VINFEN CORPORATION

EIN: 042632219 501(c)(3) Human Services

CAMBRIDGE, MA

Total Revenue
$295,744,297
Total Expenses
$281,063,513
Total Assets
$219,776,917
Net Assets
$89,150,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MA
Principal Officer
JEAN YANG
Phone
6174411800
Tax Period
2024-07-01 to 2025-06-30

VINFEN CORPORATION, founded in 1977, is a major nonprofit in the Human Services sector that reported $295.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $281.1M left a modest 5% surplus.

Mission

VINFEN CORPORATION ("VINFEN") TRANSFORMS LIVES BY BUILDING THE CAPACITY OF INDIVIDUALS, FAMILIES, ORGANIZATIONS AND PROVIDING COMMUNITIES TO LEARN, THRIVE, AND ACHIEVE THEIR GOALS. OUR SERVICES PROMOTE THE RECOVERY, RESILIENCY, HABILITATION AND SELF-DETERMINATION OF THE PEOPLE WE SERVE. AS A HUMAN SERVICE LEADER, WE STRIVE TO BE THE PROVIDER, EMPLOYER, AND PARTNER OF CHOICE.

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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 $2,971,734
Program Service Revenue $288,883,726
Investment Income $1,640,449
Other Revenue $2,248,388
TOTAL REVENUE $295,744,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,544,516
Fundraising Expenses $373,126
Program Expenses $248,493,564
Other Expenses $73,518,997
TOTAL EXPENSES $281,063,513

Year-over-Year Comparison

2024 2023 Change
Revenue $295,744,297 $250,042,801 +0.2%
Expenses $281,063,513 $242,830,217 +0.2%
Net Income $14,680,784 $7,212,584 +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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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
6
Independent Members
5
Employees
3566
Volunteers
100

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
5
$1,577,175
Total Directors
6
$597,779
Key Employees
2
$490,692
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN YANG DIRECTOR, PRESIDENT & CEO 31.00
Officer Director
$579,061 $18,718 $597,779
IPEK DEMIRSOY DIRECTOR 0.80
Director
$0 $0 $0
MAREN BATALDEN DIRECTOR 0.80
Director
$0 $0 $0
PADMAJA RAMAN DIRECTOR 0.80
Director
$0 $0 $0
PAUL ZINTL DIRECTOR 1.00
Director
$0 $0 $0
PHILIP A MASON DIRECTOR, CHAIR 1.60
Officer Director
$0 $0 $0
ANNETTE KOVAMEES CFO & TREASURER 31.00
Officer
$286,430 $42,772 $329,202
JEANNE RUSSO COO (THRU 09/27/24) 40.00
Officer
$361,875 $26,026 $387,901
LURLEEN GANNON CLERK (AS OF 09/19/24) 39.50
Officer
$254,017 $8,276 $262,293
JOSEPH F GOMES SR. VP, DS SERVICES 40.00
Key Emp
$229,664 $31,141 $260,805
ELIZABETH CELLA SR. VP, PSYCH REHAB 40.00
Key Emp
$222,511 $7,376 $229,887
JUAN CONDEMARIN PSYCHIATRIST 40.00
Highest
$249,223 $11,348 $260,571
PEGGY JOHNSON CHIEF MEDICAL OFFICER 40.00
Highest
$352,793 $24,318 $377,111
JONATHAN BURT CHIEF INFO. & TECH. OFFICER 40.00
Highest
$250,072 $19,260 $269,332
EILEEN C REILLY PSYCHIATRIST 40.00
Highest
$249,782 $20,626 $270,408
KIMBERLY SHELLENBERGER CHIEF STRATEGY OFFICER 40.00
Highest
$280,925 $8,403 $289,328
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 $295,744,297 $281,063,513 $219,776,917 $14,680,784
2024 No data No data No data No data
2023 $229,665,666 $223,246,004 $178,644,934 $6,419,662
2022 $204,579,844 $199,760,492 $146,241,335 $4,819,352
2021 $191,298,897 $186,426,271 $144,286,269 $4,872,626
2020 $179,025,536 $174,136,130 $137,265,038 $4,889,406
2019 $168,160,114 $162,697,827 $127,336,872 $5,462,287
2018 $139,735,246 $136,809,512 $95,050,563 $2,925,734
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