Colorado Visiting Nurse Association

Nonprofit profile at a glance

EIN
841043351
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Denver, CO, USA
Phone
3037804600
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Home Health Care

Official website

Reported finances

Revenue
$8,629,072
Expenses
$9,823,728
Assets
$3,313,683
Liabilities
$1,398,268

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • TIM J BOWEN (PRESIDENT/CHIEF EXECUTIVE OFFICER)
  • EVERTH E LOPEZ (PRESIDENT/DIRECTOR)
  • JULIE NUNLEY (FORMER PRESIDENT/DIRECTOR)

Highest reported compensation

  • TIM J BOWEN (PRESIDENT/CHIEF EXECUTIVE OFFICER): $1,691,438 total reported compensation
  • EVERTH E LOPEZ (PRESIDENT/DIRECTOR): $403,057 total reported compensation
  • PAUL E TOSETTI (CHIEF FINANCIAL OFFICER (THRU MAY)): $328,943 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Colorado visiting nurse association is committed to a continuum of health care in the home and community supporting optimal well-being, independence, and dignity.

What it reported doing in 2024

Today, Colorado visiting nurse association (cvna) cares for an excess of 10,000 individuals annually, including many who are uninsured or underinsured. Our comprehensive array of health services spans all levels of acuity of care for individuals, communities and businesses. Cvna has also developed innovative programs to help seniors age in place. Home health - cvna supports patients recovering from illness or injury, or those who just need a little assistance to remain independent, by providing nursing, medical social work, and physical and occupational therapies. An individualized, comprehensive care plan is developed to promote continuity of care for the patient. Hospice and palliative care - for over two decades, cvna has provided hospice care for patients with limited life expectancies who desire treatment for pain and other symptoms when curative treatments are no longer beneficial. Our all-inclusive approach focuses on the physical, psychosocial, and spiritual needs of each patient and their families. Wellness services - cvna provides wellness visits to elderly patients that consist of a 30-minute visit with a registered nurse to receive a wellness assessment, health care counseling, and medical foot care. Cvna also provides community health and immunizations, as well as corporate wellness, by partnering with businesses to promote healthy lifestyles for employees in and out of the office. Options include immunizations, health risks assessments, biometric screenings, and labs.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 74
  • Accountability: 93
  • Sustainability: 14
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 76.6%; rating input score 77
  • Fundraising efficiency: $11.29 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 19th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -13.8%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -6.9% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 76.6% of spending went to programs
  • Governance: 7 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.5M in reported program spending
  • Leadership: top reported pay $1.7M · 15 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.6M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.