VERLAND

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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

2022-07-01 to 2023-06-30

VERLAND, founded in 1978, is a community nonprofit in the Unknown sector that reported $5.3M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $5.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

VERLAND OPERATES AS THE PARENT COMPANY TO SEVERAL CORPORATIONS WHOSE MISSION IS TO ESTABLISH, SUPPORT, MAINTAIN, ADVOCATE AND OPERATE RESIDENCES AND PROGRAMS FOR THE GUIDANCE, EDUCATION, TREATMENT AND LONG TERM CARE OF INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, WITHOUT REGARD TO RACE, COLOR, CREED, SEX OR NATIONAL ORIGIN.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $4,903,646

VERLAND, THE PARENT COPORATION OF THE VERLAND SYSTEM, PROVIDES OVERALL GENERAL ADMINISTRATIVE SERVICES, DIRECTION AND CONTROL TO ALL ENTITIES. THE ENTITIES REIMBURSE VERLAND ON A PRO-RATA BASIS FOR...

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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 (2022)

Revenue Breakdown

Contributions & Grants $535,719

Program Service Revenue $4,903,646

Investment Income $-60,156

Other Revenue $-89,735

TOTAL REVENUE $5,289,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,101,118

Fundraising Expenses $739,217

Other Expenses $2,742,884

TOTAL EXPENSES $5,844,002

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,289,474	$4,620,849	+0.1%
Expenses	$5,844,002	$5,750,384	+0.0%
Net Income	$-554,528	$-1,129,535	-0.5%

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

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

$533,189

Total Directors

$356,635

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM F HARRIGER	PRESIDENT/CEO	8.00	Officer Director	$225,000	$29,576	$254,576
JON M THOMAS	CHAIRPERSON	0.30	Officer Director	$0	$0	$0
DANIEL O'MALLEY	VICE CHAIRPERSON	0.30	Officer Director	$0	$0	$0
DAVID P DUESSEL	TREASURER	0.30	Officer Director	$0	$0	$0
PAUL B LONG	SECRETARY	0.30	Officer Director	$0	$0	$0
ELIZABETH BILODEAU	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT DEVLIN	DIRECTOR THROUGH SEPT 2022	0.30	Director	$0	$0	$0
ROBERT F GAERTNER	DIRECTOR	0.30	Director	$0	$0	$0
DREW HELON	DIRECTOR	0.30	Director	$0	$0	$0
RAYMOND HUBER	DIRECTOR	0.30	Director	$0	$0	$0
CAROL B MITCHELL	DEPUTY CEO & EX-OFFICIO DIRECTOR	8.00	Officer Director	$100,000	$2,059	$102,059
COLLEEN PIETRUSINSKI	DIRECTOR	0.30	Director	$0	$0	$0
CATHERINE BOGATS	CFO/ASSISTANT TREASURER	8.00	Officer	$153,293	$23,261	$176,554
NICOLE GARCIA	VICE PRESIDENT OF CLINICAL SERVICES	40.00	Highest	$188,270	$4,125	$192,395
MELISSA RICHARDS	DIRECTOR OF HR	40.00	Highest	$164,782	$24,537	$189,319
GEORGE ROMANO	CHIEF OF FACILITIES/OPERAT	32.00	Highest	$159,995	$10,683	$170,678
ABIGAYLE M TOBIA	VICE PRESIDENT OF PHILANTHROPY	40.00	Highest	$140,768	$20,217	$160,985

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	No data	No data	No data	No data
2023	$5,289,474	$5,844,002	$1,232,488	$-554,528
2022	$4,620,849	$5,750,384	$4,872,812	$-1,129,535
2021	$4,158,512	$4,898,019	$2,093,829	$-739,507
2020	$3,559,771	$4,276,651	$1,359,458	$-716,880
2019	$4,050,883	$3,611,194	$2,917,291	$439,689
2018	$3,540,004	$3,599,645	$1,997,744	$-59,641