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← COLORADO VISITING NURSE ASSOCIATION

Form 990 for tax year 2022

Filed by COLORADO VISITING NURSE ASSOCIATION.

Totals

Total revenue
$13,432,541
Total expenses
$15,376,114
Contributions and grants received
$827,872
Grants paid
$0
Program service revenue
$12,249,168
Investment income
$355,501
Other revenue
$0
Total assets, end of year
$6,779,113
Total liabilities, end of year
$2,127,428
Net assets or fund balances, end of year
$4,651,685
Program services expenses (Part IX)
$11,944,859
Management and general expenses
$3,393,421
Fundraising expenses
$37,834
Program service expenses (Part III)
$11,944,859

Program services were 77.7% 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.

  • 1e · Government grants (contributions)

    $521,896

  • 1f · All other contributions, gifts and grants

    $305,976

  • 2a · Program service revenue: DIRECT CARE SERVICES

    total $12,247,066 · related or exempt $12,247,066

  • 2f · All other program service revenue

    total $2,102 · related or exempt $2,102

  • 3 · Investment income

    total $5,564 · excluded $5,564

  • 7a · Gross sales of assets other than inventory

    other assets $5,949,995

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

    other assets $5,600,058

  • 7c · Gain or loss

    other assets $349,937

  • 7d · Net gain or loss

    total $349,937 · excluded $349,937

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $302,952 · program services $272,656 · management and general $30,296

  • 7 · Other salaries and wages

    total $9,360,807 · program services $7,644,378 · management and general $1,689,014 · fundraising $27,415

  • 8 · Pension plan contributions

    total $159,537 · management and general $159,537

  • 9 · Other employee benefits

    total $1,269,053 · program services $1,233,050 · management and general $36,003

  • 10 · Payroll taxes

    total $616,502 · program services $570,776 · management and general $45,726

  • 11a · Fees: management

    total $559,890 · management and general $559,890

  • 11b · Fees: legal

    total $83,694 · management and general $83,694

  • 11c · Fees: accounting

    total $29,374 · management and general $29,374

  • 11g · Fees: other

    total $122,681 · program services $81,750 · management and general $30,871 · fundraising $10,060

  • 12 · Advertising and promotion

    total $39,700 · program services $37,310 · management and general $2,390

  • 13 · Office expenses

    total $50,806 · program services $20,798 · management and general $30,008

  • 14 · Information technology

    total $263,783 · management and general $263,783

  • 16 · Occupancy

    total $154,960 · program services $12,557 · management and general $142,403

  • 17 · Travel

    total $15,523 · program services $4,766 · management and general $10,757

  • 19 · Conferences, conventions and meetings

    total $2,425 · program services $738 · management and general $1,687

  • 20 · Interest

    total $6,067 · management and general $6,067

  • 22 · Depreciation, depletion and amortization

    total $214,451 · management and general $214,451

  • 24a · Other expenses: DIRECT PATIENT SERVICES

    total $1,365,417 · program services $1,365,417

  • 24b · Other expenses: OPERATING RESERVE FUND

    total $622,000 · program services $622,000

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $90,678 · program services $72,768 · management and general $17,910

  • 24d · Other expenses: EMPLOYEE RECRUITING

    total $17,301 · program services $249 · management and general $17,052

  • 24e · All other expenses

    total $28,513 · program services $5,646 · management and general $22,508 · fundraising $359

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $379,329 · end of year $3,477,875

  • 4 · Accounts receivable

    beginning of year $1,767,114 · end of year $2,194,828

  • 8 · Inventories for sale or use

    beginning of year $6,094 · end of year $5,728

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,947 · end of year $60,615

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

    $1,584,077

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

    $1,445,761

  • 10c · Land, buildings and equipment, net

    beginning of year $5,852,613 · end of year $138,316

  • 15 · Other assets

    beginning of year $104,899 · end of year $901,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,448,329 · end of year $1,288,303

  • 19 · Deferred revenue

    beginning of year $51,052 · end of year $46,817

  • 25 · Other liabilities

    beginning of year $27,357 · end of year $792,308

  • 27 · Net assets without donor restrictions

    beginning of year $6,498,960 · end of year $4,564,119

  • 28 · Net assets with donor restrictions

    beginning of year $112,298 · end of year $87,566

Mission and programs · 2022

Mission

COLORADO VISITING NURSE ASSOCIATION IS COMMITTED TO A CONTINUUM OF HEALTH CARE IN THE HOME AND COMMUNITY SUPPORTING OPTIMAL WELL-BEING, INDEPENDENCE, AND DIGNITY.

Activities or mission (Part I)

TO PROVIDE HEALTH-CARE SERVICES TO HOME HEALTH AND HOSPICE PATIENTS IN COLORADO.

  • TODAY, COLORADO VISITING NURSE ASSOCIATION (CVNA) CARES FOR AN EXCESS OF 10,000 INDIVIDUALS ANNUALLY, INCLUDING MANY WHO ARE UNINSURED OR UNDERINSURED. OUR COMPREHENSIVE ARRAY OF HEALTH SERVICES SPANS ALL LEVELS OF ACUITY OF CARE FOR INDIVIDUALS, COMMUNITIES AND BUSINESSES. CVNA HAS ALSO DEVELOPED INNOVATIVE PROGRAMS TO HELP SENIORS AGE IN PLACE. HOME HEALTH - CVNA SUPPORTS PATIENTS RECOVERING FROM ILLNESS OR INJURY, OR THOSE WHO JUST NEED A LITTLE ASSISTANCE TO REMAIN INDEPENDENT, BY PROVIDING NURSING, MEDICAL SOCIAL WORK, AND PHYSICAL AND OCCUPATIONAL THERAPIES. AN INDIVIDUALIZED, COMPREHENSIVE CARE PLAN IS DEVELOPED TO PROMOTE CONTINUITY OF CARE FOR THE PATIENT. HOSPICE AND PALLIATIVE CARE - FOR OVER TWO DECADES, CVNA HAS PROVIDED HOSPICE CARE FOR PATIENTS WITH LIMITED LIFE EXPECTANCIES WHO DESIRE TREATMENT FOR PAIN AND OTHER SYMPTOMS WHEN CURATIVE TREATMENTS ARE NO LONGER BENEFICIAL. OUR ALL-INCLUSIVE APPROACH FOCUSES ON THE PHYSICAL, PSYCHOSOCIAL, AND SPIRITUAL NEEDS OF EACH PATIENT AND THEIR FAMILIES. WELLNESS SERVICES - CVNA PROVIDES WELLNESS VISITS TO ELDERLY PATIENTS THAT CONSIST OF A 30-MINUTE VISIT WITH A REGISTERED NURSE TO RECEIVE A WELLNESS ASSESSMENT, HEALTH CARE COUNSELING, AND MEDICAL FOOT CARE. CVNA ALSO PROVIDES COMMUNITY HEALTH AND IMMUNIZATIONS, AS WELL AS CORPORATE WELLNESS, BY PARTNERING WITH BUSINESSES TO PROMOTE HEALTHY LIFESTYLES FOR EMPLOYEES IN AND OUT OF THE OFFICE. OPTIONS INCLUDE IMMUNIZATIONS, HEALTH RISKS ASSESSMENTS, BIOMETRIC SCREENINGS, AND LABS.

    Expenses $11,944,859 · Revenue $12,249,168

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ben Price

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tony Giacomini

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nedra Downing

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Botiller

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim J Bowen

    DIRECTOR/CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,048,094
    From this org
    $0
    From related orgs
    $846,922
    Other
    $201,172
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $604,287 related
    Bonus
    $0 + $190,616 related
    Other
    $0 + $52,019 related
    Deferred
    $0 + $173,443 related
    Nontaxable benefits
    $0 + $30,392 related
    Filer's total
    $0 + $1,050,757 related

  • Mary Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Bergquist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Julie Nunley

    PRESIDENT/DIRECTOR

    Total calculated
    $303,587
    From this org
    $244,579
    From related orgs
    $0
    Other
    $59,008
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,890
    Bonus
    $21,750
    Other
    $939
    Deferred
    $43,586
    Nontaxable benefits
    $14,787
    Filer's total
    $302,952

  • Jana Huntsman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Tosetti

    CHIEF FINANCIAL OFFICER

    Total calculated
    $361,604
    From this org
    $0
    From related orgs
    $296,817
    Other
    $64,787
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,679 related
    Bonus
    $0 + $62,673 related
    Other
    $0 + $1,465 related
    Deferred
    $0 + $56,462 related
    Nontaxable benefits
    $0 + $8,385 related
    Filer's total
    $0 + $361,664 related

  • Dale Reid

    NURSE PRACTITIONER

    Total calculated
    $141,210
    From this org
    $121,938
    From related orgs
    $0
    Other
    $19,272
    Hours/week
    40

  • Robin Veasman

    CLINICAL MANAGER

    Total calculated
    $140,915
    From this org
    $113,305
    From related orgs
    $0
    Other
    $27,610
    Hours/week
    40

  • Camilla J Smith

    DIRECTOR CLINICAL SERVICES

    Total calculated
    $176,722
    From this org
    $130,358
    From related orgs
    $0
    Other
    $46,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,821
    Bonus
    $18,303
    Other
    $234
    Deferred
    $4,154
    Nontaxable benefits
    $33,267
    Filer's total
    $167,779

  • Sarah Stevenson

    DIRECTOR CLINICAL SERVICES

    Total calculated
    $128,831
    From this org
    $112,054
    From related orgs
    $0
    Other
    $16,777
    Hours/week
    40

  • Luis F Ramos

    MEDICAL DIRECTOR

    Total calculated
    $290,672
    From this org
    $250,275
    From related orgs
    $0
    Other
    $40,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,627
    Bonus
    $26,280
    Other
    $368
    Deferred
    $9,221
    Nontaxable benefits
    $25,729
    Filer's total
    $285,225

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3
FOR COMPENSATION PAID TO OFFICERS FROM A RELATED TAX-EXEMPT ENTITY, THE ORGANIZATION RELIED ON THE RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF THOSE OFFICERS.
PART I, LINE 4B
CARE SYNERGY, A RELATED TAX-EXEMPT ORGANIZATION, ESTABLISHED A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE EXCLUSIVE BENEFIT OF CERTAIN EXECUTIVES. FUNDS ARE SUBJECT TO RISK OF FORFEITURE BY PLAN PARTICIPANTS AND ARE AVAILABLE TO THE CREDITORS OF CARE SYNERGY. IN ACCORDANCE WITH THE BOARD OF DIRECTORS' INTENT, CARE SYNERGY WILL FUND INDIVIDUAL PARTICIPANT ACCOUNTS THROUGH INVESTMENT OPTIONS DIRECTED BY THE PARTICIPANTS. THE DEFERRED COMPENSATION PLAN IS PARTIALLY FUNDED, AND CARE SYNERGY REPORTS THE DEFERRALS AND RELATED FUNDING IN ACCRUED EXPENSES AND INVESTMENTS, RESPECTIVELY, IN THE BALANCE SHEET. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN IN 2022, FOR WHICH THE EXPENSE WAS INCURRED BY THE SPONSORING ORGANIZATIONS, BUT THE FUNDS HAVE NOT VESTED OR BEEN PAID OUT TO THESE INDIVIDUALS. THE AMOUNTS LISTED BELOW ARE INCLUDED ON SCHEDULE J, PART II, COLUMN (C): TIM BOWEN (CARE SYNERGY CEO): $161,442 PAUL TOSETTI (CARE SYNERGY CFO): $44,788 JULIE NUNLEY (COLORADO VISITING NURSES ASSOCIATION PRESIDENT): $33,734
PART I, LINE 7
THE ORGANIZATION AND THE COMPENSATION COMMITTEE OF CARE SYNERGY, A RELATED TAX-EXEMPT ORGANIZATION, ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. THE DETERMINATION OF BONUSES IS BASED ON ACHIEVEMENT OF CERTAIN METRICS INCLUDED IN OVERALL STRATEGIC OBJECTIVES INCLUDING FINANCIAL PERFORMANCE, PATIENT CENSUS GROWTH, AND QUALITY RATINGS. DURING CALENDAR YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION AND/OR CARE SYNERGY AWARDED THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, PRESIDENT, DIRECTOR OF MEDICAL SERVICES, NURSE PRACTITIONER, AND DIRECTORS OF CLINICAL SERVICES A BONUS BASED ON A REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION.
SCHEDULE J, PART II:
THE COMPENSATION PAID TO THE DIRECTOR/CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER IS PAID FOR BY CARE SYNERGY, A RELATED TAX-EXEMPT ORGANIZATION. CARE SYNERGY'S COMPENSATION COMMITTEE ENGAGES AN INDEPENDENT THIRD-PARTY COMPENSATION AND BENEFITS CONSULTANT TO CONDUCT A MARKET ANALYSIS, WHICH INCLUDES COMPARISONS OF SIMILARLY SIZED HOSPICES AND OTHER HEALTHCARE ORGANIZATIONS, TO DETERMINE COMPENSATION AMOUNTS FOR THESE INDIVIDUALS.
SCHEDULE J, PART II:
THE COMPENSATION PAID TO THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER IS PAID FOR BY CARE SYNERGY, A RELATED TAX-EXEMPT ORGANIZATION. IN ADDITION TO PROVIDING SERVICES TO COLORADO VISITING NURSE ASSOCIATION, TOP MANAGEMENT OFFICIALS LISTED ABOVE ALSO PROVIDE SERVICES IN THEIR RESPECTIVE POSITIONS TO OTHER RELATED TAX-EXEMPT ORGANIZATIONS. THE AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A REPRESENT COMPENSATION AND BENEFITS PAID TO THESE INDIVIDUALS FOR THEIR SERVICES TO THE FILING ORGANIZATION AS WELL AS OTHER TAX-EXEMPT ORGANIZATIONS.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CVNA LLC

    HOME HEALTH · CO · income $0 · assets $0

    Directly controlled by COLORADO VISITING NURSE ASSOCIATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333149349301698

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