NORTHAMPTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERITE INC, founded in 1996, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.
TO ENSURE THAT PEOPLE WORLDWIDE WORK UNDER SAFE, FAIR AND LEGAL WORKING CONDITIONS.
VERITE UNDERTOOK 28 INDEPENDENT, HIGH-QUALITY, ORIGINAL RESEARCH PROJECTS FOR 18 FUNDERS IN 28 COUNTRIES IN 2024. THESE PROJECTS PROVIDED INSIGHTS ON KEY ISSUES AND CHALLENGES IN RESPONSIBLE SOURCING...
VERITE UNDERTOOK 28 INDEPENDENT, HIGH-QUALITY, ORIGINAL RESEARCH PROJECTS FOR 18 FUNDERS IN 28 COUNTRIES IN 2024. THESE PROJECTS PROVIDED INSIGHTS ON KEY ISSUES AND CHALLENGES IN RESPONSIBLE SOURCING FOR PARTNERS ACROSS COMMODITY, PRODUCT, SECTOR, AND COUNTRY LEVELS WHILE ALSO BRINGING THE PERSPECTIVE OF WORKERS TO THE FOREFRONT. OUR UNIQUE, BOTTOM-UP APPROACH TO RESEARCH PROVIDES PARTNERS WITH AN OBJECTIVE VIEW INTO THE CONDITIONS OF WORK IN THEIR SUPPLY CHAINS WITH A FOCUS ON LISTENING TO AND PRIORITIZING THOSE WHO KNOW THOSE CONDITIONS BEST WORKERS.
VERITE CONDUCTED 173 COMPREHENSIVE AUDITS, INVESTIGATIONS, AND SCREENINGS, INCLUDING VIA OUR REMOTE FORCED LABOR SCREENING TOOL, CUMULUS, TO PROVIDE 22 COMPANIES WITH CRUCIAL INSIGHTS INTO WORKING...
VERITE CONDUCTED 173 COMPREHENSIVE AUDITS, INVESTIGATIONS, AND SCREENINGS, INCLUDING VIA OUR REMOTE FORCED LABOR SCREENING TOOL, CUMULUS, TO PROVIDE 22 COMPANIES WITH CRUCIAL INSIGHTS INTO WORKING CONDITIONS IN THEIR SUPPLY CHAINS ACROSS 24 COUNTRIES. FOCUSING ON SOME OF THE MOST DIFFICULT LABOR AND HUMAN RIGHTS ISSUES INCLUDING FORCED LABOR, HUMAN TRAFFICKING, AND CHILD LABOR THESE INTERVENTIONS CENTER THE VOICE OF WORKERS TO ALLOW US TO IDENTIFY THE ROOT CAUSE OF NONCOMPLIANCE, PRODUCING AN END PRODUCT THAT NOT ONLY IDENTIFIES ISSUES BUT ALSO PRODUCES ACTIONABLE RECOMMENDATIONS TO ADDRESS NONCOMPLIANCE SUSTAINABLY.
VERITE COMPLETED 86 CONSULTING ENGAGEMENTS, GUIDING 26 DIFFERENT PARTNERS IN 19 COUNTIES THROUGH PROCESSES WHICH STRENGTHENED THEIR COMMITMENT AND ADHERENCE TO PREVAILING HUMAN RIGHTS DUE DILIGENCE...
VERITE COMPLETED 86 CONSULTING ENGAGEMENTS, GUIDING 26 DIFFERENT PARTNERS IN 19 COUNTIES THROUGH PROCESSES WHICH STRENGTHENED THEIR COMMITMENT AND ADHERENCE TO PREVAILING HUMAN RIGHTS DUE DILIGENCE PRINCIPLES. OUR BROAD EXPERTISE ACROSS MULTIPLE INDUSTRIES ALLOWED US TO SUPPORT A VARIETY OF CLIENTS AS THEY INTEGRATED THESE PRINCIPLES INTO ASPECTS OF THEIR WORK SUCH AS STRATEGIC PLANNING, SOURCING DECISIONS, AND CASCADING ACCOUNTABILITY ACROSS THEIR VALUE CHAINS - ALWAYS WITH A FOCUS ON MITIGATING RISK FOR THE BUSINESS AND IDENTIFYING, REMEDIATING, AND PREVENTING RISK FOR WORKERS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,821,768 | $13,460,433 | -0.1% |
| Expenses | $12,672,185 | $12,766,824 | 0.0% |
| Net Income | $-850,417 | $693,609 | -2.2% |
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 |
|---|---|---|---|---|---|---|
| MARGARET KEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MINAL PATEL DAVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDY TESCH WILKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIREILLE GRANGENOIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN LIFSEC | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LIDDY MANSON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH AKANBOMBIRE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE FORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL VIEDERMAN | CLERK | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID LEVI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA LEEDY GANSLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG CAHN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAWN MACDONALD | CHIEF EXECUTIVE OFFICER | 35.00 |
Key Emp
|
$166,281 | $27,081 | $193,362 |
| ELIZABETH GARLAND | CHEIF PROGRAM OFFICER | 35.00 |
Highest
|
$137,729 | $19,743 | $157,472 |
| GABRIELA DELGADILLA | CHEIF PROGRAM OFFICER | 35.00 |
Highest
|
$137,729 | $17,816 | $155,545 |
| MICHAEL VAUDREUIL | SENIOR PROGRAM DIRECTOR | 35.00 |
Highest
|
$135,041 | $19,638 | $154,679 |
| DECLAN CROUCHER | CHIEF COMMERCIAL OFFICER | 35.00 |
Highest
|
$132,230 | $21,631 | $153,861 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $11,821,768 | $12,672,185 | $5,031,174 | $-850,417 |
| 2023 | $13,460,433 | $12,766,824 | $5,282,808 | $693,609 |
| 2022 | $9,956,684 | $10,648,457 | $5,458,819 | $-691,773 |
| 2021 | $10,354,968 | $8,750,222 | $6,111,457 | $1,604,746 |
| 2020 | $7,953,074 | $8,333,157 | $4,736,675 | $-380,083 |
| 2019 | $8,517,792 | $9,462,257 | $5,060,115 | $-944,465 |
| 2018 | $7,976,418 | $7,502,790 | $5,313,440 | $473,628 |
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