Vna Care Hospice Inc
- Assets
- $22.5m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 158
- Location
- Worcester, MA
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 04-3217872
Organization Overview
Vna Care Hospice Inc is located in Worcester, MA. The organization was established in 1995. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Vna Care Hospice Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vna Care Hospice Inc 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 12/2023, Vna Care Hospice Inc generated $18.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $17.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 9 years. 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
PROVIDES MEDICAL CARE TO THE TERMINALLY ILL AND SUPPORTIVE SERVICES FOR FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE PROGRAM - CLINICIANS CARING FOR TERMINALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Rose President/chief Executive Officer | OfficerTrustee | 1 | $0 |
Stephen Gut Treasurer/chief Financial Officer | OfficerTrustee | 1 | $0 |
Rita S Advani Chair | OfficerTrustee | 0.5 | $0 |
Renee L Harper First Vice Chair | OfficerTrustee | 0.5 | $0 |
Katharine Bolland Eshghi Clerk | OfficerTrustee | 0.5 | $0 |
James Cosgrove Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Enclara Pharmacia Pharmacy | 12/30/23 | $594,233 |
Invaserv Llc Dme Billing | 12/30/23 | $414,850 |
Medline Industries Inc Medical Supplies | 12/30/23 | $364,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $918,874 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,018,874 |
| Total Program Service Revenue | $17,169,859 |
| Investment income | $327,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,519,019 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,369,579 |
| Pension plan accruals and contributions | $64,647 |
| Other employee benefits | $704,669 |
| Payroll taxes | $606,766 |
| Fees for services: Management | $4,584,605 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $862,510 |
| Advertising and promotion | $0 |
| Office expenses | $105,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $531,545 |
| Travel | $248,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,588 |
| Insurance | $0 |
| All other expenses | $1,606,068 |
| Total functional expenses | $17,868,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,952 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,502,568 |
| 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 | $8,994 |
| Net Land, buildings, and equipment | $1,970,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $64,518 |
| Other assets | $18,435,066 |
| Total assets | $22,478,711 |
| Accounts payable and accrued expenses | $1,486,122 |
| 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 | $155,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,701 |
| Total liabilities | $1,705,823 |
| Net assets without donor restrictions | $20,772,888 |
| 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 | $22,478,711 |