Verra

EIN: 270566795 501(c)(3) Environment

Washington, DC

Total Revenue
$30,616,660
Total Expenses
$31,573,936
Total Assets
$26,804,981
Net Assets
$23,030,740
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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
2009
Legal Domicile
DC
Principal Officer
Mandy Rambharos
Phone
2029260038
Tax Period
2025-01-01 to 2025-12-31

Verra, founded in 2009, is a mid-sized nonprofit in the Environment sector that reported $30.6M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Verra drives transformational action on climate change and sustainable development through high-integrity standards that mobilize finance and deliver real impact.

Program Service Accomplishments

Program 1
Expenses: $27,934,122 Revenue: $27,551,050

VCS Program: The Verified Carbon Standard (VCS) Program certifies projects that reduce and remove greenhouse gas emissions. Projects undergo a rigorous development and assessment process before...

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VCS Program: The Verified Carbon Standard (VCS) Program certifies projects that reduce and remove greenhouse gas emissions. Projects undergo a rigorous development and assessment process before applying for registration with the VCS Program. Projects are issued Verified Carbon Units which they can use to finance their activities. Under the VCS Program, Verra also operates the Jurisdictional and Nested REDD+ Framework that enables jurisdictional REDD+ programs and nested projects to account for and verify their forest-related emission reduction activities.Continued in Schedule O

Program 2
Expenses: $1,217,752 Revenue: $1,198,385

CCBS Program: The Climate Community and Biodiversity Standards (CCBS) Program certifies projects that simultaneously address climate change, support local communities and smallholders, and conserve...

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CCBS Program: The Climate Community and Biodiversity Standards (CCBS) Program certifies projects that simultaneously address climate change, support local communities and smallholders, and conserve biodiversity. Many land-based projects register in both the CCBS Program and the VCS Program. These projects include reforestation, afforestation, vegetation, forest restoration, agroforestry, and sustainable agriculture projects.

Program 3
Expenses: $189,366 Revenue: $186,354

Plastics Waste Reduction Standard Program: The Plastic Waste Reduction Standard Program (Plastic Program) enables the consistent accounting, independent auditing and crediting of new or scaled-up...

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Plastics Waste Reduction Standard Program: The Plastic Waste Reduction Standard Program (Plastic Program) enables the consistent accounting, independent auditing and crediting of new or scaled-up waste collection and recycling projects. Projects are issued Plastic Credits which they can use to sustain and/or scale up their operations. The program seeks to catalyze socially-responsible waste recovery and recycling efforts around the world.

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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 (2025)

Revenue Breakdown

Contributions & Grants $924,209
Program Service Revenue $29,053,293
Investment Income $639,158
Other Revenue $0
TOTAL REVENUE $30,616,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,005,085
Fundraising Expenses $45,124
Program Expenses $29,460,643
Other Expenses $9,568,851
TOTAL EXPENSES $31,573,936

Year-over-Year Comparison

2025 2024 Change
Revenue $30,616,660 $27,758,613 +0.1%
Expenses $31,573,936 $47,133,054 -0.3%
Net Income $-957,276 $-19,374,441 -1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
68
Volunteers
193

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
5
$778,251
Total Directors
11
$0
Key Employees
5
$1,316,474
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marc Stuart Chair 4.00
Officer Director
$0 $0 $0
Andre de Ruyter Vice Chair 2.00
Officer Director
$0 $0 $0
Julie McLaughlin Vice Chair 2.00
Officer Director
$0 $0 $0
Kenneth Markowitz Director 1.00
Director
$0 $0 $0
Jim Cannon Director 1.00
Director
$0 $0 $0
Dirk Forrister Director 1.00
Director
$0 $0 $0
Janice Kotut-Sang Director 1.00
Director
$0 $0 $0
Jennifer McFarlane Director 1.00
Director
$0 $0 $0
Anshari Rahman Director 1.00
Director
$0 $0 $0
Juan Felipe Rengifo Borreno Director 1.00
Director
$0 $0 $0
Tsunehiko Yanagihara Director 1.00
Director
$0 $0 $0
Mandy Rambharos Chief Executive Officer 40.00
Officer
$398,878 $10,364 $409,242
Anil Vinayak Chief Financial Officer 40.00
Officer
$335,139 $33,870 $369,009
Joseph DellOrfano Chief Technology Officer 40.00
Key Emp
$328,846 $39,893 $368,739
Hillary Navarro Chief Comm & Engagement Officer 40.00
Key Emp
$252,149 $30,827 $282,976
Justin Wheler Chief Program Management Officer 40.00
Key Emp
$210,012 $18,961 $228,973
Candace Vinke Chief Prog Dev & Innovation Officer 40.00
Key Emp
$182,789 $16,987 $199,776
Andrew Howard Chief Strategy & Policy Officer 40.00
Key Emp
$236,010 $0 $236,010
Jerry Seager Sr Director, Program Quality 40.00
Highest
$214,948 $22,547 $237,495
Benktesh Sharma Sr Director, Technology Solutions 40.00
Highest
$211,079 $23,576 $234,655
Julianne Baroody Sr Director, Certification 40.00
Highest
$198,337 $24,926 $223,263
Barbara Davis Director of Technology Management 40.00
Highest
$189,590 $24,273 $213,863
Sinclair Vincent Sr Director, Program Development 40.00
Highest
$184,212 $19,634 $203,846
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 $30,616,660 $31,573,936 $26,804,981 $-957,276
2024 $27,758,613 $47,133,054 $28,663,979 $-19,374,441
2023 $29,804,931 $39,109,955 $47,899,270 $-9,305,024
2022 $32,424,242 $26,257,089 $57,769,889 $6,167,153
2021 $40,505,459 $17,589,764 $50,492,463 $22,915,695
2020 $20,811,487 $9,820,500 $26,985,298 $10,990,987
2019 $13,918,315 $6,884,938 $14,059,126 $7,033,377
2018 $6,977,882 $5,011,389 $7,050,475 $1,966,493
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