $47.5M, and assets of $44.2M (revenue -2.6% year-over-year).
- 2022: Revenue of $47.3M, expenses of $44.5M, and assets of $56.6M (revenue -9.3% year-over-year).
- 2021: Revenue of $52.2M, expenses of $58.0M, and assets of $45.9M (revenue +16.4% year-over-year).
- 2020: Revenue of $44.8M, expenses of $35.8M, and assets of $47.0M (revenue +3.7% year-over-year).
- 2019: Revenue of $43.2M, expenses of $41.2M, and assets of $40.9M (revenue +6.4% year-over-year).
- 2018: Revenue of $40.6M, expenses of $35.1M, and assets of $38.4M (revenue +10.2% year-over-year).
- 2017: Revenue of $36.9M, expenses of $30.4M, and assets of $39.8M (revenue +9.9% year-over-year).
- 2016: Revenue of $33.5M, expenses of $24.9M, and assets of $44.0M (revenue +90.1% year-over-year).
- 2015: Revenue of $17.6M, expenses of $15.9M, and assets of $22.5M (revenue +12.4% year-over-year).
- 2014: Revenue of $15.7M, expenses of $14.5M, and assets of $15.0M (revenue +1.3% year-over-year).
- 2013: Revenue of $15.5M, expenses of $14.4M, and assets of $13.3M (revenue +5.6% year-over-year).
- 2012: Revenue of $14.7M, expenses of $14.8M, and assets of $12.7M (revenue -1.8% year-over-year).
- 2011: Revenue of $14.9M, expenses of $15.0M, and assets of $13.8M.
Data Sources and Methodology
This transparency report for Visiting Nurse Association Health Group 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.