Visiting Nurses Foundation Inc

Nonprofit profile at a glance

EIN
141653755
IRS 990 coverage
2014–2022
Forms available
Form 990 2022
Location
Albany, NY, USA
Phone
5184892681
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$32,769
Expenses
$36,014
Assets
$1,710,882
Liabilities
$11,216

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Anthony Durante (President)
  • Joan Hart (Vice President)
  • Samantha DiCicco (Chief Executive Officer)
  • Susan Larman (Past Chief Executive Officer)

Highest reported compensation

  • Susan Larman (Past Chief Executive Officer): $265,722 total reported compensation
  • Paul Rice (Chief Financial Officer): $198,710 total reported compensation
  • Samantha DiCicco (Chief Executive Officer): $163,355 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The sole and exclusive fundraising organization for the Visiting Nurse Association of Albany, Inc. Monies are raised for charity care, special equipment and programs, and other unreimbursed expenses.

What it reported doing in 2022

Funds raised and distributed to affiliated organization: Visiting Nurse Association of Albany, Inc. 35 Colvin Avenue, Albany, NY 12206 EIN: 14-1340125

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 60
  • Accountability: 100
  • Sustainability: 54
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: $0.04 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: -9.9%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 47.51; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 221.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -60% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -12.9% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -14.5% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $266K · 13 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 9 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 21 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.