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Nonprofiteer
← GRANITE VNA INC

Form 990 for tax year 2023

Filed by GRANITE VNA INC.

Totals

Total revenue
$42,168,612
Total expenses
$49,680,537
Contributions and grants received
$3,284,207
Grants paid
$2,000
Program service revenue
$37,659,583
Investment income
$1,168,026
Other revenue
$56,796
Total assets, end of year
$52,922,315
Total liabilities, end of year
$4,976,911
Net assets or fund balances, end of year
$47,945,404
Program services expenses (Part IX)
$38,121,538
Management and general expenses
$11,513,554
Fundraising expenses
$45,445
Program service expenses (Part III)
$38,121,538

Program services were 76.7% 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.

  • 1c · Fundraising events

    $144,704

  • 1e · Government grants (contributions)

    $1,212,012

  • 1f · All other contributions, gifts and grants

    $1,927,491

  • 1g · Noncash contributions included above

    $6,450

  • 2a · Program service revenue: Home Care Revenue

    total $26,011,233 · related or exempt $26,011,233

  • 2b · Program service revenue: Hospice Revenue

    total $11,587,728 · related or exempt $11,587,728

  • 2c · Program service revenue: Community Services Revenue

    total $60,622 · related or exempt $60,622

  • 3 · Investment income

    total $727,326 · excluded $727,326

  • 7a · Gross sales of assets other than inventory

    securities $8,197,687 · other assets $256,320

  • 7b · Less cost or other basis and sales expenses

    securities $7,539,307 · other assets $474,000

  • 7c · Gain or loss

    securities $658,380 · other assets -$217,680

  • 7d · Net gain or loss

    total $440,700 · excluded $440,700

  • 8a · Fundraising events: gross income

    $9,006

  • 8a · Fundraising events: contributions included on line 1c

    $144,704

  • 8b · Fundraising events: direct expenses

    $20,334

  • 8c · Net income from fundraising events

    total -$11,328 · excluded -$11,328

  • 9a · Gaming: gross income

    $75,624

  • 9b · Gaming: direct expenses

    $7,500

  • 9c · Net income from gaming

    total $68,124 · excluded $68,124

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 5 · Compensation of officers, directors and key employees

    total $722,134 · management and general $679,592 · fundraising $42,542

  • 7 · Other salaries and wages

    total $31,264,459 · program services $26,003,688 · management and general $5,260,771

  • 8 · Pension plan contributions

    total $1,396,665 · program services $1,156,175 · management and general $240,490

  • 9 · Other employee benefits

    total $6,501,307 · program services $5,337,292 · management and general $1,164,015

  • 10 · Payroll taxes

    total $2,302,437 · program services $1,875,980 · management and general $423,554 · fundraising $2,903

  • 11b · Fees: legal

    total $35,534 · management and general $35,534

  • 11c · Fees: accounting

    total $64,600 · management and general $64,600

  • 11f · Fees: investment management

    total $130,787 · management and general $130,787

  • 11g · Fees: other

    total $1,266,463 · program services $706,353 · management and general $560,110

  • 12 · Advertising and promotion

    total $178,128 · management and general $178,128

  • 13 · Office expenses

    total $466,455 · program services $30,997 · management and general $435,458

  • 14 · Information technology

    total $1,119,142 · management and general $1,119,142

  • 16 · Occupancy

    total $411,105 · program services $118,420 · management and general $292,685

  • 17 · Travel

    total $1,049,414 · program services $991,135 · management and general $58,279

  • 19 · Conferences, conventions and meetings

    total $94,896 · program services $9,273 · management and general $85,623

  • 22 · Depreciation, depletion and amortization

    total $439,179 · program services $51,593 · management and general $387,586

  • 23 · Insurance

    total $262,872 · management and general $262,872

  • 24a · Other expenses: Medical Supplies

    total $1,835,623 · program services $1,835,623

  • 24b · Other expenses: Dues & Subscriptions

    total $97,789 · management and general $97,789

  • 24c · Other expenses: Fundraising Expenses

    total $39,548 · program services $3,009 · management and general $36,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,085 · end of year $5,765

  • 2 · Savings and temporary cash investments

    beginning of year $4,964,985 · end of year $2,414,823

  • 3 · Pledges and grants receivable

    beginning of year $6,630,038 · end of year $6,336,963

  • 4 · Accounts receivable

    beginning of year $8,745,556 · end of year $5,574,461

  • 9 · Prepaid expenses and deferred charges

    beginning of year $681,394 · end of year $477,968

  • 10a · Land, buildings and equipment: cost or other basis

    $11,163,304

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,074,742

  • 10c · Land, buildings and equipment, net

    beginning of year $5,292,567 · end of year $5,088,562

  • 11 · Investments: publicly traded securities

    beginning of year $24,125,560 · end of year $28,693,416

  • 15 · Other assets

    beginning of year $4,731,246 · end of year $4,330,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,915,265 · end of year $4,672,800

  • 19 · Deferred revenue

    beginning of year $469,748 · end of year $193,756

  • 25 · Other liabilities

    beginning of year $104,962 · end of year $110,355

  • 27 · Net assets without donor restrictions

    beginning of year $41,122,624 · end of year $37,094,281

  • 28 · Net assets with donor restrictions

    beginning of year $9,572,832 · end of year $10,851,123

Mission and programs · 2023

Mission

The Mission of Granite VNA, Inc. is we enhance dignity and independence for people delivering quality health care and promoting wellness in homes and communities through all stages of life.

Activities or mission (Part I)

See Schedule O

  • Home Health Care - provides skilled care services to patients who qualify for care in their home. Services were rendered to 8,039 patients including 141,235 visits. Charity care is provided to individuals who are uninsured, underinsured, or otherwise unable to pay the published fee for service.

    Expenses $24,417,414 · Revenue $26,011,233

  • Hospice - supportive care for the terminally ill on a 24-hour basis. Services were rendered to 1,251 patients providing 45,288 hospice care days. Hospice care is provided in a ten-bed house for those who require twenty-four-hour skilled nursing care for symptom management and in the community. Charity care is provided to individuals who are uninsured, underinsured, or otherwise unable to pay the published fee for services or for the house room and board.

    Expenses $11,094,909 · Revenue $11,587,728

  • Community Health Services - provides community based health care services in individual homes and clinic setting including senior health clinics, immunization clinics, and community health education including "Better Choices, Better Health" a program that assists older adults in learning more effective ways of self-managing their chronic condition to improve their quality of life and "A Matter of Balance" a program that assists older adults in reducing their fear of falling and improving their activity levels.

    Expenses $2,609,215 · Grants $2,000 · Revenue $60,622

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel L Andrus

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brian D Duffy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelline Dufort

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Edelstein

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susan Houghton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel Kaplan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lyn Lindpaintner MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Parkinson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Natalya Pearl

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Corrine Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Maura Weston

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven Whitley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael T Griffin

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Dr David Green

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • James Mullins

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Andrea M Stevenson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Robin Michaud

    Representative-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Joel Arsenault

    Past Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul Greenan

    Past Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Manahan

    Chief Financial Officer

    Total calculated
    $59,971
    From this org
    $59,971
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

  • Beth J Slepian

    President & CEO

    Total calculated
    $425,421
    From this org
    $402,396
    From related orgs
    $0
    Other
    $23,025
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $399,400
    Bonus
    $0
    Other
    $2,996
    Deferred
    $14,025
    Nontaxable benefits
    $9,000
    Filer's total
    $425,421

  • Geraldine Holmes

    Past Chief Financial Officer

    Total calculated
    $236,741
    From this org
    $188,145
    From related orgs
    $0
    Other
    $48,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,623
    Bonus
    $0
    Other
    $14,522
    Deferred
    $8,312
    Nontaxable benefits
    $40,284
    Filer's total
    $236,741

  • Sarah DeFalco

    CHRO

    Total calculated
    $193,283
    From this org
    $185,403
    From related orgs
    $0
    Other
    $7,880
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $185,403
    Bonus
    $0
    Other
    $0
    Deferred
    $7,880
    Nontaxable benefits
    $0
    Filer's total
    $193,283

  • Jason Edwards

    RN

    Total calculated
    $363,444
    From this org
    $323,939
    From related orgs
    $0
    Other
    $39,505
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $323,939
    Bonus
    $0
    Other
    $0
    Deferred
    $13,989
    Nontaxable benefits
    $25,516
    Filer's total
    $363,444

  • Deborah Mullen

    CIO

    Total calculated
    $211,771
    From this org
    $191,108
    From related orgs
    $0
    Other
    $20,663
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,784
    Bonus
    $0
    Other
    $324
    Deferred
    $8,153
    Nontaxable benefits
    $12,510
    Filer's total
    $211,771

  • Arthur Savage

    PT

    Total calculated
    $194,805
    From this org
    $186,496
    From related orgs
    $0
    Other
    $8,309
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $186,496
    Bonus
    $0
    Other
    $0
    Deferred
    $8,309
    Nontaxable benefits
    $0
    Filer's total
    $194,805

  • Shaz Anwar

    Medical Director

    Total calculated
    $249,627
    From this org
    $239,450
    From related orgs
    $0
    Other
    $10,177
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $239,200
    Bonus
    $0
    Other
    $250
    Deferred
    $10,177
    Nontaxable benefits
    $0
    Filer's total
    $249,627

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202540369349300249

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