Tri-Valley INC FY2021 filing

Tax-deductible

Dudley, MA501(c)(3)Since 1977Health CareEIN 04-2594201

An organization that is set up to assist eligible older residents with a range of services that will enhance their quality of life and allow them to live as independently as possible in dignity and respect.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$231K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $828K a year · 3% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$231K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.4M
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.9M
-0.4% vs prior year
Spent
$24.1M
To programs
92%
Net assets
$7.2M
By yearFY2020–FY2025
Revenue
$24.9M
FY2021-0.4%
Revenue by fiscal year
FY2020$25.0M
FY2021$24.9M
FY2022$29.8M
FY2023$29.3M
FY2024$33.3M
FY2025$35.8M
Expenses
$24.1M
FY2021▼ -2%
Expenses by fiscal year
FY2020$24.5M
FY2021$24.1M
FY2022$27.1M
FY2023$29.1M
FY2024$32.7M
FY2025$35.5M
Net assets
$7.2M
FY2021▲ +11%
Net assets by fiscal year
FY2020$6.5M
FY2021$7.2M
FY2022$9.9M
FY2023$10.1M
FY2024$10.3M
FY2025$10.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $22.2M Management & general 8% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990; $231K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$142,580Pt VII · Sec A
Fiscal Direc
$88,782Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elisabeth Prince’s $176K as Chief Executive Officer is at the 14th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elisabeth Prince$175,707$170,424$156,300$144,382$142,580$132,452
Ruth Pellegrino$100,982$97,158$91,436$86,885$88,782$3,115
Erika Browning—————$71,069

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps eligible seniors live independently with dignity through various services.

Provided by the organization

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3 program services account for $13.6M of program spending, described in the organization's own filed words · FY2020.
01

State Funded Home Care

Provides community based services to the elderly, including case management.

$6.9Mprogram expense
02

Group Adult Family Care

Provides personal care services to a home or group environment to prevent early institutionalization through third party contracts.

$3.7Mprogram expense
03

Senior Care Options

Combines health service with social support services by coordinating care and specialized geriatric support services, along with respite care for families and caregivers.

$3.0Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$24.9M
Ln 12
Gifts and grantsLn 1h$15.3M
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$26K
Money outPt IX
$24.1M
Ln 25
Programscol B$22.2M
Managementcol C$2.0M
Owns and owesPt X
$7.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$12.6M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.3M
Government grantsLn 1e$14.2M
Noncash giftsLn 1g$57K
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$26K
Total revenueLn 12$24.9M
Assets in detailPt X, end of year
CashLn 1$3.9M
SavingsLn 2$747K
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$125K
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$12.6M
LiabilitiesLn 26$5.4M
Net assetsLn 32$7.2M
OperationsPt I, VI
EmployeesI 5253
VolunteersI 6600
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.7M$4.7M
InvestmentsLn 11–13$125K$125K
Land, buildings, equipmentLn 10c$2.4M$2.1M
Total assetsLn 16$12.0M$12.6M
LiabilitiesLn 26$5.5M$5.4M
Net assetsLn 32$6.5M$7.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$290K$290K
Other salaries and wagesLn 7$6.6M$6.0M$645K
Pension plan contributionsLn 8$319K$319K
Other employee benefitsLn 9$1.3M$1.1M$156K
Payroll taxesLn 10$565K$511K$54K
Legal feesLn 11b$45K$43K$2K
Accounting feesLn 11c$61K$1K$60K
Other fees for servicesLn 11g$29K$17K$13K
Advertising and promotionLn 12$18K$14K$4K
Office expensesLn 13$39K$33K$6K
Information technologyLn 14$166K$165K$644
OccupancyLn 16$556K$149K$407K
TravelLn 17$143K$143K$875
Conferences, conventions and meetingsLn 19$6K$4K$1K
InterestLn 20$87K$21K$67K
Depreciation, depletion and amortizationLn 22$257K$61K$196K
InsuranceLn 23$72K$65K$7K
Other expenses (24a–d)Ln 24$13.3M$13.3M$18K
All other expensesLn 24e$301K$237K$64K
Total functional expensesLn 25$24.1M$22.2M$2.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $35.8M$35.5M$307K$10.5M 990 PDF
FY2024 $33.3M$32.7M$600K$10.3M 990 PDF
FY2023 $29.3M$29.1M$172K$10.1M 990 PDF
FY2022 $29.8M$27.1M$2.7M$9.9M 990 PDF
FY2021 Viewing $24.9M$24.1M$732K$7.2M 990 PDF
FY2020 $25.0M$24.5M$455K$6.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $24,875,092 across 7 lines filed
VIII-1e Government grants$14,177,779
VIII-1f All other contributions, gifts and grants$1,081,281
VIII-1g Noncash contributions (included above)$57,470
VIII-1h Total contributions, gifts and grants$15,259,060
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,589,731$9,589,731
VIII-3 Investment incomeExcluded from tax $26,301$26,301
VIII-12 Total revenueRelated to mission $9,589,731 · Excluded from tax $26,301$24,875,092
Part IX · Statement of functional expenses $24,143,292 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $290,327$290,327
IX-7 Other salaries and wagesPrograms $5,970,664 · Management $644,893$6,615,557
IX-8 Pension plan contributionsPrograms $319,127$319,127
IX-9 Other employee benefitsPrograms $1,105,941 · Management $155,992$1,261,933
IX-10 Payroll taxesPrograms $511,399 · Management $53,743$565,142
IX-11b Legal feesPrograms $42,635 · Management $2,434$45,069
IX-11c Accounting feesPrograms $1,235 · Management $60,225$61,460
IX-11g Other fees for servicesPrograms $16,522 · Management $12,739$29,261
IX-12 Advertising and promotionPrograms $14,498 · Management $3,972$18,470
IX-13 Office expensesPrograms $32,631 · Management $6,464$39,095
IX-14 Information technologyPrograms $164,911 · Management $644$165,555
IX-16 OccupancyPrograms $149,382 · Management $406,852$556,234
IX-17 TravelPrograms $142,521 · Management $875$143,396
IX-19 Conferences, conventions and meetingsPrograms $4,171 · Management $1,488$5,659
IX-20 InterestPrograms $20,745 · Management $66,503$87,248
IX-22 Depreciation, depletion and amortizationPrograms $61,151 · Management $196,132$257,283
IX-23 InsurancePrograms $64,965 · Management $6,960$71,925
IX-24 Other expenses (24a–d)Programs $13,292,372 · Management $17,598$13,309,970
IX-24e All other expensesPrograms $236,980 · Management $63,601$300,581
IX-25 Total functional expensesPrograms $22,151,850 · Management $1,991,442 · Fundraising $0$24,143,292
Part X · Balance sheet $12,579,356 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,895,531$3,920,957
X-2 Savings and temporary cash investmentsStart of year $2,761,663$746,649
X-4 Accounts receivableStart of year $4,749,919$5,490,588
X-9 Prepaid expenses and deferred chargesStart of year $51,465$161,916
X-10c Land, buildings and equipment, netStart of year $2,379,394$2,134,246
X-12 Other securitiesStart of year $125,000$125,000
X-16 Total assetsStart of year $11,962,972$12,579,356
X-17 Accounts payable and accrued expensesStart of year $1,736,713$1,730,325
X-24 Unsecured notes and loans payable$1,635,000
X-26 Total liabilitiesStart of year $5,472,928$5,357,512
X-27 Net assets without donor restrictionsStart of year $6,414,580$7,130,741
X-28 Net assets with donor restrictionsStart of year $75,464$91,103
X-32 Total net assets or fund balancesStart of year $6,490,044$7,221,844
X-33 Total liabilities and net assetsStart of year $11,962,972$12,579,356
Part XI · Reconciliation of net assets $7,221,844 net assets at year end
XI-1 Total revenue$24,875,092
XI-2 Total expenses$24,143,292
XI-3 Revenue less expenses$731,800
XI-4 Net assets at start of year$6,490,044
XI-10 Net assets at end of year$7,221,844

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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