WORCESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VETERANS INC, founded in 1990, is a mid-sized nonprofit in the Community Improvement sector that reported $26.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $23.5M left a modest 10% surplus.
VETERANS INC.'S MISSION IS TO END HOMELESSNESS AMONG VETERANS BY HELPING VETERANS REGAIN CONTROL OF THEIR LIVES. WE BELIEVE THAT ALL VETERANS HAVE EARNED RESPECT AND GRATITUDE FROM OUR NATION. THIS BELIEF IS TRANSLATED INTO THE PHILOSOPHY THAT UNDERLIES ALL OF OUR WORK. "THEY WERE THERE WHEN WE NEEDED THEM. WE MUST BE THERE NOW THAT THEY NEED US." AT VETERANS INC. WE AIM TO REMAIN A LEADING PROVIDER OF SERVICES FOR VETERANS AND THEIR FAMILIES BY PROVIDING THE HIGHEST QUALITY SERVICES.
HEALTH AND WELLNESS AND BEHAVIORAL HEALTH CARE - THE ORGANIZATION PROVIDES PHYSICAL, MENTAL, AND EMOTIONAL CARE THAT HELPS INDIVIDUALS DEVELOP COPING MECHANISMS AND SUPPORTS REINTEGRATION INTO...
HEALTH AND WELLNESS AND BEHAVIORAL HEALTH CARE - THE ORGANIZATION PROVIDES PHYSICAL, MENTAL, AND EMOTIONAL CARE THAT HELPS INDIVIDUALS DEVELOP COPING MECHANISMS AND SUPPORTS REINTEGRATION INTO FAMILIES AND COMMUNITIES. THIS CARE CONTRIBUTES TO THE SUCCESS OF THE ORGANIZATION IN REDUCING HOMELESSNESS. THE ORGANIZATION HAS BEEN ON THE VANGUARD OF TREATMENT DELIVERY FOR SUBSTANCE ADDICTION BY BECOMING THE FIRST VETERAN-FOCUSED ORGANIZATION TO CREATE A FULL ARRAY OF LICENSED DIRECT CARE SERVICES. INPATIENT AND OUTPATIENT SUBSTANCE ABUSE TREATMENT LICENSED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH AND ACCREDITED BY THE COMMISSION OF ACCREDITATION OF REHABILITATION FACILITIES ARE AVAILABLE AT INDEPENDENCE HALL IN SHREWSBURY, MASSACHUSETTS AND IN WORCESTER, MASSACHUSETTS LOCATIONS. LEVELS OF CARE PROVIDED INCLUDE INPATIENT CLINICAL STABILIZATION SERVICES, INPATIENT RESIDENTIAL RECOVERY SUPPORT FOR THOSE WITH CO-OCCURRING SUBSTANCE USE DISORDER AND MENTAL HEALTH ISSUES, INTENSIVE OUTPATIENT DAY TREATMENT, OUTPATIENT COUNSELING, AND MEDICATION ASSISTED TREATMENT. RESEARCH HAS DEMONSTRATED THAT SEPARATION FROM THE MILITARY INCREASES THE RISK OF DEVELOPING OR WORSENING SUBSTANCE ABUSE RELATED PROBLEMS. WHEN LEAVING THE MILITARY, DRUG AND ALCOHOL PROBLEMS CAN FURTHER COMPLICATE THE TRANSITION TO CIVILIAN LIFE AND CAN HAVE A SERIOUS IMPACT ON PERSONAL RELATIONSHIPS. THE ORGANIZATION OFFERS THIS EVIDENCE-BASED TREATMENT PROGRAM FOR MALES AND FEMALES, PRIORITIZING VETERANS, DELIVERING SERVICES WITH CULTURAL SKILL AND SENSITIVITY, WITH SPECIAL EXPERTISE IN THE VETERAN'S CULTURE, AND IS CONSIDERED THE FIRST OF ITS KIND IN THE COUNTRY TO BE OPERATED BY A COMMUNITY NON-PROFIT VETERANS ORGANIZATION.
OUTREACH AND SUPPORTIVE SERVICES PROGRAM - THE OUTREACH PROGRAM OFFERS TRAINING, THERAPEUTIC GROUP SESSIONS, INDIVIDUAL COUNSELING, BENEFITS COUNSELING AND ADVOCACY, HEALTHCARE AND BENEFIT...
OUTREACH AND SUPPORTIVE SERVICES PROGRAM - THE OUTREACH PROGRAM OFFERS TRAINING, THERAPEUTIC GROUP SESSIONS, INDIVIDUAL COUNSELING, BENEFITS COUNSELING AND ADVOCACY, HEALTHCARE AND BENEFIT ENROLLMENT, EMPLOYMENT SUPPORT, TRANSPORTATION, AND OTHER SUPPORT SERVICES SUCH AS FOOD AND CLOTHING. THE PROGRAM FOCUSES ON THE REMOVAL OF BARRIERS THAT PREVENT PEOPLE FROM RECEIVING CRITICAL SERVICES. SUPPORTIVE SERVICES TO VETERAN FAMILIES FOCUS ON HOUSING STABILIZATION WHICH OFFERS CASE MANAGEMENT, LEGAL SERVICES, HEALTHCARE NAVIGATION, AND TEMPORARY FINANCIAL ASSISTANCE TO HELP LOW-INCOME FAMILIES OBTAIN OR REMAIN IN HOUSING. ALSO OFFERED IS SUICIDE PREVENTION SUPPORT THAT EMPLOYS A PUBLIC HEALTH APPROACH THAT BLENDS COMMUNITY-BASED PREVENTION WITH EVIDENCE-BASED CLINICAL STRATEGIES WITH A GOAL TO REDUCE VETERAN SUICIDE RISK, IMPROVE BASELINE MENTAL HEALTH STATUS, WELL-BEING, AND SOCIAL SUPPORT, AND IMPROVE FINANCIAL STABILITY FOR INDIVIDUALS AND THEIR FAMILIES. THE ORGANIZATION ALSO PROVIDES HOUSING RETENTION ASSISTANCE FOR VETERANS WHO HAVE TRANSITIONED INTO THEIR OWN PERMANENT LIVING SITUATION AND MAINTAINS A NATION TOLL-FREE CALL CENTER TO PROVIDE VETERANS AND THEIR FAMILY MEMBERS WITH NEEDED SUPPORT, REFERRALS TO OTHER SERVICES, AS WELL AS TO ANSWER GENERAL INQUIRIES ON VETERANS' SERVICES.
SUPPORTIVE HOUSING FOR VETERANS - THE PROGRAM PROVIDES THE BASIC HUMAN NEEDS OF FOOD, CLOTHING, AND RESIDENTIAL SERVICES TO HOMELESS VETERANS. THE ORGANIZATION OPERATES MULTIPLE FACILITIES FOR...
SUPPORTIVE HOUSING FOR VETERANS - THE PROGRAM PROVIDES THE BASIC HUMAN NEEDS OF FOOD, CLOTHING, AND RESIDENTIAL SERVICES TO HOMELESS VETERANS. THE ORGANIZATION OPERATES MULTIPLE FACILITIES FOR VETERANS ACROSS NEW ENGLAND. PROGRAMS VARY BY SITE FROM EMERGENCY SHELTER AND BARRACK STYLE LIVING TO SINGLE ROOM OCCUPANCY UNITS WITH SHARED COMMON SPACES, TO INDEPENDENT APARTMENT STYLE LIVING. ALL SITES PROVIDE SUPPORTIVE SERVICES ONSITE THROUGH CASE MANAGERS AND SITE COORDINATORS. THE ORGANIZATION WORKS WITH EACH VETERAN TO DEVELOP AN INDIVIDUAL SERVICE PLAN TO MEET THEIR NEEDS. THE GOALS OF THE PROGRAM ARE FOR CLIENTS TO IMPROVE THEIR MENTAL HEALTH STATUS AND RESIDENTIAL STABILITY, INCREASE THEIR SKILL LEVEL OR INCOME, AND ACHIEVE GREATER SELF-DETERMINATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $26,213,790 | $23,466,512 | +0.1% |
| Expenses | $23,525,194 | $21,066,172 | +0.1% |
| Net Income | $2,688,596 | $2,400,340 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| VINCENT PERRONE JR | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$261,814 | $4,367 | $266,181 |
| DENIS M LEARY | VP & EXEC. DIRECTOR | 40.00 |
Officer
Director
|
$244,864 | $12,657 | $257,521 |
| GEORGE M BOURISK | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROLAND BERCUME | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK MURPHY | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| STANLEY M JONUTIS | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| VICTORIA VITUCCI | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| RALPH D SABATINO PHD | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| EDWARD D BURKART JR | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| ALLISON ALAIMO | SR. VP FINANCE, DEV & ADMIN | 40.00 |
Key Emp
|
$209,670 | $33,963 | $243,633 |
| AMANDA R HERRON | ASST. VP OF ADMIN. & EMPLOYEE RELATIONS | 40.00 |
Key Emp
|
$153,479 | $4,044 | $157,523 |
| AJ MERCIER | DIR. OF SPECIAL PROJ. & OPERATIONS | 40.00 |
Highest
|
$102,000 | $2,975 | $104,975 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $26,213,790 | $23,525,194 | $29,480,465 | $2,688,596 |
| 2023 | $23,466,512 | $21,066,173 | $27,011,039 | $2,400,339 |
| 2023 | $23,466,512 | $21,066,172 | $27,011,040 | $2,400,340 |
| 2022 | $21,842,562 | $17,382,682 | $23,448,065 | $4,459,880 |
| 2022 | $21,842,562 | $17,382,675 | $23,448,065 | $4,459,887 |
| 2021 | $18,421,251 | $16,015,492 | $18,232,415 | $2,405,759 |
| 2021 | $18,440,204 | $16,015,474 | $18,236,837 | $2,424,730 |
| 2020 | $12,658,312 | $11,714,651 | $17,123,846 | $943,661 |
| 2019 | $11,563,533 | $11,090,471 | $15,191,485 | $473,062 |
| 2018 | $11,922,840 | $11,835,696 | $14,909,621 | $87,144 |
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