ADEPT EDUCATIONAL INSTITUTE INC

EIN: 042418109 501(c)(3)

WORCESTER, MA

Total Revenue
$6,649,018
Total Expenses
$6,649,575
Total Assets
$3,787,316
Net Assets
$1,980,549
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MA
Principal Officer
JAMES GORSKE
Phone
5087527313
Tax Period
2024-07-01 to 2025-06-30

ADEPT EDUCATIONAL INSTITUTE INC, founded in 1986, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024.

Mission

DESIGNED TO ENHANCE THE AWARENESS, KNOWLEDGE AND SKILL IN THE PREVENTION, INTERVENTION AND TREATMENT OF SUBSTANCE ABUSE AND OTHER HEALTH ISSUES. THE INSTITUTE DEVELOPS AND IMPLEMENTS TRAINING PROGRAMS FOR SUBSTANCE ABUSE PROFESSIONALS, HEALTH CARE PROVIDERS, AND HUMAN SERVICE PROFESSIONALS IN PREVENTION, INTERVENTION AND TREATMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,604,363
Investment Income $44,655
Other Revenue $0
TOTAL REVENUE $6,649,018

Expense Breakdown

Grants Paid $50,925
Salaries & Benefits $1,705,978
Fundraising Expenses $0
Program Expenses $5,503,686
Other Expenses $4,892,672
TOTAL EXPENSES $6,649,575

Year-over-Year Comparison

2024 2023 Change
Revenue $6,649,018 $6,968,016 0.0%
Expenses $6,649,575 $6,884,843 0.0%
Net Income $-557 $83,173 -1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
16
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$240,636
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICE M MUCHOWSKI DIRECTOR 2.00
Director
$0 $0 $0
BEVERLY STEWART TREASURER 2.00
Officer Director
$0 $0 $0
DIEDRE QUEALEY DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY HILLIS PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES DIREDA DIRECTOR 2.00
Director
$0 $0 $0
TARA M BOGS DIRECTOR 2.00
Director
$0 $0 $0
ROBERT BICK DIRECTOR 2.00
Director
$0 $0 $0
SALLY ROGERS DIRECTOR 2.00
Director
$0 $0 $0
JAMES GORSKE EXECUTIVE DIRECTOR/CLERK 40.00
Officer
$200,789 $39,847 $240,636
JENNIFER FAHEY TRAINING COORDINATOR 40.00
Highest
$113,657 $34,998 $148,655
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,649,018 $6,649,575 $3,787,316 $-557
2024 $6,968,016 $6,884,843 $3,828,653 $83,173
2023 $7,979,376 $7,906,041 $4,124,539 $73,335
2022 $6,323,218 $6,208,030 $3,654,090 $115,188
2021 $4,765,181 $4,641,604 $3,322,525 $123,577
2020 $5,494,298 $5,423,552 $2,442,231 $70,746
2019 $5,909,069 $5,725,980 $3,396,740 $183,089
2018 $5,456,407 $5,378,480 $2,923,575 $77,927
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