Civic Intelligence

Visiting Nurse Association of Ridgefield

990 • Fiscal year 2019 • EIN 06-0646613

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 31, 2019

27 Governor StreetRidgefield, CT 06877

(203) 438-5555

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.10x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

33rd percentile

0.11x

Higher debt load relative to revenue than 33% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$267,577

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

54th percentile

4.7%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

27%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$20,988,442

Up $937,062 (+4.7%) from 2018

Net Assets

Up

$18,915,940

Up $1,999,003 (+12%) from 2018

Liabilities

Down

$2,072,502

Down $1,061,941 (-34%) from 2018

Revenue

Up

$18,604,923

Up $3,921,678 (+27%) from 2018

Expenses

Up

$15,705,953

Up $13,893 (+0.1%) from 2018

Net Income

Up

$2,898,970

Up $3,907,785 (+387%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $4,921,381Liabilities 2010: $378,542Net Assets 2010: $4,542,8392010Assets 2011: $6,106,674Liabilities 2011: $366,095Net Assets 2011: $5,740,5792011Assets 2012: $6,269,818Liabilities 2012: $498,506Net Assets 2012: $5,771,3122012Assets 2013: $11,482,270Liabilities 2013: $439,593Net Assets 2013: $11,042,6772013Assets 2014: $15,620,310Liabilities 2014: $523,051Net Assets 2014: $15,097,2592014Assets 2015: $17,539,477Liabilities 2015: $609,399Net Assets 2015: $16,930,0782015Assets 2016: $20,950,024Liabilities 2016: $3,360,480Net Assets 2016: $17,589,5442016Assets 2017: $21,571,821Liabilities 2017: $3,526,369Net Assets 2017: $18,045,4522017Assets 2018: $20,051,380Liabilities 2018: $3,134,443Net Assets 2018: $16,916,9372018Assets 2019: $20,988,442Liabilities 2019: $2,072,502Net Assets 2019: $18,915,9402019Assets 2020: $24,034,747Liabilities 2020: $4,422,435Net Assets 2020: $19,612,3122020Assets 2021: $35,571,707Liabilities 2021: $2,903,960Net Assets 2021: $32,667,7472021Assets 2022: $31,744,863Liabilities 2022: $3,696,762Net Assets 2022: $28,048,1012022Assets 2023: $32,846,149Liabilities 2023: $2,656,875Net Assets 2023: $30,189,2742023Assets 2024: $35,370,981Liabilities 2024: $3,263,316Net Assets 2024: $32,107,6652024

Highlighted filing

2019

Assets$20,988,442
Liabilities$2,072,502
Net Assets$18,915,940

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $4,323,4302010Expenses 2011: $5,007,5172011Expenses 2012: $5,362,3252012Revenue 2013: $10,153,877Expenses 2013: $5,448,498Net Income 2013: $4,705,3792013Revenue 2014: $9,884,469Expenses 2014: $6,604,249Net Income 2014: $3,280,2202014Revenue 2015: $9,641,746Expenses 2015: $7,839,640Net Income 2015: $1,802,1062015Revenue 2016: $11,537,021Expenses 2016: $10,543,196Net Income 2016: $993,8252016Revenue 2017: $13,206,364Expenses 2017: $13,417,899Net Income 2017: -$211,5352017Revenue 2018: $14,683,245Expenses 2018: $15,692,060Net Income 2018: -$1,008,8152018Revenue 2019: $18,604,923Expenses 2019: $15,705,953Net Income 2019: $2,898,9702019Revenue 2020: $21,537,933Expenses 2020: $20,184,384Net Income 2020: $1,353,5492020Revenue 2021: $33,018,283Expenses 2021: $30,527,355Net Income 2021: $2,490,9282021Revenue 2022: $31,267,943Expenses 2022: $33,486,110Net Income 2022: -$2,218,1672022Revenue 2023: $33,092,693Expenses 2023: $31,944,535Net Income 2023: $1,148,1582023Revenue 2024: $36,667,132Expenses 2024: $36,041,045Net Income 2024: $626,0872024

Highlighted filing

2019

Revenue$18,604,923
Expenses$15,705,953
Net Income$2,898,970
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 31, 2019
Return Version
2018v3.1
Gross Receipts
$19,432,940
Mission and Program Overview

Mission

The mission of the Organization is to provide exceptional home and community health care services, support public health and safety and promote the highest quality of life in Western Connecticut.

The mission of the Organization is to provide the highest quality of life at every age through compassionate healthcare, community and public health services, and wellness programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,750,337$9,471,750▼ $278,587
Investments in Publicly Traded Securities$7,349,244$9,137,576▲ $1,788,332
Accounts Receivable$1,054,754$1,590,988▲ $536,234
Savings and Temporary Cash Investments$576,605$577,309▲ $704
Pledges and Grants Receivable$1,250,970$123,950▼ $1,127,020
Prepaid Expenses and Deferred Charges$69,470$86,869▲ $17,399
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$20,051,380$20,988,442▲ $937,062
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$729,491$1,089,855▲ $360,364
Mortgage Notes Payable Secured by Investment Property$2,401,452$982,647▼ $1,418,805
Other Liabilities$3,500--
Total Liabilities$3,134,443$2,072,502▼ $1,061,941
Net Assets / Fund Balance
Unrestricted Net Assets$15,861,068$17,851,985▲ $1,990,917
Temporarily Rstr Net Assets$563,537$571,623▲ $8,086
Permanently Rstr Net Assets$492,332$492,332→ $0
Total Net Assets Fund Balance$16,916,937$18,915,940▲ $1,999,003
Total Liabilities and Net Assets / Fund Balance$20,051,380$20,988,442▲ $937,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,505,401$776,506$8,206,145
Land$1,500,000-$1,500,000
Other Land Buildings$373,337$286,313$659,650
Leasehold Improvements$93,012$18,282$111,294

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$7,446,524$2,548,047▲ $525,274$1,252,740$9,267,105
2017$7,981,675-▲ $649,849$1,185,000$7,446,524
2016$7,392,018-▲ $839,657$250,000$7,981,675
2015$7,333,763$75,000▲ $65,184$81,929$7,392,018
2014$7,234,669-▲ $246,433$147,339$7,333,763
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa SantoroPresident & CEOFT$211,157$56,420$267,577
Kevin LewisCFOFT$133,887$24,013$157,900
Georgette WeisRehab DirectorFT$105,428$36,906$142,334
Debra TrevelinFinance DirectorFT$100,020$21,759$121,779
Sirikanth DesirajuPhysical TherapistFT$114,397$6,473$120,870
Kathryn Dodd JohannssenSalesFT$109,667$6,235$115,902
Clint LayogPhysical TherapistFT$105,923$6,057$111,980

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,617,629
Program Service Revenue
$13,351,628
Investment Income
$1,632,596
Other Revenue
$3,070
All Other Contributions
$3,318,932
Change in Net Assets
$2,898,970

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,590,073
Revenue Not Reported on Financial Statements
$14,850
Revenue Not Reported on Form 990
$105,153
Total Revenue per Audited Statements
$18,695,226
Total Revenue per Form 990
$18,604,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,996,324
Other Expenses$3,707,129
Total Fundraising Expense$372,375
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,445,886$1,129,593$248,216$9,823,695
Office Expenses$898,448$387,729$63,228$1,349,405
Fees for Services Other$800,214$47,890-$848,104
Payroll Taxes$690,792$119,857$19,431$830,080
Other Employee Benefits$615,113$116,216$23,466$754,795
Current Officers, Directors, Trustees, and Key Employees-$429,731-$429,731
Depreciation Depletion$230,384$41,433$6,771$278,588
Travel$225,071--$225,071
Pension Plan Contributions$136,978$15,083$5,962$158,023
Occupancy$127,914$26,047$3,756$157,717
Insurance-$75,658-$75,658
Advertising$69,138--$69,138
Interest$52,563$9,453$1,545$63,561
Fees for Services Accounting-$45,320-$45,320
Conferences and Meetings$25,695--$25,695
Fees for Services Legal-$6,864-$6,864
Other Expenses$4,500$52,984-$4,500
Grants to Domestic Individuals$2,500--$2,500
Total Functional Expenses$12,824,920$2,508,658$372,375$15,705,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,705,953
Total Expenses per Form 990$15,705,953
Total Expenses per Audited Statements$14,715,683
Expenses Not Reported on Form 990$-990,270
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$41,365
Fundraising Gross Income$40,715
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Autumn Dinner$196,100$26,400-$26,400
Spring Breakfast$135,487$12,355-$12,355
Total Events$339,412$40,715$41,365$-650
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jonthan SeamanBoard MemberMechanical ServicesNo$11,767

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The Board of Directors consists of community volunteers, who interact with each other in the normal course of business (i.e. banker, lawyer, account, etc.) unrelated to the activities of the Organization.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Organization's audit firm prepares the IRS Form 990 from information provided by the Organization. A draft copy is reviewed and approved by management. The draft is then forwarded to the Finance Committee and the Audit Committee of the Board of Directors for their review and input, if any. Then a draft copy is provided to all other members of the Board of Directors for their review and input, if any. The final copy is then filed with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annually, all members of the Board of Directors are required to read the conflict of interest policy statement, disclose any conflicts of interest, and sign.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Committee of the Board of Directors reviews the President/CEO's performance and approves any compensation changes.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Other top management's performance is reviewed by the President/CEO, who also approves any compensation changes.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization's governing documents, conflict of interest policy and financial statements are available upon request. Information is maintained by the management of the Organization.

Filing and Contact Details

Filer

Filer Name
Visiting Nurse Association of
EIN
06-0646613
Phone
2034385555
Address
27 Governor Street, Ridgefield, CT 06877

Signing Officer

Name
Theresa Santoro
Title
President & CEO
Signed
2019-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Santoro
Formed
1914
Legal Domicile
Ct
Voting Board Members
21
Independent Board Members
20
Employees
355
Volunteers
150

Preparer

Firm
Peach & McPherson CPA
Address
110 Washington Ave, North Haven, CT 06473
Preparer
Raymond S Peach
Phone
2032349426
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Proviosn for Bad Debts-Pledeg Receivables = -$990270

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

- Board-designated Funds of $8,249,650 for Long-Term Investments.- Temporarily Restricted Funds of $525,123 for various program related expenditures as restricted by donors.- Permanently Restricted Funds of $492,332 income of which is available for general operations and various program related expenditures as restricted by donors.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt256235
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt266057
IRS990/Form990PartVIISectionAGrp/PersonNm0Vicki Mueller
IRS990/Form990PartVIISectionAGrp/PersonNm1Dick Emerson
IRS990/Form990PartVIISectionAGrp/PersonNm2Daniel O'Brien
IRS990/Form990PartVIISectionAGrp/PersonNm3Thomas O'Grady
IRS990/Form990PartVIISectionAGrp/PersonNm4Susan Law RN
IRS990/Form990PartVIISectionAGrp/PersonNm5Marcie Coffin
IRS990/Form990PartVIISectionAGrp/PersonNm6Kerry Anne Ducey
IRS990/Form990PartVIISectionAGrp/PersonNm7Joseph Egan
IRS990/Form990PartVIISectionAGrp/PersonNm8Elizabeth Ellis
IRS990/Form990PartVIISectionAGrp/PersonNm9Kathy Graham
IRS990/Form990PartVIISectionAGrp/PersonNm10Joyce Ligi
IRS990/Form990PartVIISectionAGrp/PersonNm11Linda MacDonald
IRS990/Form990PartVIISectionAGrp/PersonNm12Ward Mazzucco Esq
IRS990/Form990PartVIISectionAGrp/PersonNm13Carolyn Nolan
IRS990/Form990PartVIISectionAGrp/PersonNm14Dennis Ogiela
IRS990/Form990PartVIISectionAGrp/PersonNm15Jennifer Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm16Tom Reynolds
IRS990/Form990PartVIISectionAGrp/PersonNm17Jonathan Seaman
IRS990/Form990PartVIISectionAGrp/PersonNm18Valerie van Beek MD
IRS990/Form990PartVIISectionAGrp/PersonNm19Eileen Walker
IRS990/Form990PartVIISectionAGrp/PersonNm20Theresa Santoro
IRS990/Form990PartVIISectionAGrp/PersonNm21Kevin Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm22Georgette Weis
IRS990/Form990PartVIISectionAGrp/PersonNm23Debra Trevelin
IRS990/Form990PartVIISectionAGrp/PersonNm24Sirikanth Desiraju
IRS990/Form990PartVIISectionAGrp/PersonNm25Kathryn Dodd Johannssen
IRS990/Form990PartVIISectionAGrp/PersonNm26Clint Layog
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt22Rehab Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Finance Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Physical Therapist
IRS990/Form990PartVIISectionAGrp/TitleTxt25Sales
IRS990/Form990PartVIISectionAGrp/TitleTxt26Physical Therapist
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01914
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/GrossReceiptsAmt019432940
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0712383
IRS990/LessRentalExpensesGrp/RealAmt08725
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of the Organization is to provide the highest quality of life at every age through compassionate healthcare, community and public health services, and wellness programs.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0982647
IRS990/NetAssetsOrFundBalancesBOYAmt016916937
IRS990/NetAssetsOrFundBalancesEOYAmt018915940
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01378065
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-650
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-650

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.4$3.26$32.1$36.7$36.0$0.63
2023Detailed filing. Detailed filing data is available for this year.$32.8$2.66$30.2$33.1$31.9$1.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.7$3.70$28.0$31.3$33.5$2.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.6$2.90$32.7$33.0$30.5$2.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.0$4.42$19.6$21.5$20.2$1.35
2019Detailed filing. Detailed filing data is available for this year.$21.0$2.07$18.9$18.6$15.7$2.90
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.1$3.13$16.9$14.7$15.7$1.01
2017Detailed filing. Detailed filing data is available for this year.$21.6$3.53$18.0$13.2$13.4$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$3.36$17.6$11.5$10.5$0.99
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$0.61$16.9$9.64$7.84$1.80
2014Detailed filing. Detailed filing data is available for this year.$15.6$0.52$15.1$9.88$6.60$3.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.44$11.0$10.2$5.45$4.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.27$0.50$5.77$5.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$0.37$5.74$5.01
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.38$4.54$4.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $10M-$25M nonprofits