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Nonprofiteer
← VPS MEDICAL SERVICES PC

Form 990 for tax year 2024

Filed by VPS MEDICAL SERVICES PC.

Totals

Total revenue
$8,945,938
Total expenses
$10,612,114
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,945,938
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,593,118
Total liabilities, end of year
$9,334,064
Net assets or fund balances, end of year
-$4,740,946
Program services expenses (Part IX)
$9,561,167
Management and general expenses
$1,050,947
Fundraising expenses
$0
Program service expenses (Part III)
$9,561,167

Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HEALTH CARE SERVICES

    total $8,945,938 · related or exempt $8,945,938

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,908,442 · program services $4,417,598 · management and general $490,844

  • 8 · Pension plan contributions

    total $157,817 · program services $142,035 · management and general $15,782

  • 9 · Other employee benefits

    total $508,496 · program services $457,646 · management and general $50,850

  • 10 · Payroll taxes

    total $446,169 · program services $401,552 · management and general $44,617

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,195,267 · program services $3,775,740 · management and general $419,527

  • 12 · Advertising and promotion

    total $609 · management and general $609

  • 13 · Office expenses

    total $27,760 · program services $24,984 · management and general $2,776

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,500 · program services $6,750 · management and general $750

  • 17 · Travel

    total $29,662 · program services $29,662

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $7,000 · program services $6,300 · management and general $700

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $244,921 · program services $220,429 · management and general $24,492

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $57,954 · program services $57,954

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $7,404 · program services $7,404

  • 24c · Other expenses: STRATEGIC INITIATIVES

    total $13,113 · program services $13,113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,432 · end of year $723,845

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,669,178 · end of year $3,180,307

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $179,452 · end of year $190,480

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $427,666 · end of year $498,486

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,194,411 · end of year $1,073,358

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,639,087 · end of year $8,260,706

  • 27 · Net assets without donor restrictions

    beginning of year -$3,074,770 · end of year -$4,740,946

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

VPS MEDICAL SERVICES IS A NONPROFIT ORGANIZATION ENGAGING IN THE BUSINESS OF RENDERING PROFESSIONAL SERVICES TO THE PUBLIC. OPERATIONS ARE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

Activities or mission (Part I)

THE ORGANIZATION IS ENGAGED IN THE BUSINESS OF RENDERING PROFESSIONAL SERVICES TO THE PUBLIC EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

  • THE VNA HEALTH GROUP AND ITS AFFILIATES, INCLUDING VPS MEDICAL SERVICES, PC, PROVIDED HOME HEALTH, HOSPICE AND COMMUNITY BASED SERVICES TO THE PEOPLE IN ITS SERVICE AREA. DURING 2024, approximately 753,000 VISITS WERE PROVIDED TO OVER 39,000 INDIVIDUALS WHO RECEIVED HOME HEALTH CARE, HOSPICE, AND OTHER HEALTHCARE SERVICES FROM THE ORGANIZATION AND ITS AFFILIATED ENTITIES. Our innovative, programmatic Institutes focus on three critical cores of VNA Health Group: health of children and their families; coordination of care enhanced by technology; and care for patients with serious, chronic and end-stage illness. Each institute has an expert thought leader and is providing enhanced access, care and services for patients, their families and our communities. Our Advanced Care Institute helps patients with late-stage, chronic illnesses stay at home comfortably with support from family, a visiting physician, and A palliative care team. Our goal is to educate clinicians, communities, patients and their families on best practices in chronic disease and palliative and hospice care. Within the Children and Family Health Institute are three centers focused on helping children and families achieve their highest level of health from pre-natal to adult: the Center for Early Childhood Development and Family Support; the Center for Primary Care and Public Health; and the Center for Pediatric Home Care. The Connected Health Institute spearheads mobile and digital initiatives to improve patient outcomes. With more than 1,500 clinicians, VNA Health Group and its affiliates have the unique opportunity to become a nationally recognized leader in researching, developing, and testing technologies that improve patient care. SIGNIFICANT changes are underway in health care including a dramatic increase in the older adult population, a national movement to contain health costs and expansion in mobile and digital health technologies. VNA Health Group is taking bold steps to reimagine how IT can address these challenges, secure ITS future and improve care for all patients, including the most frail and vulnerable. OUR UNIQUE ORGANIZATIONAL STRUCTURE FEATURES JOINT VENTURE PARTNERSHIPS WITH PARKER HOME AND COMMUNITY BASED SERVICES, AS WELL AS ACQUISITIONS OF ORGANIZATIONS ALIGNED WITH VNA'S MISSION.

    Expenses $9,561,167 · Revenue $8,945,938

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Binder

    Vice Chairman

    Total calculated
    $344,661
    From this org
    $0
    From related orgs
    $324,575
    Other
    $20,086
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,575 related
    Bonus
    $0 + $90,000 related
    Other
    $0
    Deferred
    $0 + $9,278 related
    Nontaxable benefits
    $0 + $10,808 related
    Filer's total
    $0 + $344,661 related

  • Yevgeniy D Vaysberg MD

    PHYSICIAN, MD - VPS

    Total calculated
    $288,919
    From this org
    $252,444
    From related orgs
    $0
    Other
    $36,475
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $245,444
    Bonus
    $7,000
    Other
    $0
    Deferred
    $10,123
    Nontaxable benefits
    $26,352
    Filer's total
    $288,919

  • Vikranta Sharma MD

    MED DIR HOS/PALL CARE PRO

    Total calculated
    $272,063
    From this org
    $262,880
    From related orgs
    $0
    Other
    $9,183
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $237,880
    Bonus
    $25,000
    Other
    $0
    Deferred
    $9,183
    Nontaxable benefits
    $0
    Filer's total
    $272,063

  • Diane MacKenzie MD

    Physician, MD - VPS

    Total calculated
    $220,610
    From this org
    $201,430
    From related orgs
    $0
    Other
    $19,180
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $195,430
    Bonus
    $6,000
    Other
    $0
    Deferred
    $7,689
    Nontaxable benefits
    $11,491
    Filer's total
    $220,610

  • Kristen Alyse Dorr

    Nurse Practitioner

    Total calculated
    $215,645
    From this org
    $184,845
    From related orgs
    $0
    Other
    $30,800
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $175,645
    Bonus
    $9,200
    Other
    $0
    Deferred
    $7,122
    Nontaxable benefits
    $23,678
    Filer's total
    $215,645

  • Kathryn E Corbet

    NURSE PRACTITIONER

    Total calculated
    $203,207
    From this org
    $196,203
    From related orgs
    $0
    Other
    $7,004
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $188,703
    Bonus
    $7,500
    Other
    $0
    Deferred
    $7,004
    Nontaxable benefits
    $0
    Filer's total
    $203,207

  • Roberto Muniz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Eli Feldman MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Clifford Holland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Donna Silbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kevin Rogers MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 50 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION'S SENIOR MANAGEMENT is eligible for A MANAGEMENT INCENTIVE PERFORMANCE (MIP) SALARY ADJUSTMENT. THE MIP IS RECOMMENDED BY THE ORGANIZATION'S COMPENSATION COMMITTEE AND APPROVED BY THE BOARD AFTER CONSIDERATION OF COMPENSATION ARRANGEMENTS PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR SIMILAR SERVICES, COMPENSATION SURVEYS, AND OTHER MATTERS TO DETERMINE THAT NO MORE THAN REASONABLE COMPENSATION IS PAID. THE OVERALL BONUS POOL IS CALCULATED BASED ON COMPANY PERFORMANCE IN SEVERAL CATEGORIES (FINANCIAL, QUALITY, ENGAGEMENT). WITHIN THOSE CATEGORIES, GOALS FOR DIFFERENT METRICS (EBIDA, CASH DAYS ON HAND, 30 DAY READMISSIONS, EMPLOYEE SATISFACTION) ARE ESTABLISHED AT THE BEGINNING OF THE YEAR AND ASSIGNED WEIGHT. SENIOR LEADERSHIP CONSIDERS AN INDIVIDUAL'S PERFORMANCE TO DETERMINE HOW MUCH TO AWARD EACH EMPLOYEE BASED ON OVERALL SIZE OF THE BONUS POOL. THE MIP PAYMENT IS REPORTED IN PART II.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CLEVELAND CLINIC VISITING NURSES LLC

    HOME HEALTH · NJ

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VNA ENTERPRISES

    C CORP · HOME HEALTH · OH

    Directly controlled by NA

  • VISITING NURSES CONNECTED HEALTH VENTURE

    C CORP · HOME HEALTH · DE

    Directly controlled by VNA HG

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523179349309907

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