Southcoast Visiting Nurse Association Inc
Nonprofit profile at a glance
- EIN
- 042105745
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fairhaven, MA, USA
- Phone
- 5089733213
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Nursing Services (General)
Reported finances
- Revenue
- $56,816,760
- Expenses
- $52,142,938
- Assets
- $37,585,550
- Liabilities
- $8,656,519
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- DAVID MCCREADY (EX-OFFICIO, PRESIDENT & CEO)
- RAYFORD KRUGER (FORMER PRESIDENT & EX-OFFICIO)
Highest reported compensation
- DAVID MCCREADY (EX-OFFICIO, PRESIDENT & CEO): $1,798,618 total reported compensation
- RENEE CLARK (TTEE, CLERK (AS OF 9/2025), EVP COO): $1,424,360 total reported compensation
- RAYFORD KRUGER (FORMER PRESIDENT & EX-OFFICIO): $1,349,066 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster improvement and maintenance of health, prevention of disease and disability and compassionate end-of-life care in the home setting. (see schedule o)
What it reported doing in 2024
Hospice care - provides a specialized kind of care that offers comfort and support to patients who are no longer seeking active treatment and have a life expectancy of months or weeks. Hospice care is a form of palliative care that aims to improve the quality of life and provide pain relief and other comfort measures for terminally ill people. During fiscal 2025, vna had 90,978 hospice program visits.
Operating model
- Revenue model
- Earned-program. 98% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 71
- Accountability: 52
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.4%; rating input score 77
- Program expense ratio: 84.5%; rating input score 85
- Fundraising efficiency: $317.98 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.2%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 77.4% of revenue deployed · 84.5% of spending went to programs
- Governance: 3 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $44.1M in reported program spending
- Leadership: top reported pay $1.8M · 20 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 10 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.