Damar Services 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

1967

Legal Domicile

Phone

3178565201

Tax Period

2024-07-01 to 2025-06-30

Damar Services Inc, founded in 1967, is a major nonprofit in the Human Services sector that reported $109.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $105.6M left a modest 3% surplus.

Mission

Damar provides residential, educational, therapeutic, and community services for children, adolescents, and adults with developmental disabilities that promote the fullest possible individual potential while preparing them to live as independently as possible in their chosen community. In addition to on-campus residential care, the organization provides a full continuum of support to individuals with developmental disabilities in their own communities that include behavioral health services, group home services, and supportive living services. The organization also provides affordable, high quality, compassionate healthcare for individuals and families, regardless of ability to pay.

Program Service Accomplishments

Program 1

Expenses: $61,506,884 Revenue: $72,989,480

Residential Services - Damar's campus provides 24 hour supervised care that ranges from staff-secure to more independent alternatives with a total of 190 beds. Transitional living homes and group...

Residential Services - Damar's campus provides 24 hour supervised care that ranges from staff-secure to more independent alternatives with a total of 190 beds. Transitional living homes and group homes located in the community mainly near campus provides clients with the least restrictive environment in the residential services program with approximately 37 beds.

Program 2

Expenses: $34,525,545 Revenue: $31,496,384

Community living and support - Damar's community-based services provide assistance and intervention for all ages. Individuals receiving services, either live in their own homes or with their families and need support. The outpatient clinic continues Damar's mission into the community by providing behavior management services and mental health counseling. The goal of the outpatient clinic is to help individuals fully realize their potential. Damar Services provides ABA programming to clients at three locations in the city. Approximately 1100 were served in this program.

Program 3

Expenses: $2,564,988 Revenue: $2,674,275

Educational Services - Damar Academy offers comprehensive special education school programs for students ages 6-22 facing delays related to autism, mental retardation, and other developmental and...

Educational Services - Damar Academy offers comprehensive special education school programs for students ages 6-22 facing delays related to autism, mental retardation, and other developmental and intellectual disabilities. The school is fully accredited by the Indiana Department of Education as a freeway school and can contract with local school corporations to provide educational programming to children who qualify. Damar Academy serves approximately 110 students.

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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 $1,314,531

Program Service Revenue $107,160,139

Investment Income $717,982

Other Revenue $0

TOTAL REVENUE $109,192,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,200,998

Fundraising Expenses $503,938

Program Expenses $98,597,417

Other Expenses $25,369,961

TOTAL EXPENSES $105,570,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,192,652	$96,700,831	+0.1%
Expenses	$105,570,959	$90,894,813	+0.2%
Net Income	$3,621,693	$5,806,018	-0.4%

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

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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

1720

Volunteers

237

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

$2,086,467

Total Directors

$707,612

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amber Fields	Secretary	1.0	Officer Director	$0	$0	$0
Dr James Dalton	President and CEO	60.0	Officer Director	$652,075	$55,537	$707,612
Jessica Howard	Treasurer	1.0	Officer Director	$0	$0	$0
Ralph Balber	Board Chair	1.0	Officer Director	$0	$0	$0
Bart Early	Director	1.0	Director	$0	$0	$0
Bernice Garcia	Director	1.0	Director	$0	$0	$0
Dr Amy Martin	Director	1.0	Director	$0	$0	$0
Dr John Ehrmann	Director	1.0	Director	$0	$0	$0
Jake Zupancic	Director	1.0	Director	$0	$0	$0
James Scheidler	Director	1.0	Director	$0	$0	$0
John Krutz	Director	1.0	Director	$0	$0	$0
Lora Moore	Director	1.0	Director	$0	$0	$0
Reggie Henderson	Director	1.0	Director	$0	$0	$0
Rick Torbeck	Director	1.0	Director	$0	$0	$0
Steve Price	Director	1.0	Director	$0	$0	$0
Dr Jennifer Peters-Reece	Chief Strategy Officer	50.0	Officer	$314,062	$39,828	$353,890
Octavius Molton	Chief Financial Officer	50.0	Officer	$392,258	$23,950	$416,208
Shawn Collinsworth	President of Damar Foundation	50.0	Officer	$53,365	$39,935	$306,761
Steve Huffman	Chief Human Resource Officer	50.0	Officer	$286,515	$15,481	$301,996
Donald McCoy	EVP of Operations and Administration	40.0	Highest	$181,919	$9,530	$191,449
Dr John Riley	Vice President of Medical Services	40.0	Highest	$311,922	$13,204	$325,126
Dr Julia Mitchell	Pediatrician	40.0	Highest	$189,150	$9,555	$198,705
Jennifer Maggard	Chief of Corporate Compliance	40.0	Highest	$229,695	$16,413	$246,108
Samuel Moya	EVP, Specialized Initiatives and Programs	40.0	Highest	$168,356	$9,515	$177,871

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	$109,192,652	$105,570,959	$72,283,589	$3,621,693
2024	$96,700,831	$90,894,813	$72,051,464	$5,806,018
2023	$81,093,867	$79,319,238	$62,931,394	$1,774,629
2022	$75,597,378	$71,146,512	$55,661,215	$4,450,866
2021	$82,679,779	$66,407,697	$55,415,839	$16,272,082
2020	$64,133,054	$58,043,913	$32,139,885	$6,089,141
2019	$59,018,725	$52,525,301	$30,595,442	$6,493,424
2018	$53,604,562	$50,594,038	$22,367,707	$3,010,524