Vnsw Foundation Inc
Nonprofit profile at a glance
- EIN
- 475633860
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015
- Location
- White Plains, NY, USA
- Phone
- 9146821480
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $1,106,623
- Expenses
- $725,521
- Assets
- $22,581,414
- Liabilities
- $1,332,706
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- TIMOTHY P LEDDY (PRESIDENT/CEO THRU SEPT 2024)
- JENNIFER BRULLO (PRESIDENT/CEO)
Highest reported compensation
- TIMOTHY P LEDDY (PRESIDENT/CEO THRU SEPT 2024): $575,343 total reported compensation
- JENNIFER BRULLO (PRESIDENT/CEO): $110,576 total reported compensation
- CHRISTOPHER CARDONE (CFO THRU MAR 2024): $77,125 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 engage in various fundraising activities to assist with the mission of its sister affiliate, visiting nurse services in westchester, inc. By increasing awareness of the programs and activities of the agency.
What it reported doing in 2024
The organization engages in various fundraising activities to assist with the mission of its sister affiliate, visiting nurse services in westchester inc., by increasing awareness of the programs and activities of the agency. The foundation will also sponsor annual appeal programs which may consist of sending out mass mailings as a part of its fundraising efforts in order to further its mission.
Operating model
- Revenue model
- Investment-supported. 85% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 12
- Transparency & Controls: 71
- Accountability: 86
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.1%; rating input score 14
- Program expense ratio: 10%; rating input score 10
- Fundraising efficiency: $2.94 raised per $1 spent on fundraising; rating input score 9; 9th 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: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 34.4%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 31.12; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 10.3%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -6.9% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 11.9% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 14.1% of revenue deployed · 10% of spending went to programs
- Governance: 6 of 6 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $575K · 10 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $317K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 5 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 14/100.
- High — Financial Efficiency: Program expense ratio scored 10/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.