Visiting Nurse Service Of Ithaca And Tompkins County Inc

About Visiting Nurse Service Of Ithaca And Tompkins County Inc

Visiting Nurse Service Of Ithaca And Tompkins County Inc (EIN: 222588448) is a nonprofit organization based in Ithaca, NY, classified under NTEE code E92Z. The organization reported total revenue of $4.7M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Nurse Service Of Ithaca And Tompkins County 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 Service Of Ithaca And Tompkins County Inc with a Mission Score of 85 out of 100 (Excellent). 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: 85%
• fundraising: 5%

According to IRS 990 filings, Visiting Nurse Service Of Ithaca And Tompkins County Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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, preventing a specific assessment of individual salaries.

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 Service Of Ithaca And Tompkins County Inc's IRS 990 filings:

• The organization experienced a net loss in 2022, with expenses ($4,518,055) exceeding revenue ($4,472,488), though this was a recovery from a larger loss in 2020.
• Total liabilities have shown some fluctuation, reaching a high of $1,271,365 in 2020, which warrants monitoring relative to assets.

Strengths

The following positive indicators were identified for Visiting Nurse Service Of Ithaca And Tompkins County Inc:

• The organization consistently maintains a strong asset base, with assets growing from $1,511,827 in 2016 to $2,354,654 in 2023.
• Despite revenue fluctuations, the organization has consistently provided services for many years, indicating operational resilience.
• The organization's revenue has shown a positive trend in recent years, increasing from $4,472,488 in 2022 to $4,688,045 in 2023.

Frequently Asked Questions about Visiting Nurse Service Of Ithaca And Tompkins County Inc

Filing History

IRS 990 filing history for Visiting Nurse Service Of Ithaca And Tompkins County Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Visiting Nurse Service Of Ithaca And Tompkins County Inc's revenue has grown by 115.7%, moving from $2.2M to $4.7M. Total assets increased by 119.9% over the same period, from $1.1M to $2.4M. Total functional expenses rose by 84.4%, from $2.5M to $4.6M. In its most recent filing year (2023), Visiting Nurse Service Of Ithaca And Tompkins County Inc reported a surplus of $63K, with revenue exceeding expenses. The organization holds $285K in liabilities against $2.4M in assets (debt-to-asset ratio: 12.1%), resulting in net assets of $2.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $4.7M, expenses of $4.6M, and assets of $2.4M (revenue +4.8% year-over-year).
• 2022: Revenue of $4.5M, expenses of $4.5M, and assets of $2.3M (revenue -14.7% year-over-year).
• 2021: Revenue of $5.2M, expenses of $4.2M, and assets of $2.5M (revenue +22.2% year-over-year).
• 2020: Revenue of $4.3M, expenses of $4.6M, and assets of $2.2M (revenue -13.4% year-over-year).
• 2019: Revenue of $5.0M, expenses of $5.0M, and assets of $1.7M (revenue +3.7% year-over-year).
• 2018: Revenue of $4.8M, expenses of $4.8M, and assets of $1.6M (revenue +3.1% year-over-year).
• 2017: Revenue of $4.6M, expenses of $4.4M, and assets of $1.6M (revenue +9.3% year-over-year).
• 2016: Revenue of $4.2M, expenses of $4.6M, and assets of $1.5M (revenue -1.2% year-over-year).
• 2015: Revenue of $4.3M, expenses of $4.2M, and assets of $1.8M (revenue +6.0% year-over-year).
• 2014: Revenue of $4.0M, expenses of $3.6M, and assets of $1.6M (revenue +19.8% year-over-year).
• 2013: Revenue of $3.4M, expenses of $3.0M, and assets of $1.2M (revenue +29.3% year-over-year).
• 2012: Revenue of $2.6M, expenses of $2.7M, and assets of $981K (revenue +20.2% year-over-year).
• 2011: Revenue of $2.2M, expenses of $2.5M, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Visiting Nurse Service Of Ithaca And Tompkins County 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.