VHS INC

EIN: 043560189 501(c)(3) Education

MAYNARD, MA

Total Revenue
$5,485,297
Total Expenses
$6,265,490
Total Assets
$1,257,713
Net Assets
$668,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
CAROL A DEFURIA
Phone
9788971900
Tax Period
2024-07-01 to 2025-06-30

VHS INC, founded in 2001, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $6.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

VHS, INC. PARTNERS WITH HIGH SCHOOLS, BOTH NATIONALLY AND INTERNATIONALLY, TO DEVELOP AND DELIVER HIGH QUALITY ONLINE EDUCATIONAL PROGRAMS FOR SCHOOL SYSTEMS, THEIR STUDENTS, AND THEIR TEACHERS.

Program Service Accomplishments

Program 1
Expenses: $5,007,287 Revenue: $5,471,040

IN FY2025, VHS PROVIDED ONLINE EDUCATION PROGRAMS TO 485 DIFFERENT SCHOOLS, SUPPORTING MORE THAN 15,100 STUDENT ENROLLMENTS. OUR NONPROFIT DELIVERED 275 UNIQUE COURSE OFFERINGS, INCLUDING MORE THAN...

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IN FY2025, VHS PROVIDED ONLINE EDUCATION PROGRAMS TO 485 DIFFERENT SCHOOLS, SUPPORTING MORE THAN 15,100 STUDENT ENROLLMENTS. OUR NONPROFIT DELIVERED 275 UNIQUE COURSE OFFERINGS, INCLUDING MORE THAN 30 DIFFERENT ADVANCED PLACEMENT COURSES, TO HIGH SCHOOL STUDENTS NATIONWIDE. NEW COURSES DEVELOPED AND OFFERED ONLINE INCLUDED AP NETWORKING AND AP AFRICAN AMERICAN STUDIES. THROUGH OUR PROGRAM, STUDENTS HAVE ACCESS TO COURSES THAT WOULD OTHERWISE BE UNAVAILABLE LOCALLY.

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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 $1,525,045
Program Service Revenue $3,945,995
Investment Income $14,257
Other Revenue $0
TOTAL REVENUE $5,485,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,609,301
Fundraising Expenses $302,426
Program Expenses $5,007,287
Other Expenses $2,656,189
TOTAL EXPENSES $6,265,490

Year-over-Year Comparison

2024 2023 Change
Revenue $5,485,297 $6,652,131 -0.2%
Expenses $6,265,490 $6,674,034 -0.1%
Net Income $-780,193 $-21,903 +34.6%
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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Governance

Voting Members
11
Independent Members
9
Employees
40
Volunteers
N/A

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
4
$400,801
Total Directors
11
$400,801
Key Employees
2
$312,338
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL A DEFURIA BOARD PRESID 41.00
Officer Director
$211,102 $41,723 $252,825
XUAN YOU DIRECTOR GLO 40.00
Key Emp
$151,688 $4,551 $156,239
AMY MICHALOWSKI DEAN 40.00
Key Emp
$150,850 $5,249 $156,099
KIM SPANGENBERG ASSOC.DEAN C 40.00
Highest
$103,835 $51,376 $155,211
JANE GALLAGHER BOARD CLERK, 41.00
Officer Director
$143,666 $4,310 $147,976
SUZANNE HARLOW DIRECTOR SCH 40.00
Highest
$104,183 $38,395 $142,578
ALYSHA HEARN ASSOC.VP SCH 40.00
Highest
$102,172 $21,882 $124,054
STACY YOUNG DIRECTOR SCH 40.00
Highest
$105,564 $6,463 $112,027
KELLY CHRISTIAN DIRECTOR 1.00
Director
$0 $0 $0
CHAD DORSEY TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL EHRHARDT BOARD CHAIRM 2.00
Officer Director
$0 $0 $0
CHARLIE GRAGG DIRECTOR 1.00
Director
$0 $0 $0
YOLANDA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DOROTHY MAXELL DIRECTOR 1.00
Director
$0 $0 $0
BARBARA MORSE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN REAGAN DIRECTOR 1.00
Director
$0 $0 $0
JULIE SACHS DIRECTOR 1.00
Director
$0 $0 $0
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 $5,485,297 $6,265,490 $1,257,713 $-780,193
2024 $6,652,131 $6,674,034 $2,083,368 $-21,903
2023 $7,086,130 $7,052,918 $2,454,600 $33,212
2022 $7,029,751 $6,992,564 $2,159,485 $37,187
2021 $7,665,795 $6,955,902 $2,323,170 $709,893
2020 $5,621,464 $5,569,683 $1,384,731 $51,781
2019 $5,156,395 $5,148,402 $1,128,157 $7,993
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