Viecare Beaver Llc

Nonprofit profile at a glance

EIN
260363509
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Cranberry Township, PA, USA
Phone
7247422246
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$48,265,018
Expenses
$44,609,674
Assets
$53,781,090
Liabilities
$12,260,068

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

Leadership & pay

11 people listed

Highest reported compensation

  • DAVID J FENOGLIETTO (CHAIRMAN): $502,791 total reported compensation
  • JEFFREY L CARRAWAY (CFO): $268,264 total reported compensation
  • DOUGLAS STAMM (PHYSICIAN): $231,608 total reported compensation

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

Overview

Mission

The program for all-inclusive care for the elderly is a model of senior care nationally known as p.a.c.e. In the state of Pennsylvania, the acronym for this program is known as l.i.f.e. (living independence for the elderly). Life is an integrated model of care designed to enable medicare and medicaid to serve seniors through a seamless process of continuous care and services. This program enables the frail nursing home eligible low income individuals the option of continuing to live in the community.life coordinates and provides all needed preventive, primary, acute and long-term care services to its participants through an interdisciplinary team of health care professionals that evaluate, assess and provide for the individual needs of the participant as they change through various stages of aging or medical need. Delivery of care is rendered through an adult day health center that provides an array of services from physician care to social stimulation.

What it reported doing in 2024

Life (living independence for the elderly) is a comprehensive health care and supportive services program designed to enhance the ability of older adults 55 years of age and older to live safely in their homes and communities. It is a capitated program, funded through the Pennsylvania department of human services and centers for medicaid and medicare services. Most life participants are dually eligible for medicare and medicaid and therefore receive the program at no direct cost to them. Life programs are known nationally as pace (program of all inclusive care for the elderly). Life beaver and lawrence counties is a partnership of lutheran seniorlife and heritage valley health system.life coordinates and provides all needed preventive, primary, acute and post-acute care services to its participants through an interdisciplinary team of health care professionals that evaluate, assess and provide for the individual needs of the participant as they change through various stages of aging or medical need. Based on an individual's need, life can provide: comprehensive medical care by an interdisciplinary team of healthcare professionals; an on-call nurse and physician available 24 hours a day; adult day services; personal care; home care; housekeeping and laundry; rehabilitation therapies; transportation to the life center and medical appointments; medications and medication management; meals; medical equipment; and dentistry, optometry, and audiology.

Operating model

Revenue model
Earned-program. 97% 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 70
  • Accountability: 66
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.6%; rating input score 78
  • Program expense ratio: 83.8%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • 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: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 7.6%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 1.21; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 77.6% of revenue deployed · 83.8% of spending went to programs
  • Governance: 3 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $37.4M in reported program spending
  • Leadership: top reported pay $503K · 11 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.4M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 22 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.

  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.