Visiting Nurse Association Of Central Jersey Inc

Visiting Nurse Association Of Central Jersey Inc faces recurring operational deficits and high liabilities.

EIN: 210639369 · Neptune, NJ · Updated: 2026-03-28

$42.9MRevenue

$33.0MAssets

45/100Mission Score (Fair)

About Visiting Nurse Association Of Central Jersey Inc

Visiting Nurse Association Of Central Jersey Inc (EIN: 210639369) is a nonprofit organization based in Neptune, NJ. The organization reported total revenue of $42.9M and total assets of $33.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Nurse Association Of Central Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Visiting Nurse Association Of Central Jersey Inc has experienced significant fluctuations in revenue and expenses over the past decade. Notably, revenue peaked at $77,315,378 in 2015 and has since declined to $24,672,125 in 2023, while expenses have generally followed a similar trend, though often exceeding revenue in recent years, indicating operational deficits. For instance, in 2023, expenses were $28,385,579 against revenues of $24,672,125, resulting in a deficit of over $3.7 million. The organization's assets have also seen a decline from a high of $48,328,328 in 2015 to $36,908,746 in 2023, while liabilities have increased, reaching $36,029,917 in 2023, which is a concern as liabilities are nearly equal to assets. The consistent reporting of 0% officer compensation across all available filings suggests either that executive compensation is not reported under this category or that the organization operates with a volunteer executive leadership, which would be highly unusual for an organization of this size and revenue. This lack of clarity on executive compensation is a significant transparency issue.

The consistent operational deficits in recent years, such as the $4,070,816 deficit in 2022 and $3,713,454 deficit in 2023, raise questions about the long-term financial sustainability and spending efficiency. While the specific breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the recurring deficits suggest that overall spending may be exceeding available resources. The high liabilities relative to assets also indicate potential financial strain. Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency, but the overall financial trend points to a need for improved financial management and potentially a re-evaluation of operational costs or revenue generation strategies. The lack of reported officer compensation is a major gap in transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Visiting Nurse Association Of Central Jersey 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 Of Central Jersey Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with revenues in the tens of millions and suggests a significant lack of transparency regarding executive pay, as it's improbable that no compensation is provided to leadership.

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 Of Central Jersey Inc's IRS 990 filings:

Consistent operational deficits in recent years (e.g., $3.7M in 2023, $4.0M in 2022).
Liabilities ($36,029,917 in 2023) are nearly equal to assets ($36,908,746), indicating high financial leverage.
Unexplained 0% officer compensation reported across all filings, raising transparency concerns.
Significant decline in revenue from $77.3M in 2015 to $24.6M in 2023 without clear explanation in provided data.

Strengths

The following positive indicators were identified for Visiting Nurse Association Of Central Jersey Inc:

Long operating history with 13 IRS 990 filings available.
Substantial asset base, despite recent declines, indicating a history of significant resources.

Frequently Asked Questions about Visiting Nurse Association Of Central Jersey Inc

Why is officer compensation consistently reported as 0%?

The IRS 990 filings consistently show 0% officer compensation, which is highly unusual for an organization of this size and revenue. This raises questions about how executive compensation is reported or if it is being paid through other entities, impacting transparency.

What is the plan to address the recurring operational deficits?

The organization has reported operational deficits in multiple recent years, including $3,713,454 in 2023 and $4,070,816 in 2022. A clear strategy for achieving financial sustainability is crucial.

How does the organization manage its high liabilities relative to assets?

In 2023, liabilities reached $36,029,917, nearly matching assets of $36,908,746. This high leverage could indicate financial risk and warrants further investigation into the nature of these liabilities and the organization's debt management strategy.

What caused the significant decline in revenue from 2015 to 2023?

Revenue decreased from $77,315,378 in 2015 to $24,672,125 in 2023, a substantial drop. Understanding the reasons behind this decline is essential for assessing the organization's future financial outlook.

Filing History

IRS 990 filing history for Visiting Nurse Association Of Central Jersey Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Visiting Nurse Association Of Central Jersey Inc's revenue has declined by 70.6%, moving from $83.8M to $24.7M. Total assets decreased by 25.9% over the same period, from $49.8M to $36.9M. Total functional expenses fell by 67.1%, from $86.3M to $28.4M. In its most recent filing year (2023), Visiting Nurse Association Of Central Jersey Inc reported a deficit of $3.7M, with expenses exceeding revenue. The organization holds $36.0M in liabilities against $36.9M in assets (debt-to-asset ratio: 97.6%), resulting in net assets of $879K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$24.7M	$28.4M	$36.9M	$36.0M	—	—
2022	$20.6M	$24.7M	$39.2M	$36.6M	—	View 990
2021	$20.2M	$21.9M	$39.0M	$29.4M	—	View 990
2020	$17.8M	$22.1M	$47.6M	$29.4M	—	View 990
2019	$24.5M	$28.2M	$38.3M	$20.4M	—	View 990
2018	$24.1M	$25.0M	$38.0M	$19.2M	—	View 990
2017	$25.0M	$24.3M	$42.4M	$20.8M	—	View 990
2016	$24.2M	$23.6M	$44.5M	$23.3M	—	View 990
2015	$77.3M	$76.7M	$48.3M	$27.2M	—	View 990
2014	$71.2M	$71.5M	$43.1M	$21.3M	—	View 990
2013	$71.1M	$72.7M	$41.6M	$19.2M	—	View 990
2012	$67.6M	$74.8M	$40.4M	$18.7M	—	View 990
2011	$83.8M	$86.3M	$49.8M	$21.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $24.7M, expenses of $28.4M, and assets of $36.9M (revenue +19.7% year-over-year).
2022: Revenue of $20.6M, expenses of $24.7M, and assets of $39.2M (revenue +1.9% year-over-year).
2021: Revenue of $20.2M, expenses of $21.9M, and assets of $39.0M (revenue +13.8% year-over-year).
2020: Revenue of $17.8M, expenses of $22.1M, and assets of $47.6M (revenue -27.5% year-over-year).
2019: Revenue of $24.5M, expenses of $28.2M, and assets of $38.3M (revenue +1.9% year-over-year).
2018: Revenue of $24.1M, expenses of $25.0M, and assets of $38.0M (revenue -3.8% year-over-year).
2017: Revenue of $25.0M, expenses of $24.3M, and assets of $42.4M (revenue +3.5% year-over-year).
2016: Revenue of $24.2M, expenses of $23.6M, and assets of $44.5M (revenue -68.7% year-over-year).
2015: Revenue of $77.3M, expenses of $76.7M, and assets of $48.3M (revenue +8.6% year-over-year).
2014: Revenue of $71.2M, expenses of $71.5M, and assets of $43.1M (revenue +0.2% year-over-year).
2013: Revenue of $71.1M, expenses of $72.7M, and assets of $41.6M (revenue +5.2% year-over-year).
2012: Revenue of $67.6M, expenses of $74.8M, and assets of $40.4M (revenue -19.4% year-over-year).
2011: Revenue of $83.8M, expenses of $86.3M, and assets of $49.8M.

Data Sources and Methodology

This transparency report for Visiting Nurse Association Of Central Jersey 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.