Southcoast Visiting Nurse Association Inc
- Assets
- $27.6m
- Revenue
- $43.4m
- Investments
- $2.1m
- Employees
- 411
- Location
- Fairhaven, MA
- Founding
- 04/1941
- Data as of
- 09/2023
- EIN
- 04-2105745
Organization Overview
Southcoast Visiting Nurse Association Inc is located in Fairhaven, MA. The organization was established in 1941. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 09/2023, Southcoast Visiting Nurse Association Inc employed 411 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southcoast Visiting Nurse Association 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 09/2023, Southcoast Visiting Nurse Association Inc generated $43.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $42.5m during the year ending 09/2023. While expenses have increased by 3.6% 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 FOSTER IMPROVEMENT AND MAINTENANCE OF HEALTH, PREVENTION OF DISEASE AND DISABILITY AND COMPASSIONATE END-OF- LIFE CARE IN THE HOME SETTING. (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE - PROVIDES ACUTE HEALTHCARE TO PATIENTS AT HOME, BEREAVEMENT SUPPORT AND COUNSELING FOR GRIEVING LOVED ONES.
HOSPICE CARE - PROVIDES A SPECIALIZED KIND OF CARE THAT OFFERS COMFORT AND SUPPORT TO PATIENTS WHO ARE NO LONGER SEEKING ACTIVE TREATMENT AND HAVE A LIFE EXPECTANCY OF MONTHS OR WEEKS. HOSPICE CARE IS A FORM OF PALLIATIVE CARE THAT AIMS TO IMPROVE THE QUALITY OF LIFE AND PROVIDE PAIN RELIEF AND OTHER COMFORT MEASURES FOR TERMINALLY ILL PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rayford S Kruger MD President And Ex-Officio | OfficerTrustee | 5.5 | $0 |
Renee Clark Chair(as Of 7/23),evp&coo(shg) | OfficerTrustee | 2.5 | $0 |
Wade Broughman Treasurer, Evp Fin & Cfo(shg) | OfficerTrustee | 2.5 | $0 |
Jeffrey Lawrence MD Vice Chair | OfficerTrustee | 2.5 | $0 |
Miguel Brillantes MD Trustee (until 7/2023) | Trustee | 1.5 | $0 |
James Witkowski Trustee (as Of 1/23) | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Recovery Solutions Inc It Solutions | 9/29/23 | $433,475 |
Enclara Pharmacia Inc Hospice Provider Svc | 9/29/23 | $537,906 |
Maxim Staffing Solutions Staffing | 9/29/23 | $242,562 |
Cross Country Staffing Staffing | 9/29/23 | $279,249 |
Shc Service Inc Staffing | 9/29/23 | $241,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,303 |
| Membership dues | $0 |
| Fundraising events | $43,245 |
| Related organizations | $6,674 |
| Government grants | $147,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,269 |
| Noncash contributions included in lines 1a–1f | $11,432 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,482 |
| Total Program Service Revenue | $42,998,911 |
| Investment income | $181,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$67,630 |
| Net Income from Fundraising Events | -$7,708 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,446,677 |
| 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 | $26,094,303 |
| Pension plan accruals and contributions | $721,991 |
| Other employee benefits | $4,126,578 |
| Payroll taxes | $1,879,707 |
| 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 | $6,992 |
| Fees for services: Other | $1,137,323 |
| Advertising and promotion | $5,460 |
| Office expenses | $570,483 |
| Information technology | $271,480 |
| Royalties | $0 |
| Occupancy | $372,251 |
| Travel | $1,110,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,852 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,821 |
| Insurance | $213,437 |
| All other expenses | $206,438 |
| Total functional expenses | $42,524,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,994,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,413,667 |
| 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 | $57,877 |
| Net Land, buildings, and equipment | $28,707 |
| Investments—publicly traded securities | $7,209,497 |
| Investments—other securities | $2,125,175 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,747,542 |
| Total assets | $27,576,569 |
| Accounts payable and accrued expenses | $4,392,592 |
| Grants payable | $0 |
| Deferred revenue | $307,610 |
| 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 | $2,247,027 |
| Total liabilities | $6,947,229 |
| Net assets without donor restrictions | $18,268,374 |
| Net assets with donor restrictions | $2,360,966 |
| 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 | $27,576,569 |