Civic Intelligence

Vna Corporations Inc

EIN 06-1142892 • 501(c)3 • Bridgeport, CT

Profile

Support the advancement of health care through its affiliates.

765 Fairfield AveBridgeport, CT 06604-3702

www.vnsct.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$98,024

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 225.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-57%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $4,320,730 (-100%) from 2018

Liabilities

Down

$0

Down $7,501 (-100%) from 2018

Net Assets

Down

$0

Down $4,313,229 (-100%) from 2018

Revenue

Down

$43,437

Down $58,679 (-57%) from 2018

Expenses

Down

$25,568

Down $16,396 (-39%) from 2018

Net Income

Down

$17,869

Down $42,283 (-70%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $3,936,122Liabilities 2010: $110Net Assets 2010: $3,936,0122010Assets 2011: $4,243,539Liabilities 2011: $30Net Assets 2011: $4,243,5092011Assets 2012: $3,868,806Liabilities 2012: $50Net Assets 2012: $3,868,7562012Assets 2013: $3,964,560Liabilities 2013: $50Net Assets 2013: $3,964,5102013Assets 2014: $4,213,135Liabilities 2014: $85Net Assets 2014: $4,213,0502014Assets 2015: $4,036,095Liabilities 2015: $35Net Assets 2015: $4,036,0602015Assets 2016: $4,088,573Liabilities 2016: $70Net Assets 2016: $4,088,5032016Assets 2017: $4,247,372Liabilities 2017: $185Net Assets 2017: $4,247,1872017Assets 2018: $4,320,730Liabilities 2018: $7,501Net Assets 2018: $4,313,2292018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Expenses 2010: $40,5262010Expenses 2011: $38,4962011Revenue 2012: $136,835Expenses 2012: $43,956Net Income 2012: $92,8792012Revenue 2013: $102,434Expenses 2013: $41,710Net Income 2013: $60,7242013Revenue 2014: $152,167Expenses 2014: $47,500Net Income 2014: $104,6672014Revenue 2015: $101,573Expenses 2015: $45,760Net Income 2015: $55,8132015Revenue 2016: $211,484Expenses 2016: $38,221Net Income 2016: $173,2632016Revenue 2017: $95,956Expenses 2017: $48,768Net Income 2017: $47,1882017Revenue 2018: $102,116Expenses 2018: $41,964Net Income 2018: $60,1522018Revenue 2019: $43,437Expenses 2019: $25,568Net Income 2019: $17,8692019

Highlighted filing

2019

Revenue$43,437
Expenses$25,568
Net Income$17,869

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 1, 2016
Return Version
2015v2.1
Gross Receipts
$211,484
Mission and Program Overview

Mission

Support the advancement of health care through its affiliates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,992,222$4,049,025▲ $56,803
Cash and Non-Interest-Bearing Accounts$33,873$29,548▼ $4,325
Total Assets$4,036,095$4,088,573▲ $52,478
Other Assets Total$10,000$10,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$35$70▲ $35
Total Liabilities$35$70▲ $35
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,565,589$2,506,178▼ $59,411
Unrestricted Net Assets$1,397,926$1,509,780▲ $111,854
Permanently Rstr Net Assets$72,545$72,545→ $0
Total Net Assets Fund Balance$4,036,060$4,088,503▲ $52,443
Total Liabilities and Net Assets / Fund Balance$4,036,095$4,088,573▲ $52,478

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,638,134$0▼ $37,665$0$2,578,724
2014$2,759,162$0▲ $108,991$202,900$2,638,134
2013$2,749,830$0▲ $511,432$478,685$2,759,162
2012$2,487,375$0▲ $285,524$0$2,749,830
2011$2,455,999$0▲ $51,813$0$2,487,377
Compensation and Service Providers

Board Members and Trustees

NameTitle
Allan F TibbittsChairman
Paul E MayerVice Chairman
Mark FriesBoard Member
William F Sullivan JrPres / CEO
Robert V RodiaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$139,809
Program Service Revenue
$0
Investment Income
$71,675
Other Revenue
$0
All Other Contributions
$139,809
Change in Net Assets
$173,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,261
Revenue Not Reported on Financial Statements
$83,223
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$83,223
Total Revenue per Audited Statements
$128,261
Total Revenue per Form 990
$211,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$33,792$0$0$33,792
Fees for Services Accounting$4,429$0$0$4,429
Total Functional Expenses$38,221$0$0$38,221

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$38,221
Expenses Not Reported on Financial Statements$21,813
Other Expense Adjustments$21,813
Expenses per Audited Statements$16,408
Total Expenses per Audited Statements$16,408
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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, Section B, Line 11B

Form 990 is reviewed by the President/CEO, Chairman of the Board of Directors and all officers of the Board. In addition the Agency's independent auditors, BKD, CPA and Advisors, LLC review the form.

Form 990, Part VI, Section B, Line 12C

Annually all Officers, Board Members are required to sign a conflict of interest statement. This is performed as apart of the initial meeting of the board of directors for each fiscal year. Referenced to HR Policy 203

Form 990, Part VI, Section B, Line 15

The Board of Directors determines the President/CEO compensation package. The Board delegates the process to the Board Compensation Committee which reviews and establishes the compensation level. The information utilized by the committee includes: (1) consultation evaluation and advice from the Agency's independent accountants (BKD, CPA and Advisors). An Evaluation report is presented to the committee by the accountants that presents a review of the compensation level compared to other health care executive compensation agreements. (2) Home Care specific industry compensation surveys (State and National) (2) review of Form 990 files of Like-kind entities, and (4) other available relevant industry/ market. Additionally compensation is also determined based on performance / achievements, financial resources, fairness and reasonableness, education and length of service and position retention and replacement factors. The Chairman of the board of Directors performs a detailed annual review of the Presidents performance with input from members of the Executive and Compensation Committees. The compensation level of other officers and key Employees ( VP/CFO, FVP of Human Resources, Etc.) is also developed based on the above criteria

Form 990, Part VI, Section C, Line 18

All items that are required and subject to disclosure are made available upon request when the request is made. The complete 990 from is display on the Guidestar Website for public viewing

Form 990, Part VI, Section C, Line 19

All items that are required and subject to disclosure are made available upon request when the request is made. The complete 990 form is displayed on the Guidestar Website for public viewing.

Filing and Contact Details

Filer

Filer Name
Vna Corporations Inc
EIN
06-1142892
Phone
2033663821
Address
765 Fairfield Ave, Bridgeport, CT 06604-3702

Signing Officer

Name
William F Sullivan Jr
Title
President / CEO
Phone
2033663821
Signed
2016-11-01

Organization Details

Principal Officer
William F Sullivan JR
Formed
1985
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

Funds established to support and further the missions of Visiting Nurse Services of CT Inc. and Partners in Care, both affiliates of VNA Corporation Inc.

Schedule D, Part XI, Line 4B

The Audit Report reflects changes in Unrealized Gains and Losses on Trading Securities of $37,573 in the Unrestricted Revenues and less Temporarily Restricted Net Assets Investment Returns of $45,650 already included in total revenue for a total of $83,223

Schedule D, Part XII, Line 4B

The Audit Report shows Professional Fees and Other Expense for Temporary Restricted Net Assets of $21,813 separate from Unrestricted

Raw XML AppendixShowing 400 of 611 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm2Robert V Rodia
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/RevenueAmt071675
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IRS990ScheduleA/SupportedOrganizationsCnt03
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Partners In Care Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Visiting Nurse Services of Connecticut Inc
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02749830
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