Waveny LifeCare Network
Legal name: Waveny Home Healthcare Inc
Nonprofit profile at a glance
- EIN
- 453836516
- IRS 990 coverage
- 2011–2020
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2020
- Location
- New Canaan, CT, USA
- Phone
- (203) 666-2442
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Home Health Care
Reported finances
- Revenue
- $3,961,874
- Expenses
- $4,916,833
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- RUSSELL BARKSDALE (CEO/DIRECTOR EX OFFICIO)
- CAROL MCDONNELL SMITH (VICE PRESIDENT HOME HEALTH)
- SHARON BRADLEY (PRESIDENT & CEO VNHFC (THRU 7/1/2021) FORMER)
Highest reported compensation
- RUSSELL BARKSDALE (CEO/DIRECTOR EX OFFICIO): $523,456 total reported compensation
- RICHARD NANKEE (CFO (THRU JUNE 2021) FORMER): $310,442 total reported compensation
- JERRY KEMPER (CFO (START 7/12/2021)): $255,828 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Waveny LifeCare Network provides a comprehensive continuum of healthcare to serve the changing needs of seniors from all areas. We offer a progression of therapeutic programs, services and living options to enhance quality of life for those we serve.
What it reported doing in 2020
Home health care services - nursing, rehabilitative, social work and nutritional services provided to clients in their homes.
Operating model
- Revenue model
- Earned-program. 100% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 55
- Accountability: 95
- Sustainability: 7
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 67.9%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th 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: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 64th 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -24.1%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 6.6%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 17% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 15.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 9.8% per year; rating input score 100; 62nd percentile among comparable filings
Details
- What they do: 10 programs and campaigns described on the official site
- Where the money goes: 84.2% of revenue deployed · 67.9% of spending went to programs
- Governance: 19 of 19 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.3M in reported program spending
- Leadership: top reported pay $523K · 33 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 10 filing years from 2011 to 2020
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.