Lamoille Home Health Agency Inc
- Assets
- $12.5m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 103
- Location
- Morrisville, VT
- Founding
- 09/1969
- Data as of
- 06/2023
- EIN
- 03-0224616
Organization Overview
Lamoille Home Health Agency Inc, operating under the name Lamoille Home Health & Hospice, is located in Morrisville, VT. The organization was established in 1969. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 06/2023, Lamoille Home Health & Hospice employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamoille Home Health & Hospice is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Lamoille Home Health & Hospice generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $8.0m during the year ending 06/2023. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HEALTH, INDEPENDENCE & DIGNITY THROUGH QUALITY CARE IN THE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME HEALTH CARE - PROVIDES ACUTE AND MAINTENANCE HEALTH CARE SERVICES TO PATIENTS WHO CAN BE CARED FOR AT HOME. PROMOTES AND MAINTAINS COMMUNITY HEALTH. PROVIDES SUPPORTIVE CARE FOR THE TERMINALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Berwick Nagy Board Chair | OfficerTrustee | 1 | $0 |
Virginia Brooks Board Vice Chair | OfficerTrustee | 1 | $0 |
Melissa Rose Board Secretary | OfficerTrustee | 1 | $0 |
Joanie Newton Board Treasurer | OfficerTrustee | 1 | $0 |
Eric Dodge Board Member | Trustee | 1 | $0 |
Sharon Green Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,738,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,842,417 |
| Total Program Service Revenue | $7,377,193 |
| Investment income | $249,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$266,860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,202,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $344,893 |
| Compensation of current officers, directors, key employees. | $344,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,041,364 |
| Pension plan accruals and contributions | $126,832 |
| Other employee benefits | $357,433 |
| Payroll taxes | $424,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,749 |
| Fees for services: Accounting | $41,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $402,302 |
| Advertising and promotion | $1,672 |
| Office expenses | $137,372 |
| Information technology | $34,141 |
| Royalties | $0 |
| Occupancy | $136,992 |
| Travel | $210,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,254 |
| Insurance | $51,147 |
| All other expenses | $0 |
| Total functional expenses | $8,042,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,148 |
| Savings and temporary cash investments | $828,912 |
| Pledges and grants receivable | $1,417,734 |
| Accounts receivable, net | $721,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,133 |
| Net Land, buildings, and equipment | $140,710 |
| Investments—publicly traded securities | $9,349,718 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291 |
| Total assets | $12,528,253 |
| Accounts payable and accrued expenses | $774,790 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $774,790 |
| Net assets without donor restrictions | $11,753,463 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,528,253 |