VERA INSTITUTE OF JUSTICE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

NICHOLAS R TURNER

Phone

2123341300

Tax Period

2023-07-01 to 2024-06-30

VERA INSTITUTE OF JUSTICE INC, founded in 1961, is a major nonprofit in the Crime & Legal sector that reported $142.3M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

VERA IS A NATIONAL ORGANIZATION THAT PARTNERS WITH IMPACTED COMMUNITIES AND GOVERNMENT LEADERS TO TRANSFORM THE CRIMINAL, LEGAL, AND IMMIGRATION SYSTEMS. USING POLICY, RESEARCH, AND COMMUNICATION EXPERTISE, VERA WORKS TO END THE OVERCRIMINALIZATION AND MASS INCARCERATION OF PEOPLE OF COLOR, IMMIGRANTS, AND PEOPLE EXPERIENCING POVERTY.

Program Service Accomplishments

Program 1

Expenses: $96,852,352 Revenue: $0

UNACCOMPANIED CHILDREN PROGRAMUNACCOMPANIED MINORS PROGRAM PROVIDES LEGAL SERVICES TO UNACCOMPANIED MINORS UNDER CARE WITH HEALTH AND HUMAN SERVICES. AS OF DECEMBER 1, 2023, THE PROGRAM WAS...

UNACCOMPANIED CHILDREN PROGRAMUNACCOMPANIED MINORS PROGRAM PROVIDES LEGAL SERVICES TO UNACCOMPANIED MINORS UNDER CARE WITH HEALTH AND HUMAN SERVICES. AS OF DECEMBER 1, 2023, THE PROGRAM WAS TRANSITIONED TO THE ACACIA CENTER FOR JUSTICE.

Program 2

Expenses: $3,378,572 Revenue: $0

ADVANCING UNIVERSAL REPRESENTATION:THE ADVANCING UNIVERSAL REPRESENTATION INITIATIVE IS DRIVING A NATIONAL MOVEMENT FOR UNIVERSAL REPRESENTATION. OUR GOAL IS TO ESTABLISH A FEDERAL RIGHT TO...

ADVANCING UNIVERSAL REPRESENTATION:THE ADVANCING UNIVERSAL REPRESENTATION INITIATIVE IS DRIVING A NATIONAL MOVEMENT FOR UNIVERSAL REPRESENTATION. OUR GOAL IS TO ESTABLISH A FEDERAL RIGHT TO REPRESENTATION FOR ALL IMMIGRANTS FACING DEPORTATION. BY FIGHTING FOR UNIVERSAL REPRESENTATION, THE INITIATIVE AND ITS PARTNERS ARE KEEPING FAMILIES TOGETHER; DISRUPTING THE CRIMINALIZATION AND DEPORTATION OF IMMIGRANTS AND THEIR FAMILIES; AND PROTECTING PEOPLE FROM THE DEPLORABLE CONDITIONS OF IMMIGRATION DETENTION.

Program 3

Expenses: $3,329,647 Revenue: $0

RESTORING PROMISERESTORING PROMISE IS AN INITIATIVE OF THE VERA INSTITUTE OF JUSTICE THAT SEEKS TO TRANSFORM PRISON CULTURES, CLIMATES, AND SPACES BY PARTNERING WITH CORRECTIONAL LEADERS TO REIMAGINE HOUSING UNITS FOR YOUNG ADULTS AND REALIGN CORRECTIONS POLICIES AND PRACTICES WITH A COMMITMENT TO HUMAN DIGNITY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $139,049,389

Program Service Revenue $0

Investment Income $2,476,525

Other Revenue $757,985

TOTAL REVENUE $142,283,899

Expense Breakdown

Grants Paid $9,493,388

Salaries & Benefits $38,417,242

Fundraising Expenses $3,679,820

Program Expenses $136,442,304

Other Expenses $103,294,472

TOTAL EXPENSES $151,205,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,283,899	$263,167,197	-0.5%
Expenses	$151,205,102	$262,476,408	-0.4%
Net Income	$-8,921,203	$690,789	-13.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

383

Volunteers

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

$3,368,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMIEN DWIN	CHAIR	1.00	Officer Director	$0	$0	$0
DEBO P ADEGBILE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EVAN C GUILLEMIN	TREASURER	1.00	Officer Director	$0	$0	$0
CARON BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
NELSON O FITTS	TRUSTEE	1.00	Director	$0	$0	$0
HELAM GEBREMARIAM	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GLEESON	TRUSTEE, THRU 12/31/2023	1.00	Director	$0	$0	$0
DAVID KLAFTER	TRUSTEE	1.00	Director	$0	$0	$0
LILI LYNTON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MADSEN	TRUSTEE	1.00	Director	$0	$0	$0
BARI MATTES	TRUSTEE	1.00	Director	$0	$0	$0
KHALIL GIBRAN MUHAMMAD	TRUSTEE	1.00	Director	$0	$0	$0
DANYA PERRY	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN TUCK	TRUSTEE	1.00	Director	$0	$0	$0
LOLA VELAZQUEZ-AGUILU	TRUSTEE	1.00	Director	$0	$0	$0
ANILU VAZQUEZ-UBARRI	TRUSTEE	1.00	Director	$0	$0	$0
TALI FARHADIAN WEINSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS R TURNER	PRESIDENT AND DIRECTOR	40.00	Officer	$612,139	$61,187	$673,326
EDWARD KWANGYOON CHUNG	VP, INITIATIVES	40.00	Officer	$323,759	$55,755	$379,514
INSHA RAHMAN	VP, ADVOCACY & PARTNERSHIP	40.00	Officer	$299,184	$26,357	$325,541
THERESA RAFFAELE JEFFERSON	VP, COMMS. & EXTERNAL AFFAIRS	40.00	Officer	$276,258	$29,145	$305,403
ADAIR H IACONO	GENERAL COUNSEL & SECRETARY	40.00	Officer	$265,840	$27,791	$293,631
STACEY STRONGARONE	VP, CHIEF OF STAFF	40.00	Officer	$262,101	$31,364	$293,465
GRETCHEN HASKINS PAGE	VP, DEVELOPMENT	40.00	Officer	$251,636	$22,033	$273,669
JAMES PARSONS VP RESEARCH	& MONITORING EVALUATION & LEARNING	40.00	Officer	$245,986	$55,799	$301,785
TRACEY THOMAS-WILMOT	VP, CHIEF PEOPLE OFFICER	40.00	Officer	$230,874	$53,451	$284,325
GREGORY M KLEMM CFO COO	ASSISTANT TREASURER, THRU 8/25/23	40.00	Officer	$199,321	$38,280	$237,601
MARGARET R DIZEREGA	MANAGING DIR., INITIATIVES	40.00	Highest	$224,764	$35,254	$260,018
VICTOR OSAMUDIAME OBASEKI	MANAGING DIR., RACE, EQUITY, INCL.	40.00	Highest	$217,326	$26,026	$243,352
VINA MORRIS DIRECTOR	TECHNOLOGY ADVANCEMENT & OPERATIONS	40.00	Highest	$213,858	$28,614	$242,472
DAVID NIDIFFER	DIRECTOR OF FINANCE	40.00	Highest	$206,141	$11,310	$217,451
NINA SIULC	DIRECTOR OF RESEARCH, INITIATIVES	40.00	Highest	$199,153	$36,584	$235,737

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	No data	No data	No data	No data
2024	$142,283,899	$151,205,102	$167,541,428	$-8,921,203
2023	$263,167,197	$262,476,408	$256,287,526	$690,789
2022	$265,119,422	$245,436,672	$247,197,850	$19,682,750
2021	$183,290,508	$173,665,500	$152,864,033	$9,625,008
2020	$177,865,111	$156,589,569	$170,625,693	$21,275,542
2019	$137,528,156	$130,260,814	$136,341,948	$7,267,342
2018	$137,171,436	$102,253,900	$116,718,335	$34,917,536
2018	$137,171,436	$102,253,900	$116,718,335	$34,917,536