PEOPLE INCORPORATED

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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

1968

Legal Domicile

Principal Officer

MEGAN STIRK

Phone

5086795233

Tax Period

2024-07-01 to 2025-06-30

PEOPLE INCORPORATED, founded in 1968, is a mid-sized nonprofit in the Employment sector that reported $58.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO STRENGTHEN OUR COMMUNITY FOR EACH OF ITS MEMBERS BY PROVIDING PREMIER SERVICES FOR CHILDREN AND ADULTS OF ALL ABILITIES IN A COLLABORATIVE AND CREATIVE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $31,772,463 Revenue: $34,043,210

RESIDENTIAL SERVICES - HAS 32 24-HOUR FACILITIES HOUSING OVER 148 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES; PROVIDES LESS THAN 24 HR SERVICE TO 75 PEOPLE LIVING IN THE COMMUNITY.

Program 2

Expenses: $9,291,381 Revenue: $7,093,424

CHILDRENS AND YOUTH SERVICES - OVER 1,200 INDIVIDUALS AND FAMILIES RECEIVED EARLY INTERVENTION AND OTHER OUTREACH AND GROUP SERVICES FOR PRESCHOOL CHILDREN INCLUDING DAY CARE.

Program 3

Expenses: $6,031,951 Revenue: $8,473,219

DAY AND EMPLOYMENT SERVICES - PROVIDES SERVICES TO MEET THE WORK NEEDS OF DISABLED ADULTS AND FACILITATE THEIR PARTICIPATION IN COMMUNITY-BASED EMPLOYMENT, ALONG WITH OPPORTUNITIES IN JOB PLACEMENT, SHELTERED WORKSHOP, SUPPORTED WORK, DAY HABILITATION, AND COMMUNITY SOCIAL EXPERIENCES. SERVED OVER 300 PEOPLE IN FY2025.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,583,656

Program Service Revenue $55,859,029

Investment Income $602,082

Other Revenue $131,893

TOTAL REVENUE $58,176,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,556,143

Fundraising Expenses $0

Program Expenses $52,862,194

Other Expenses $15,099,798

TOTAL EXPENSES $57,655,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,176,660	$52,405,741	+0.1%
Expenses	$57,655,941	$50,237,684	+0.1%
Net Income	$520,719	$2,168,057	-0.8%

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

Governance

Voting Members

Independent Members

Employees

1055

Volunteers

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

$638,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BEDARD	PAST CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JASON RUA	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RENE LACHAPELLE	1ST VICE CHAIR	2.00	Officer Director	$0	$0	$0
JANICE CARRIGG	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES WALLACE	TREASURER	2.00	Officer Director	$0	$0	$0
JANNA LAFRANCE	CLERK	2.00	Officer Director	$0	$0	$0
JOSEPH BAPTISTA	DIRECTOR	1.00	Director	$0	$0	$0
RENEE HOWAYECK	DIRECTOR	1.00	Director	$0	$0	$0
ERIN BICHO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BURNS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW DESMARAIS	DIRECTOR (TO 9/24)	1.00	Director	$0	$0	$0
KIMBERLY TRAHAN	DIRECTOR	1.00	Director	$0	$0	$0
MELODY LAVOIE COSTA	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN TORRES	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN STIRK	PRESIDENT/CEO	40.00	Officer	$308,865	$40,117	$348,982
ELIZABETH MACHADO	CFO	40.00	Officer	$247,714	$41,533	$289,247
ELIZABETH COSTA	VP OF INDIVIDUAL SUPPORT	40.00	Highest	$149,026	$7,117	$156,143
CECIL HARRINGTON	DIRECT CARE PROFESSIONAL	40.00	Highest	$141,340	$1,565	$142,905
JOSE LAUREANO	CNA	40.00	Highest	$142,481	$7,608	$150,089
SITHA MAO	DIRECT CARE PROFESSIONAL	40.00	Highest	$135,817	$543	$136,360
PAUL NGUGI	DIRECT CARE PROFESSIONAL	40.00	Highest	$197,865	$7,829	$205,694

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	$58,176,660	$57,655,941	$39,446,341	$520,719
2024	$52,405,741	$50,237,684	$36,779,014	$2,168,057
2023	$50,553,896	$49,197,407	$35,657,113	$1,356,489
2022	$48,704,001	$45,097,590	$32,333,664	$3,606,411
2021	$44,424,403	$41,515,764	$28,621,050	$2,908,639
2020	$45,288,880	$43,063,375	$28,974,266	$2,225,505
2019	$42,104,508	$40,833,589	$25,183,972	$1,270,919
2018	$39,970,514	$39,018,861	$24,207,257	$951,653