Richmond, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Virginia Association of Recovery Residences Inc, founded in 2012, is a community nonprofit in the Mental Health sector that reported $6.0M in total revenue in fiscal year 2023. Expenses of $5.7M left a modest 6% surplus.
Virginia Association of Recovery Residences, Inc.'s mission is to set high levels of standards for quality recovery residences in Virginia and accredit residences that meet such rigorous criteria in order to support persons in recovery with information and access to recovery residences bound together by the core principles of standards, ethics, and unity.
Provides indigent bed funding to well-operated recovery residences programs througout Virginia.The team at VARR creates, monitors, evaluates, and continually improves recovery residence standards and...
Provides indigent bed funding to well-operated recovery residences programs througout Virginia.The team at VARR creates, monitors, evaluates, and continually improves recovery residence standards and measures of quality; accredits the recovery residences who meet criteria and standards of VARR; serves as a voice for social model recovery programs in Virginia, which includes recovery treatment programs that provide housing to clients and works to ensure ethical practices by members. VARR strives to maintain a forum for exchanging ideas, lending support, problem solving, and developing new and existing residential programs. It provides community education and member training that enhances competency and individual growth of residents, their families, and peer recovery supports along with facility staff, volunteers and others in the recovery community. VARR promotes recovery within the community and works to ensure quality and safe recovery residences through annual re-accreditation processes.
Provides a program for managing Virginia's state opioid response measures.VARR strives to ensure integrity of Virginia's recovery residences and the program services they provide to addicts and...
Provides a program for managing Virginia's state opioid response measures.VARR strives to ensure integrity of Virginia's recovery residences and the program services they provide to addicts and alcoholics in need. VARR recognizes that recovery takes time, and that residential support has many facets, yet residences are required to follow standards and best practices. VARR affirms the necessity of a continuum of care to adequately address the total needs of the addicted community, of which housing is a large component in the continuum.
VARR Member Accreditation and Re-Accreditation: This set of standards is adopted from the National Alliance of Recovery Residences' guidelines, but has been refined by VARR's Board of Directors, in...
VARR Member Accreditation and Re-Accreditation: This set of standards is adopted from the National Alliance of Recovery Residences' guidelines, but has been refined by VARR's Board of Directors, in order to ensure the highest level of integrity is present. The accreditation process begins when the application is received in the VARR office. Upon receipt of application a site visit will be scheduled and performed by a member of the VARR staff or Board of Directors. No claims of approval can be made until the Standard Survey is completed and approved by VARR Board of Directors.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,024,226 | $5,682,666 | +0.1% |
| Expenses | $5,686,707 | $5,258,623 | +0.1% |
| Net Income | $337,519 | $424,043 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dr Sarah Scarbrough | President of the Board | 2.00 |
Director
|
$0 | $0 | $0 |
| Melissa Hinton | Treasurer | 2.00 |
Director
|
$0 | $0 | $0 |
| Reed Yearwood | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Donnie Newton | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| James Christmas | Vice Chairman of the Board | 1.00 |
Director
|
$0 | $0 | $0 |
| Dorothy Tompkins | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Anthony W Grimes | Executive Director | 40.00 |
Officer
|
$116,500 | $0 | $116,500 |
| Robert E de Triquet | Director VARCO | 40.00 |
Officer
|
$67,654 | $0 | $67,654 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,024,226 | $5,686,707 | $2,035,867 | $337,519 |
| 2022 | $5,682,666 | $5,258,623 | $852,948 | $424,043 |
| 2021 | $2,111,552 | $2,068,191 | $928,212 | $43,361 |
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