VERLAND ENDOWMENT (EIN 251440467) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

LELAND SAPP

Phone

4127412375

Tax Period

2023-07-01 to 2024-06-30

VERLAND ENDOWMENT, founded in 1978, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $321K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $812K exceeded revenue, resulting in a 153% operating deficit.

Mission

VERLAND ENDOWMENT PROVIDES SUPPORT TO THE VERLAND SYSTEM BY SOLICITING, MAINTAINING AND INVESTING AN ENDOWMENT FUND OF FUNDS TO BE USED TO MAKE CAPITAL CONTRIBUTIONS, GRANTS AND LOANS FOR FACILITY MAINTENANCE.

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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 $10,500

Program Service Revenue $0

Investment Income $310,825

Other Revenue $0

TOTAL REVENUE $321,325

Expense Breakdown

Grants Paid $719,376

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $719,376

Other Expenses $93,089

TOTAL EXPENSES $812,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,325	$655,827	-0.5%
Expenses	$812,465	$669,618	+0.2%
Net Income	$-491,140	$-13,791	+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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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

N/A

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

$688,632

Total Directors

$478,849

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM F HARRIGER	CEO (LEFT 7/31/23)	8.00	Officer Director	$0	$22,833	$271,629
LELAND SAPP	CEO (STARTED 9/1/2023)	8.00	Officer Director	$0	$6,008	$102,162
CAROL B MITCHELL	DEPUTY CEO & EX-OFFICIO DIRECTOR	0.00	Officer Director	$0	$2,059	$105,058
MARIANNE DIMATTEO	COO (STARTED 4/1/2024)	8.00	Officer Director	$0	$0	$0
JON M THOMAS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DANIEL O'MALLEY	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVID P DUESSEL	TREASURER (LEFT 9/1/23)	0.30	Officer Director	$0	$0	$0
DANIELA WILPS	TREASURER (STARTED 9/1/23)	1.00	Officer Director	$0	$0	$0
PAUL B LONG	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT F GAERTNER	DIRECTOR	0.30	Director	$0	$0	$0
RAYMOND HUBER	DIRECTOR	0.30	Director	$0	$0	$0
COLLEEN PIETRUSINSKI	DIRECTOR	0.30	Director	$0	$0	$0
ROGER BOTTI	DIRECTOR (STARTED 3/11/24)	0.30	Director	$0	$0	$0
JUSTIN DODGE	DIRECTOR (STARTED 6/17/24)	0.30	Director	$0	$0	$0
ELIZABETH BILODEAU	DIRECTOR (LEFT 11/8/23)	0.30	Director	$0	$0	$0
DREW HELON	DIRECTOR (LEFT 7/31/23)	0.30	Director	$0	$0	$0
CATHERINE BOGATS	CFO/ASSISTANT TREASURER	8.00	Officer	$0	$26,898	$209,783

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	$321,325	$812,465	$17,339,594	$-491,140
2023	$655,827	$669,618	$15,593,125	$-13,791
2022	$723,074	$658,159	$14,633,834	$64,915
2021	$2,812,096	$700,503	$17,237,441	$2,111,593
2020	$309,029	$615,464	$15,048,354	$-306,435
2019	$1,039,132	$582,015	$14,407,196	$457,117
2018	$2,635,842	$691,552	$13,546,373	$1,944,290

VERLAND ENDOWMENT