Vineyard Nursing Association Inc

Nonprofit profile at a glance

EIN
222557839
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Vineyard Haven, MA, USA
Phone
5086936184
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Home Health Care

Official website

Reported finances

Revenue
$4,467,146
Expenses
$4,912,333
Assets
$2,878,765
Liabilities
$2,238,390

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • MR JACK LAW (VICE PRESIDENT)
  • MR ROBERT TONTI (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • MR ROBERT TONTI (CHIEF EXECUTIVE OFFICER): $100,667 total reported compensation
  • MR RICHARD BAGDIGIAN (CHIEF FINANCIAL OFFICER): $53,513 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Vineyard nursing association is a nonprofit, premier home care provider whose mission is to provide compassionate, high quality, and state of the art care for patients and families with acute chronic, or advanced illnesses. The vineyard nursing association is committed to: providing skilled nursing, restorative and other therapeutic services and homemaker/home care aide services on a part time intermittent basis; assisting in evaluation, promoting, educating, and maintaining the health and welfare of individuals in the communities of martha's vineryard and nantucket; and promoting cooperation and collaboration among agencies and providers to improve the health and welfare of the community.

What it reported doing in 2013

Vineyard nursing association - provides skilled nursing and other health services to approximately 1,200 residents of martha's vineyard and nantucket Massachusetts and assists in evaluating, promoting, and maintaining the health and welfare of the individuals in the community.

Operating model

Revenue model
Earned-program. 89% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 23
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.3%; rating input score 78
  • Program expense ratio: 71.2%; rating input score 71
  • Fundraising efficiency: $3.49 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -10%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.78; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.8% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 36% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 78.3% of revenue deployed · 71.2% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.5M in reported program spending
  • Leadership: top reported pay $101K · 14 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Fundraising efficiency scored 14/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.