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.
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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