Verra (EIN 270566795) - 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

2009

Legal Domicile

Principal Officer

Mandy Rambharos

Phone

2029260038

Tax Period

2024-01-01 to 2024-12-31

Verra, founded in 2009, is a mid-sized nonprofit in the Environment sector that reported $27.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $47.1M exceeded revenue, resulting in a 70% operating deficit.

Mission

Verra sets the world's leading standards for climate action and sustainable development.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $26,565,382

Investment Income $1,188,231

Other Revenue $0

TOTAL REVENUE $27,758,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,637,753

Fundraising Expenses $7,139

Program Expenses $41,796,432

Other Expenses $17,495,301

TOTAL EXPENSES $47,133,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,758,613	$29,804,931	-0.1%
Expenses	$47,133,054	$39,109,955	+0.2%
Net Income	$-19,374,441	$-9,305,024	+1.1%

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

109

Volunteers

207

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

$874,097

Total Directors

$161,452

Key Employees

$2,131,138

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Markowitz	Chair	4.00	Officer Director	$0	$0	$0
Jim Cannon	Vice Chair	2.00	Officer Director	$0	$0	$0
Andre de Ruyter	Director	1.00	Director	$0	$0	$0
Julie McLaughlin	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
Marc Stuart	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
Mark Kenber	Director	1.00	Director	$0	$0	$0
Kelley Kizzier	Director	1.00	Director	$0	$0	$0
Mandy Rambharos	Director thru 8/24, CEO as of 8/24	40.00	Officer Director	$152,093	$9,359	$161,452
Anil Vinayak	Chief Financial Officer as of 6/24	40.00	Officer	$205,704	$22,858	$228,562
Judith Simon	President through 11/2024	40.00	Officer	$421,247	$62,836	$484,083
Farhan Ahmed	Chief Prog Mgmt Officer thru 10/24	40.00	Key Emp	$313,800	$47,583	$361,383
Justin Wheler	Chief Program Management Officer	40.00	Key Emp	$208,522	$16,197	$224,719
Toby Janson-Smith	Chief Prog Dev & Innovation Officer	40.00	Key Emp	$307,128	$66,643	$373,771
Joseph DellOrfano	Chief Technology Officer as of 3/24	40.00	Key Emp	$269,043	$51,808	$320,851
Hillary Navarro	Chief Comm & Engagement Officer	40.00	Key Emp	$237,212	$54,678	$291,890
Robin Rix	Chief Legal, Risk, & Gov Officer	40.00	Key Emp	$298,439	$21,337	$319,776
Andrew Howard	Chief Strategy & Policy Officer	40.00	Key Emp	$238,748	$0	$238,748
Naomi Swickward	Sr Director, REDD+ Prog Development	40.00	Highest	$226,368	$6,645	$233,013
Jerry Seager	Sr Director, Program Quality	40.00	Highest	$225,854	$32,612	$258,466
Benktesh Sharma	Sr Director, Technology Solutions	40.00	Highest	$214,609	$48,766	$263,375
Mary Gilmore-Maurer	Legal Director	40.00	Highest	$214,763	$15,645	$230,408
Julianne Baroody	Sr Director, Certification	40.00	Highest	$207,495	$44,554	$252,049
David Antonioli	Former CEO	40.00		$148,882	$0	$148,882
William Ferretti	Former CFOO	40.00		$159,951	$0	$159,951

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
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

Verra