Waterloo Visiting Nursing Association FY2023 filing

Waterloo, IAUnknown exempt organization EIN 42-0782546Revenue $852K in FY2023

On file with the IRSvnawaterloo.org2530 University Ave No 3 · Waterloo, IA

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To promote health and provide care services to individuals, families, and the community.

68¢ of each $1 spent went to programs.
$159K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $74K a year · 8% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$159K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$208K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$852K
-20% vs prior year
Spent
$935K
To programs
68%
Net assets
$122K
By yearFY2021–FY2024
Revenue
$852K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$852K
FY2024$571K
FY2024$31K
Expenses
$935K
FY2023▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$935K
FY2024$657K
FY2024Not on file
Net assets
$122K
FY2023▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2021$279K
FY2022$205K
FY2023$122K
FY2024$37K
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $637K Management & general 32% · $298K

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

10 people listed on the 990; $159K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former Executive Director Thru 6/23
$108,323Pt VII · Sec A
Former Financial Coordinator Thru 6/23
$50,442Pt VII · Sec A
Executive Director Eff. 6/23
$0Pt VII · Sec A
Financial Coordinator Eff. 6/23
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Mary Nicholas—$47,591$108,323$109,285$109,309
Annette Burke$60,700$57,789———
Heather Caraway—$20,305$50,442$48,167$38,312
Camille Moore—$32,423———

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.

See Waterloo Visiting Nursing Association executive salaries →

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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

Promotes health and provides care services to individuals, families, and the community.

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Provided by the organization

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1 program · $637K · in their own filed words · FY2022
01

The association provided 8,472 skilled nursing, homecare aide, homemaker and clinic visits to indigent, medicare, medicaid, veteran's administration and private insurance patients during the year ended june 30, 2023.

$637Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$33

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$852K
Ln 12
Fees for servicesLn 2g$821K
Gifts and grantsLn 1h$31K
Investment incomeLn 3$376
Money outPt IX
$935K
Ln 25
Programscol B$637K
Managementcol C$298K
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$101K
Total assetsLn 16$331K
LiabilitiesLn 26$208K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Government grantsLn 1e$18K
Fees for servicesLn 2g$821K
Investment incomeLn 3$376
Total revenueLn 12$852K
Assets in detailPt X, end of year
SavingsLn 2$101K
Cash and savings togetherLn 1–2$101K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$161K
Total assetsLn 16$331K
LiabilitiesLn 26$208K
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 523
VolunteersI 68
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 FY23End FY23
Cash and savingsLn 1–2$65K$101K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$272K$331K
LiabilitiesLn 26$67K$208K
Net assetsLn 32$205K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$145K$14K$131K
Other salaries and wagesLn 7$427K$337K$89K
Pension plan contributionsLn 8$7K$5K$2K
Other employee benefitsLn 9$79K$65K$13K
Payroll taxesLn 10$46K$38K$9K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$43K$36K$7K
Advertising and promotionLn 12$590$590
Office expensesLn 13$28K$20K$8K
Information technologyLn 14$46K$35K$11K
OccupancyLn 16$49K$36K$12K
TravelLn 17$33K$29K$3K
InsuranceLn 23$4K$3K$1K
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$935K$637K$298K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $571K$657K−$86K$37K 990 PDF
FY2023 Viewing $852K$935K−$82K$122K 990 PDF
FY2022 $1.1M$1.1M−$74K$205K 990 PDF
FY2021 $1.1M$1.2M−$55K$279K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $852,258 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,567$30,609
I-9 Program service revenuePrior year $1,031,880$821,273
I-10 Investment incomePrior year $493$376
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,065,940$852,258
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 $825,004$703,356
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $315,378$231,300
I-18 Total expensesPrior year $1,140,382$934,656
I-19 Revenue less expensesPrior year −$74,442−$82,398
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $852,258 across 6 lines filed
Lines not itemized here account for $12,115 of total revenue; see the IRS return.
VIII-1e Government grants$17,840
VIII-1f All other contributions, gifts and grants$12,769
VIII-1h Total contributions, gifts and grants$30,609
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $809,158$809,158
VIII-3 Investment incomeExcluded from tax $376$376
VIII-12 Total revenueRelated to mission $821,273 · Unrelated business $0 · Excluded from tax $376$852,258
Part IX · Statement of functional expenses $934,656 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $14,064 · Management $130,702$144,766
IX-7 Other salaries and wagesPrograms $337,338 · Management $89,241$426,579
IX-8 Pension plan contributionsPrograms $4,732 · Management $2,285$7,017
IX-9 Other employee benefitsPrograms $65,424 · Management $13,101$78,525
IX-10 Payroll taxesPrograms $37,759 · Management $8,710$46,469
IX-11c Accounting feesManagement $11,000$11,000
IX-11g Other fees for servicesPrograms $36,379 · Management $6,761$43,140
IX-12 Advertising and promotionPrograms $590$590
IX-13 Office expensesPrograms $19,653 · Management $8,319$27,972
IX-14 Information technologyPrograms $34,914 · Management $11,075$45,989
IX-16 OccupancyPrograms $36,464 · Management $12,155$48,619
IX-17 TravelPrograms $29,439 · Management $3,230$32,669
IX-23 InsurancePrograms $3,356 · Management $1,119$4,475
IX-24 Other expenses (24a–d)Programs $16,846$16,846
IX-25 Total functional expensesPrograms $636,958 · Management $297,698 · Fundraising $0$934,656
Part X · Balance sheet $330,838 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $65,165$100,735
X-4 Accounts receivableStart of year $88,258$65,872
X-9 Prepaid expenses and deferred chargesStart of year $5,432$3,496
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$160,735
X-16 Total assetsStart of year $272,079$330,838
X-17 Accounts payable and accrued expensesStart of year $65,336$43,490
X-19 Deferred revenueStart of year $1,865$4,133
X-25 Other liabilitiesStart of year $0$160,735
X-26 Total liabilitiesStart of year $67,201$208,358
X-27 Net assets without donor restrictionsStart of year $182,005$122,480
X-28 Net assets with donor restrictionsStart of year $22,873$0
X-32 Total net assets or fund balancesStart of year $204,878$122,480
X-33 Total liabilities and net assetsStart of year $272,079$330,838
Part XI · Reconciliation of net assets $122,480 net assets at year end
XI-1 Total revenue$852,258
XI-2 Total expenses$934,656
XI-3 Revenue less expenses−$82,398
XI-4 Net assets at start of year$204,878
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,480

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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