Overview
What is Vna Care Network Foundation Inc?
Vna Care Network Foundation Inc, located at 67 Millbrook Street 500 North, Worcester, MA 01606, is a nonprofit organization with a primary mission to support its affiliates in their charitable activities. These activities primarily revolve around providing home health care services. The foundation raises and invests funds for its affiliates' initiatives while also offering operational facilities and management services. With a workforce of 10 individuals, Vna Care Network Foundation Inc aims to enhance and facilitate the delivery of home health care services, thereby contributing positively to the community.
Official website here: www.vnacare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Vna Care Network Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial management and operational transparency. While the organization excels in governance aspects such as having a majority of independent board members and strong policies in place, its overall performance in accountability and finance has raised red flags.
Key strengths include a solid independent board structure and comprehensive oversight mechanisms. The organization has no reported material diversion of assets and has policies for conflict of interest and whistleblowing, which are well documented. However, the foundation struggles with financial efficiency, as indicated by its low program expense ratio and liabilities to assets ratio, suggesting that a substantial portion of its funds may not be directed towards its core mission.
Critics highlight the absence of important financial statements on its website, which diminishes transparency and could potentially undermine public trust. To improve its standing, the foundation would benefit from addressing these financial weaknesses and increasing accessibility of its financial information to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Vna Care Network Foundation Inc legitimate?
Vna Care Network Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vna Care Network Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,313,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,097,105
For more financial information, click here
Official website here: www.vnacare.org
What is the mission statement of Vna Care Network Foundation Inc?
The Vna Care Network Foundation Inc's primary mission is to raise and invest funds for the benefit of its affiliates, contributing to their charitable activities focused on home health care services. Additionally, the foundation provides operational facilities and management services to further these initiatives. By doing so, the foundation aims to enhance the delivery of home health care services to its beneficiaries.
Official website here: www.vnacare.org
Who is the CEO of Vna Care Network Foundation Inc?
Stephen Gut is the Chair of Vna Care Network Foundation Inc. The CEO's salary of Vna Care Network Foundation Inc is $415,826 and their total compensation is $443,504.
Official website here: www.vnacare.org
What is the revenue of Vna Care Network Foundation Inc?
Vna Care Network Foundation Inc's revenue in 2022 was $11,852,601.
Official website here: www.vnacare.org
Who are the executives of Vna Care Network Foundation Inc and what are their salaries?
The average compensation at Vna Care Network Foundation Inc during 2022 was $241,013. There are 10 employees and 14 volunteers at Vna Care Network Foundation Inc.
Here are 24 key members and their salaries (Vna Care Network Foundation Inc's CEO's salary is $415,826 and their total compensation is $443,504):
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $415,826
- Related: $0
- Other: $27,678
- Compensation: $272,775
- Related: $0
- Other: $17,485
- Compensation: $0
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- Other: $0
- Compensation: $104,032
- Related: $0
- Other: $291
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- Other: $0
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- Compensation: $331,270
- Related: $0
- Other: $18,076
- Compensation: $226,553
- Related: $0
- Other: $3,360
- Compensation: $129,485
- Related: $0
- Other: $5,340
- Compensation: $210,521
- Related: $0
- Other: $20,872
- Compensation: $180,871
- Related: $0
- Other: $24,171
- Compensation: $190,724
- Related: $0
- Other: $16,258
- Compensation: $176,824
- Related: $0
- Other: $1,238
Official website here: www.vnacare.org
Where can I find the form 990 for Vna Care Network Foundation Inc?
Vna Care Network Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vnacare.org
Learn more at the official website: www.vnacare.org
Mission Statement of Vna Care Network Foundation Inc
Vna Care Network Foundation Inc is a nonprofit organization with a primary mission to raise and invest funds for its affiliates. This is done to further their charitable activities, specifically in the field of home health care services. In addition to this, the foundation also provides operating facilities and management services to its affiliates, aiming to support their noble cause effectively. In simpler terms, Vna Care Network Foundation Inc serves as a financial and operational backbone for its affiliates, enabling them to deliver high-quality home health care services to those in need.
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Impact
July, 2024
VNA Care Network Foundation Inc's impact is primarily focused on raising and investing funds to support its affiliates in providing home health care services. By doing so, the organization contributes to the well-being and improved health outcomes of individuals in need of such services. Additionally, the foundation's support in providing operating facilities and management services further enhances the delivery and efficiency of charitable activities in the realm of health care. Ultimately, the foundation's efforts play a vital role in improving access to quality health care services for those who require assistance in managing their health and well-being.
This information is meant to be a general summary of Vna Care Network Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,507,607
- Program Service Revenue: $4,271,425
- Gross Receipts: $17,238,492
Assets and Liabilities:
- Total Assets: $49,894,518
- Total Liabilities: $13,366,168
- Net Assets: $36,528,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$4,271,425
Organization Details
Founding Year
1983
Phone
(508) 786-0693Principal Officer
Stephen Gut
Main Address
67 MILLBROOK STREET 500 NORTH, WORCESTER, MA, 01606
Website
www.vnacare.orgNTEE Category
Code: E11 - Health
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