BROCKTON VISITING NURSE ASSOCIATION
Mission Statement
BVNA Mission Statement The Brockton Visiting Nurse Association (BVNA) is an independent, nonprofit organization whose mission is to provide innovative and exceptional health care services in the home and in the communities we serve. Our vision is to be an indispensable resource to those we serve. Since 1904, the agency has been entrusted to deliver and coordinate health care services to patients in their homes. In an ever changing health care environment, home health care remains the most empathetic and cost -effective means to promote the well-being of the patient, family, and community. Through collaboration with the community and continual enhancement of the services it provides, BVNA makes the community a better place. The agency complies with accepted industry standards and employs highly competent, professional staff. BVNA strives to achieve the Triple Aim of superior outcomes, exceptional patient experiences and cost-effective care through post-acute and population health strategies.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.5% | 84.6% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.5% | 14.6% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 270.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.8 mo | 6.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
45.8% | 35.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.7% | 92.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
12.2% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.8% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.2% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $15.9M | $16.9M | $3.9M | 89.5% | 182 |
| 2023 | $14.2M | $16.0M | $4.2M | 86.6% | 177 |
| 2022 | $15.9M | $15.9M | $5.7M | 87.9% | 185 |
| 2021 | $18.7M | $15.2M | N/A | — | 253 |
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