Tri-Valley INC FY2022 filing

Tax-deductible

Dudley, MA501(c)(3)Since 1977Health CareEIN 04-2594201Revenue $29.8M in FY2022

On file with the IRStves.org10 Mill St, 01571-3377 · Dudley, MATax-exempt since Jun 1976Publicly supported charity — 170(b)(1)(A)(vi)

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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.
91¢ 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

FY2022 · 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
91%
of spending
Looks good: 91% 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 · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 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
$3.9M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29.8M
+20% vs prior year
Spent
$27.1M
To programs
91%
Net assets
$9.9M
By yearFY2020–FY2025
Revenue
$29.8M
FY2022▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.0M
FY2021$24.9M
FY2022$29.8M
FY2023$29.3M
FY2024$33.3M
FY2025$35.8M
Expenses
$27.1M
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$24.5M
FY2021$24.1M
FY2022$27.1M
FY2023$29.1M
FY2024$32.7M
FY2025$35.5M
Net assets
$9.9M
FY2022▲ +37%
Tap a bar for its year
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

91 cents of each dollar spent went to programs.

Program services 91% · $24.7M Management & general 9% · $2.4M

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

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Who runs it and what they're paid

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$144,382Pt VII · Sec A
Fiscal Director
$86,885Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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Provided by the organization

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3 programs · $20.0M · in their own filed words · FY2021
01

State Funded Home Care

Provides community based services to the elderly, including case management

$11.2Mprogram expense
02

Adult Family Care and Personal Care Attendants

Provides family living as an alternative to institutional care. The program matches participants with caregivers who provide 24-HOUR support in their homes or allows consumers to select, train and employ their own caregivers with support from social workers and nursing staff.

$5.5Mprogram expense
03

Senior Care Options

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

$3.3Mprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$29.8M
Ln 12
Gifts and grantsLn 1h$18.3M
Fees for servicesLn 2g$11.5M
Investment incomeLn 3$14K
Money outPt IX
$27.1M
Ln 25
Programscol B$24.7M
Managementcol C$2.4M
Owns and owesPt X
$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$13.8M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.3M
Government grantsLn 1e$17.7M
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$11.5M
Investment incomeLn 3$14K
Total revenueLn 12$29.8M
Assets in detailPt X, end of year
CashLn 1$5.0M
SavingsLn 2$876K
Cash and savings togetherLn 1–2$5.9M
InvestmentsLn 11–13$125K
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$13.8M
LiabilitiesLn 26$3.9M
Net assetsLn 32$9.9M
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 FY22End FY22
Cash and savingsLn 1–2$4.7M$5.9M
InvestmentsLn 11–13$125K$125K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$12.6M$13.8M
LiabilitiesLn 26$5.4M$3.9M
Net assetsLn 32$7.2M$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$325K$325K
Other salaries and wagesLn 7$7.1M$6.3M$750K
Pension plan contributionsLn 8$374K$329K$45K
Other employee benefitsLn 9$1.2M$1.0M$157K
Payroll taxesLn 10$640K$529K$111K
Legal feesLn 11b$42K$39K$3K
Accounting feesLn 11c$110K$24K$86K
Advertising and promotionLn 12$24K$20K$4K
Information technologyLn 14$469K$381K$88K
OccupancyLn 16$350K$91K$259K
TravelLn 17$324K$322K$1K
Conferences, conventions and meetingsLn 19$53K$49K$4K
InterestLn 20$79K$79K
Depreciation, depletion and amortizationLn 22$234K$56K$178K
InsuranceLn 23$95K$23K$73K
Other expenses (24a–d)Ln 24$15.3M$15.2M$107K
All other expensesLn 24e$322K$183K$140K
Total functional expensesLn 25$27.1M$24.7M$2.4M$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 Viewing $29.8M$27.1M$2.7M$9.9M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $29,766,125 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,259,060$18,250,236
I-9 Program service revenuePrior year $9,589,731$11,501,465
I-10 Investment incomePrior year $26,301$14,424
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $24,875,092$29,766,125
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,052,086$9,616,803
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,091,206$17,450,029
I-18 Total expensesPrior year $24,143,292$27,066,832
I-19 Revenue less expensesPrior year $731,800$2,699,293
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $29,766,125 across 7 lines filed
VIII-1e Government grants$17,666,435
VIII-1f All other contributions, gifts and grants$583,801
VIII-1g Noncash contributions (included above)$25,017
VIII-1h Total contributions, gifts and grants$18,250,236
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,501,465$11,501,465
VIII-3 Investment incomeExcluded from tax $14,424$14,424
VIII-12 Total revenueRelated to mission $11,501,465 · Unrelated business $0 · Excluded from tax $14,424$29,766,125
Part IX · Statement of functional expenses $27,066,832 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $324,632$324,632
IX-7 Other salaries and wagesPrograms $6,322,323 · Management $749,929$7,072,252
IX-8 Pension plan contributionsPrograms $328,675 · Management $45,395$374,070
IX-9 Other employee benefitsPrograms $1,048,728 · Management $157,164$1,205,892
IX-10 Payroll taxesPrograms $529,027 · Management $110,930$639,957
IX-11b Legal feesPrograms $38,797 · Management $3,138$41,935
IX-11c Accounting feesPrograms $24,197 · Management $85,825$110,022
IX-12 Advertising and promotionPrograms $19,972 · Management $3,803$23,775
IX-14 Information technologyPrograms $381,159 · Management $87,579$468,738
IX-16 OccupancyPrograms $90,914 · Management $259,291$350,205
IX-17 TravelPrograms $322,371 · Management $1,442$323,813
IX-19 Conferences, conventions and meetingsPrograms $48,893 · Management $3,994$52,887
IX-20 InterestManagement $78,726$78,726
IX-22 Depreciation, depletion and amortizationPrograms $55,782 · Management $178,453$234,235
IX-23 InsurancePrograms $22,706 · Management $72,655$95,361
IX-24 Other expenses (24a–d)Programs $15,241,258 · Management $106,863$15,348,121
IX-24e All other expensesPrograms $182,698 · Management $139,513$322,211
IX-25 Total functional expensesPrograms $24,657,500 · Management $2,409,332 · Fundraising $0$27,066,832
Part X · Balance sheet $13,831,723 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,920,957$5,003,742
X-2 Savings and temporary cash investmentsStart of year $746,649$875,513
X-4 Accounts receivableStart of year $5,490,588$5,651,264
X-9 Prepaid expenses and deferred chargesStart of year $161,916$204,718
X-10c Land, buildings and equipment, netStart of year $2,134,246$1,971,486
X-12 Other securitiesStart of year $125,000$125,000
X-16 Total assetsStart of year $12,579,356$13,831,723
X-17 Accounts payable and accrued expensesStart of year $1,730,325$1,805,302
X-19 Deferred revenue$144,599
X-24 Unsecured notes and loans payableStart of year $1,635,000$0
X-26 Total liabilitiesStart of year $5,357,512$3,910,586
X-27 Net assets without donor restrictionsStart of year $7,130,741$9,908,099
X-28 Net assets with donor restrictionsStart of year $91,103$13,038
X-32 Total net assets or fund balancesStart of year $7,221,844$9,921,137
X-33 Total liabilities and net assetsStart of year $12,579,356$13,831,723
Part XI · Reconciliation of net assets $9,921,137 net assets at year end
XI-1 Total revenue$29,766,125
XI-2 Total expenses$27,066,832
XI-3 Revenue less expenses$2,699,293
XI-4 Net assets at start of year$7,221,844
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,921,137

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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