National Well Home Network Inc

Nonprofit profile at a glance

EIN: 821996035
IRS 990-EZ coverage: 2023–2023
Forms available: Form 990 2022, Form 990-EZ 2023
Location: Burlington, VT, USA
Phone: 2027164088
Rating: 82
Verdict: STRONG
Rating confidence: Moderate
Sector: Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue: $85,601
Expenses: $106,913
Assets: $0
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

KAREN NYSTROM MEYER (PRESIDENT)
NANCY ROCKET ELDRIDGE (CEO)

People named in this filing

KAREN NYSTROM MEYER (PRESIDENT)
ROBERT JENKENS (TREASURER)
JAMES CHANDLER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help low-income seniors age safely in place by assistance with housing-based supportive service models.

What it reported doing in 2023

The organization's program services consist of promoting and supporting implementation of housing-basedcare management models. In 2023, the nwhn provided technical assistance to housing nonprfoits in californiaand Rhode Island. The nwhn's ceo participated in several workshops and training programs including a training on the sash model in Vermont.

Operating model

Revenue model: Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 83
Transparency & Controls: 100
Sustainability: 11
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 89.7%; rating input score 90
Program expense ratio: 71.8%; rating input score 72

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -24.9%; rating input score 22; 22nd percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 40.4%; rating input score 4; 4th percentile among comparable filings

Growth

Program expense growth: Limited
Revenue growth: -10.1% per year; rating input score 0; 25th percentile among comparable filings
Asset growth: -26.9% per year; rating input score 0; 8th percentile among comparable filings

Details

Where the money goes: 89.7% of revenue deployed · 71.8% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $77K in reported program spending
Leadership: top reported pay $0 · 6 people listed
Consistency: 8 of 8 current checks pass
Schedules: 4 filed schedules
Contacts: How to reach this organization
Money network: 2 filed money-flow records
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.

High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 22/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
High — Sustainability: Officer compensation ratio scored 4/100.