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← VISITING NURSE ASSOCIATION OF INDIAN RIVER COUNTY INC

Form 990 for tax year 2022

Filed by VISITING NURSE ASSOCIATION OF INDIAN RIVER COUNTY INC.

Totals

Total revenue
$9,808,538
Total expenses
$11,582,276
Contributions and grants received
$408,434
Grants paid
$0
Program service revenue
$9,399,777
Investment income
$327
Other revenue
$0
Total assets, end of year
$1,041,386
Total liabilities, end of year
$12,000,952
Net assets or fund balances, end of year
-$10,959,566
Program services expenses (Part IX)
$10,050,597
Management and general expenses
$1,531,679
Fundraising expenses
$0
Program service expenses (Part III)
$10,050,597

Program services were 86.8% 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.

  • 1d · Related organizations

    $408,434

  • 2a · Program service revenue: Patient Services Reven

    total $9,391,542 · related or exempt $9,391,542

  • 2b · Program service revenue: Other Operating Revenu

    total $8,235 · related or exempt $8,235

  • 3 · Investment income

    total $327 · excluded $327

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,264,141 · program services $6,338,533 · management and general $925,608

  • 11c · Fees: accounting

    total $2,938 · management and general $2,938

  • 11g · Fees: other

    total $50,551 · management and general $50,551

  • 12 · Advertising and promotion

    total $10,619 · management and general $10,619

  • 13 · Office expenses

    total $9,275 · program services $8,093 · management and general $1,182

  • 16 · Occupancy

    total $63,656 · program services $55,546 · management and general $8,110

  • 17 · Travel

    total $190,956 · program services $166,628 · management and general $24,328

  • 19 · Conferences, conventions and meetings

    total $3,018 · program services $2,634 · management and general $384

  • 22 · Depreciation, depletion and amortization

    total $1,123 · program services $980 · management and general $143

  • 24a · Other expenses: Home Office Allocation

    total $3,395,786 · program services $2,963,163 · management and general $432,623

  • 24b · Other expenses: Other Expenses

    total $307,130 · program services $268,002 · management and general $39,128

  • 24c · Other expenses: Program Supplies

    total $273,961 · program services $239,058 · management and general $34,903

  • 24d · Other expenses: Equipment Rental/Repair

    total $9,122 · program services $7,960 · management and general $1,162

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $1,416,215 · end of year $1,019,168

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,639 · end of year $9,918

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

    $220,713

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

    $220,713

  • 10c · Land, buildings and equipment, net

    beginning of year $1,122 · end of year $0

  • 15 · Other assets

    beginning of year $12,300 · end of year $12,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $387,529 · end of year $402,032

  • 25 · Other liabilities

    beginning of year $10,244,575 · end of year $11,598,920

  • 27 · Net assets without donor restrictions

    beginning of year -$9,185,828 · end of year -$10,959,566

Mission and programs · 2022

Mission

To provide compassionate, innovative care of the highest quality for patients and caregivers needing home health services.

Activities or mission (Part I)

To provide compassionate, innovative care of the highest quality for patients and caregivers.

  • Medicare and Medicaid certified home health agency serving Indian River and Northern St Lucie Counties, Florida, providing intermittent skilled nursing care: physical, occupational and speech therapy; medical social services; and home health aide services to homebound patients recovering from illness, injury or surgery.

    Expenses $10,050,597 · Revenue $9,399,777

  • During the year ended September 30, 2023, unpaid volunteers contributed more than 150 hours of their time in direct support of the organization. Volunteers assisted in various program areas. Based upon the hourly volunteer rate of approximately $31.80/hr. In 2023 for the state of Florida per the Bureau of Labor Statistics, the dollar value of those volunteer hours was approximately $5,000. A total of 21,995 hours of volunteer services valued at $699,400 were provided in total to the agency and its related parties. No amounts have been reflected in this return for those donated services.

As filed on the 2022 return.

Listed in Part VII

  • William Stengel

    Chairman

    Total calculated
    $0
    Hours/week
    5 + 17 related

  • Sue Tompkins

    Vice Chairman

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Karen Schievelbein

    Treasurer

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Jack Weisbaum

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Angelia Perry

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Kathy Hendrix

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lundy Fields

    President/CEO

    Total calculated
    $333,406
    From this org
    $0
    From related orgs
    $304,309
    Other
    $29,097
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,904 related
    Bonus
    $0 + $51,500 related
    Other
    $0 + $26,905 related
    Deferred
    $0 + $3,722 related
    Nontaxable benefits
    $0 + $25,375 related
    Filer's total
    $0 + $333,406 related

  • Kimberle Beckett

    Past Secretary

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Daniel Bach

    CFO

    Total calculated
    $222,998
    From this org
    $0
    From related orgs
    $196,062
    Other
    $26,936
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,304 related
    Bonus
    $0 + $500 related
    Other
    $0 + $258 related
    Deferred
    $0 + $2,964 related
    Nontaxable benefits
    $0 + $23,972 related
    Filer's total
    $0 + $222,998 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

None.

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

The filer's explanations (Part III)

Part I, Line 3
The organization has no employees. Lundy Fields, President/CEO, and Daniel Bach, CFO, are compensated by Visiting Nurse Association of the Treasure Coast, Inc., a related organization. The methods the related organization used to establish their compensation is as follows: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Written employment contract - Compensation survey or study - Approval by the board or compensation committee

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
2022
Filed
7 August 2024
IRS schema version
2022v5.0
Source object
202422289349301602

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