Walnut Home Therapeutics Inc
- Assets
- $66.7m
- Revenue
- $70.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1996
- Data as of
- 06/2021
- EIN
- 23-2622006
Organization Overview
Walnut Home Therapeutics Inc is located in Philadelphia, PA. The organization was established in 1996. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Home Therapeutics 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 06/2021, Walnut Home Therapeutics Inc generated $70.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $75.8m during the year ending 06/2021. While expenses have increased by 11.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICATIONS IN THE HOME TO ASSIST IN TRANSITIONING PATIENTS TO INDEPENDENT LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICATIONS IN THE HOME TO ASSIST IN TRANSITIONING PATIENTS FROM A HOSPITAL OR SKILLED FACILITY TO INDEPENDENT LIVING, PRIMARILY THROUGH INTRAVENOUS DRUG DELIVERY METHODOLOGIES IN SUPPORT OF THOMAS JEFFERSON UNIVERSITY HOSPITALS, INC. AND OTHER PHILADELPHIA AREA HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Nathans Treasurer - Trustee | OfficerTrustee | 55 | $0 |
Mary Beth Edger Vice President - Trustee | OfficerTrustee | 55 | $0 |
Richard J Webster RN Msn Chairman & President - Trustee | OfficerTrustee | 55 | $0 |
Kristin Barrett ESQ Secretary | Officer | 55 | $0 |
Joseph Anton RN Msn Trustee | Trustee | 55 | $0 |
Kevin Kleinschmidt Mbarnbsn Trustee | Trustee | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Main Line Health Inc Management Fee | 6/29/15 | $764,314 |
Main Line Health Homecare Hospice Management Fee | 6/29/15 | $335,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $70,874,075 |
| Investment income | $0 |
| 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 | $70,874,075 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,502,149 |
| Advertising and promotion | $0 |
| Office expenses | $835,772 |
| Information technology | $2,180 |
| Royalties | $0 |
| Occupancy | $1,821,390 |
| Travel | $162,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $837,845 |
| Insurance | $0 |
| All other expenses | $38,064 |
| Total functional expenses | $75,777,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,539,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,314,395 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,518,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,288,716 |
| Total assets | $66,661,852 |
| Accounts payable and accrued expenses | $1,174,964 |
| 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 | $19,117,713 |
| Total liabilities | $20,292,677 |
| Net assets without donor restrictions | $46,369,175 |
| 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 | $66,661,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elderserve Health Inc Bronx, NY | $276,950,489 | $957,027,070 |
Visiting Nurse Service Of New York Home Care Ii New York, NY | $66,481,927 | $266,599,993 |
Chinese-American Planning Council Home Attendant Program Inc New York, NY | $70,469,680 | $201,462,683 |
Visiting Nurse Association Of Central New York Inc Syracuse, NY | $77,454,509 | $171,449,300 |
Community Health Aide Services Inc Montebello, NY | $43,202,636 | $131,385,591 |
Wellspan Surgery And Rehabilitation Hospital York, PA | $85,216,385 | $93,901,214 |
Hamaspik Choice Inc Monsey, NY | $66,826,438 | $111,265,945 |
Genesee Region Home Care Association Inc Rochester, NY | $62,523,238 | $88,633,237 |
Visiting Nursing Association Of Western New York Inc Cheektowaga, NY | $57,829,171 | $111,105,902 |
Nursing Sisters Home Care Inc Farmingdale, NY | $82,721,495 | $86,717,260 |
Walnut Home Therapeutics Inc Philadelphia, PA | $66,661,852 | $70,874,075 |
Mercy Home Health Newtown Square, PA | $31,188,534 | $98,244,790 |